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Unchained

Is the Short Team Lockup for STRK ‘Misaligned’? No, Says Starkware CEO - Ep. 609

Unchained

Laura Shin

News, Tech News, Business News

4.61.3K Ratings

🗓️ 16 February 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Starknet made news this week for announcing what will be the largest initial airdrop by number of eligible addresses ever. But it faced heavy criticism online for many of the details of the airdrop, from the fact that Ethereum solo takers received almost 22% of the distribution to eligibility requirements that users held at least 0.005 ETH in their wallets as of Nov. 15, 2023 to the fact that the token generation event took place almost two years before the unlock date. Starkware CEO Eli Ben-Sasson joined Unchained to respond to the multiple critiques of the airdrop and discuss why he and the Starknet Foundation decided on the details that they did.   Show highlights: What the airdrop criteria was and why they decided to make it that way Why they allocated so much $STRK to Ethereum solo stakers Eli’s response to the criticism about how little Starknet network participants got in the airdrop Why the STRK Token Generation Event (TGE) was done in 2022, only to be airdropped two years later Why Eli believes that even if the unlock of tokens is in two months, it does not indicate misalignment of incentives Whether Eli will sell his tokens when they become unvested Thank you to our sponsors! Popcorn Network iTrustCapital Polkadot Guest Eli Ben-Sasson, CEO of Starkware Links Recent coverage of Unchained on airdrops: Jupiter Founder Meow to Critics of JUP Airdrop: ‘Give Me a Break’ Unchained:  Starknet’s Airdrop Plan Sparks Some Praise but Also Outrage Starknet’s First Token Distribution Will Be Available to Nearly 1.3 Million Addresses The Defiant: Starknet Faces Backlash Over Airdrop and Team Unlocks Loomdart’s tweet on the TGE Learn more: Do You Have to Pay Taxes on a Crypto Airdrop? What Is a Crypto Airdrop? A Beginner's Guide  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

We knew that whenever you announce criteria, those who feel that they receive something that they deserve or maybe more than they expected, they're happy, but generally speaking they're relatively

0:15.0

quiet about it and that's fine and those who feel wronged are going to be very

0:20.5

very vocal about it and that also is fine so we knew from the start that by

0:24.9

announcing the criteria we will mostly be seeing the people who feel wrong and

0:31.6

we are listening to that we respect the users of the community.

0:38.0

Hi everyone, welcome to Unchained,'re no high resource for all things

0:45.3

crypto I'm your host Laura Shin author of the cryptopians I started covering

0:50.6

crypto eight years ago and as a senior editor of Forbes was the first

0:53.8

matry meter reporter to cover cryptocurrency full-time.

0:56.6

This is the February 16th 2024 episode of Unchained.

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1:44.7

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1:47.2

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