In today’s report, Starknet Foundation announced the STRK token airdrop for 1.3 million eligible wallets will be on Feb 20.

The long-awaited STRK token airdrop is set to take place on Tuesday, February 20. Over 700 million STRK tokens will be distributed to about 1.3 million wallet addresses within a four-month period. The airdrop is expected to end by June 20th. 

Starknet is an Ethereum Layer-2 network that uses a ZK-Rollup solution to scale decentralized apps. Starknet also highlighted that the new STRK token will be the key to decentralizing and governing the network.

Diego Oliva, CEO of Starknet, stated in the press release, “Provisions celebrates our community’s hard work in showing how we can and should scale Ethereum for mass adoption,”

The STRK airdrop will be distributed to Ethereum (ETH) users, who will receive 1.8 billion STRK tokens. At the same time, anywhere between 500 to 180,000 STRK will be given to non-Web3 Open-source developers. Lastly, more than 2,000 Starknet Early Community Members Program members will also receive the airdrop. The eligibility criteria were based on a snapshot that evaluates transaction volume and the amount of interaction with the network equivalent to $100 in cumulative value.

Starknet Foundation also added that there would be further provisions in the future. This only means that there will be more airdrops and more hope for those who didn’t qualify for this airdrop.

“We see how much attention this is bringing to Starknet, and we’re flattered,” Eli Ben-Sasson, Starknet Foundation board member and CEO of StarkWare, said in the press release.