The crypto world witnessed extremely exciting developments this week. Starknet stands out with news from Aptos Labs, Axie Infinity, and the Aave community. Because each of them has affected the crypto landscape in different ways. Let’s summarize the important points for traders:
Starknet airdrop excitement has begun
Today was a critical day with the Starknet airdrop that will distribute 1.8 billion STRK tokens to 1.3 million wallets. Users, developers, dapp enthusiasts, and even Ethereum contributors will be able to receive between 500 and 180,000 STRK of tokens depending on their participation. This airdrop does not only provide free token distribution. It also gives STRK holders the right to vote. Thus, it also promotes the decentralization of Starknet and enables the growth of the ecosystem through wider adoption.
To claim your tokens, you need to visit the Starknet website. You also need to use the calculator to calculate your allocation. The offer is open until June 20. As tokens enter the exchanges, market volatility is expected. However, be careful when investing, as STRK’s long-term value depends on the success of Starknet.
Airdrop details
In total, 1.8 billion STRK tokens will go to users on Ethereum to redeem crypto tokens allocated between February 20 and June 20. People who use or develop Starknet before November 15 will receive between 500 and 180,000 STRK, depending on their level of activity on the network.
The largest allocations in this category are reserved for more than 2,000 people accepted into the “Starknet Early Community Members Program” after proving their contribution to the network during the initial phase. A calculator on the Starknet website allows users to determine their own allocations.
Aptos Labs makes transactions easier with Passkeys
Aptos Labs introduced passkeys, an innovative feature that replaces complex passwords and private keys. It offers short and easy-to-remember codes that increase security and user experience by using fingerprint or face recognition, such as biometric authentication. Passkeys eliminate the risk of access loss due to forgotten passwords. Thus, it provides convenience similar to Apple Pay or Google Pay. This innovation attracts new users to the Aptos Layer 1 blockchain, known for its scalability and low fees.
Critical developments in Axie Infinity and Aave
Axie Infinity has launched Season 7: Mystic Era, bringing a new wave of competition and rewards to the popular win-win game. The season offers a prize pool of 18,900 AXS and 1,374,051 SLP, worth approximately $200,000. This increases demand for the AXS token among those participating in the Axie economy.
Aave community, Ether. Fi has launched a temperature control proposal to integrate weETH, its liquidity re-collateral token. If the proposal is accepted, users will be able to earn ether.fi and EigenLayer points for future incentives by depositing weETH into Aave. This potential integration could increase Aave’s total value locked (TVL). It can also attract users looking for additional income opportunities.
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