The world’s largest crypto exchange Binance on Tuesday said it will list the much-awaited Ethereum layer-2 network Starknet (STRK) with seed tag today. The crypto exchange also announced support for Starknet (STRK) distribution for Binance ETH staking users. Users can start trading STRK in multiple spot trading pairs from February 20 at 13:00 UTC.
Crypto exchange Binance in an official announcement on February 20 revealed new spot trading pairs for Starknet (STRK). The exchange will list STRK/BTC, STRK/USDT, STRK/FDUSD, and STRK/TRY pairs, which are key pairs bringing higher trading volumes.
Users can start depositing STRK for trading at 12:00 UTC, an hour before trading commences on February 20 at 13:00 UTC. Users can withdraw STRK from 13:00 on February 21.
Notably, Binance listing STRK with a seed tag, considering the token may exhibit higher volatility and risks. Starknet is a permissionless, validity rollup for the Ethereum network that is also known as a zero-knowledge rollup (ZK rollup).
Read More: Starknet Foundation’s Empowers STRK Token Distribution Plan
Furthermore, Binance Earn will support the Starknet Provisions Program for all eligible users who staked ETH on Binance. These users will receive STRK tokens in spot wallets as per their total BETH balances across wallets at the snapshot time of September 15, 2022 at 23:59 (UTC). To check eligibility:
STRK token distribution to eligible users will be completed within 30 days from Starknet Provisions Program date, reported Binance. Ethereum-based Layer-2 scaling solution, Starknet, earmarked 1.8 billion STRK token airdrop to reward developers and early network participants.
Crypto exchanges such as OKX, KuCoin, HTX Global, Bybit, Bitfinix, MEXC, Gateio, BitMEX, and Bitget have announced Starknet (STRK) listing.
Interestingly, Wintermute has received 2 million STRK tokens and deposited 500K STRK to Binance, as per on-chain platform Lookonchain. Moreover, Three Arrows Capital (3AC) liquidator Teneo receives 134.18M STRK, making it the 9th largest holder.
The market expects listing at $0.80, based on theory that the FDV will be equal to its latest funding round valuation at $8 billion with 720M tokens in circulation. The OTC trading price of STRK on Whales Market and KuCoin rose to the $2 range.
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