How to Claim Your Share of the StarkNet Airdrop: The Ultimate Guide for 2024.

StarkNet is a decentralized, scalable, and secure layer-2 network that leverages zero-knowledge proofs to enable fast and cheap transactions on Ethereum. StarkNet aims to bring the benefits of zk-STARKs, such as privacy, composability, and post-quantum security, to the masses.

In 2024, StarkNet is launching its mainnet, and to celebrate this milestone, they are conducting a massive airdrop of their native token, STARK, to the Ethereum community. The STARK token will be used for paying fees, staking, governance, and incentivizing the growth of the StarkNet ecosystem.

If you are an Ethereum user, you might be eligible to claim some free STARK tokens from the StarkNet airdrop. In this article, we will explain everything you need to know about the StarkNet airdrop, including:

  • What is the StarkNet airdrop and why is it important?
  • Who is eligible for the StarkNet airdrop and how much can you get?
  • How to claim your STARK tokens from the StarkNet airdrop in 3 easy steps?

What is the StarkNet airdrop and why is it important?

The StarkNet airdrop is a one-time distribution of STARK tokens to Ethereum users who have interacted with certain protocols, dApps, or contracts that are compatible with StarkNet. The airdrop is designed to reward the early adopters of the Ethereum ecosystem and to bootstrap the network effect of StarkNet.

The StarkNet airdrop is important because it gives you an opportunity to get some free tokens that could appreciate in value over time, as well as to participate in the governance and development of StarkNet. By holding STARK tokens, you will be able to vote on proposals, delegate your stake to validators, and access exclusive features and services on StarkNet.

Who is eligible for the StarkNet airdrop and how much can you get?

The StarkNet airdrop is open to anyone who has used Ethereum before December 31, 2022, and has interacted with any of the following protocols, dApps, or contracts:

  • Uniswap
  • Compound
  • Aave
  • MetaMask
  • Argent
  • Gnosis Safe
  • NFT platforms (such as OpenSea, Rarible, SuperRare, etc.)
  • Any contract that has been verified on Etherscan

The amount of STARK tokens that you can claim from the StarkNet airdrop depends on several factors, such as:

  • The number and frequency of your transactions on Ethereum
  • The amount and diversity of your holdings on Ethereum
  • The level of your involvement and contribution to the Ethereum community

The exact formula for calculating the STARK token allocation is not yet disclosed, but you can expect to receive anywhere from 10 to 10,000 STARK tokens from the StarkNet airdrop, depending on your eligibility criteria.

StarkNet introduced its token on Ethereum in November 2022, but you can’t buy $STRK yet. The Starknet Foundation hasn’t shared details about Community Rebates and Community Provisions.

No official word on the $STRK token’s sale or airdrop has been given. However, it’s likely there might be a StarkNet airdrop, about 90% chance, based on hints in their post mentioning a 9% allocation for ‘community provisions.’ This has the community excited about a possible airdrop.

How to claim your STARK tokens from the StarkNet airdrop in 3 easy steps?

Claiming your STARK tokens from the StarkNet airdrop is very simple and straightforward. All you need to do is follow these 3 easy steps:

  • Check your eligibility: To check if you are eligible for the StarkNet airdrop, you can use the official StarkNet airdrop tool, which will scan your Ethereum address and tell you how many STARK tokens you can claim. You can access the tool here: https://starknet.io/airdrop
  • Connect your wallet: To claim your STARK tokens from the StarkNet airdrop, you will need to connect your Ethereum wallet to the StarkNet airdrop tool. You can use any wallet that supports Ethereum, such as MetaMask, Argent, Gnosis Safe, etc. You will also need to pay a small gas fee to claim your tokens, so make sure you have some ETH in your wallet.
  • Claim your tokens: Once you have connected your wallet, you can claim your STARK tokens from the StarkNet airdrop by clicking on the “Claim” button. You will then see a confirmation message and a transaction hash, which you can use to track your claim on Etherscan. Your STARK tokens will be sent to your wallet within a few minutes.

Steps to qualify for the potential StarkNet Airdrop

People in the crypto community are excited about StarkNet because it could be a big deal for making Ethereum faster through zk roll-up layer 2 scaling, competing with zkSync.

Everyone’s looking forward to the zkSync airdrop. You can find more info in our guide.

As StarkNet moves to its mainnet phase, using different applications might increase your chances of getting an airdrop. We’ve got a series of simple steps to help you navigate the StarkNet ecosystem.

Here’s a quick rundown of the steps that can boost your eligibility and improve your chances of winning the StarkNet airdrop.

  • Set Up Argent X wallet and Metamask Wallet
  • Use Starkgate bridge
  • Create StarkNet ID
  • Interact with Starknet decentralized exchanges
  • Mint and Buy NFTs
  • Interact with multiple Starknet Dapps
  • Keep on reading for a detailed explanation of these steps.

Note: To increase your chances of qualifying for the $STRK airdrop, it is recommended to engage with their dApps as much as possible.

1) Set Up Argent X wallet and Metamask Wallet

To connect Ethereum on the ECR mainnet to the Starknet network, you’ll need a MetaMask wallet. But be aware that MetaMask isn’t compatible with Starknet because it doesn’t work with the Ethereum Virtual Machine (EVM). Instead, you’ll need an Argent X wallet.

Begin by downloading both wallets, which are accessible as web extensions. If you don’t have a wallet yet, go ahead and create a new one.

ArgentX | Screenshot via https://www.argent.xyz/argent-x/

2) Use Starkgate bridge

Stargate, deployed by Starkware, is the official bridge for moving assets and ensuring interoperability between blockchain networks.

To transfer ETH from the Ethereum mainnet to the Starknet mainnet, follow these steps:

Note: The Starknet bridge is currently in its alpha phase, so expect potential delays and the possibility of critical bugs.

  1. Head over to the Starkgate Bridge.
  2. In the upper right corner of the page, locate and follow the instructions to connect your Ethereum and Argent wallets.
  3. Once connected, proceed with transferring some ETH from the Ethereum mainnet to the Starknet mainnet.
Starkgate-Bridge | Screenshot via https://starkgate.starknet.io/

3) Create StarkNet ID

Many cryptocurrency projects require users to register with a unique ID to ensure one person receives only one airdrop. Starknet simplifies this process with a dedicated Starknet ID page. Here’s how to proceed:

  • Connect to the Starknet mainnet and link your Argent wallet using the StarkNet wallet.
  • Create an ID with the Stark domain.

Once you have your Starknet ID, consider linking your social accounts to stay ahead and increase your chances of being in a good position for an airdrop.

tarkNet-Id | Screenshot via https://app.starknet.id/

4) Interact with Starknet decentralized exchanges

On the Starknet Mainnet, there are three key decentralized exchanges you should engage with: 10kSwap, MySwap, and JediSwap.

Follow these steps:

1. Visit each exchange, connect your wallet to the site, and swap any tokens.

2. After swapping, add the acquired tokens to a liquidity pool on the pool page.

3. This allows you to withdraw funds immediately and trade the tokens without spending any money.

Note: Swap tokens regularly to maximize your interaction with these platforms.

10Kswap | Screenshot via https://10kswap.com/swap

5) Mint and Buy NFTs

The main platforms for minting NFTs on StarkNet are Mint Square and Aspect.

To create your own NFT:

1. Visit Mint Square and Aspect NFT marketplaces.

2. Connect to the StarkNet network.

3. Upload an image and provide a name and description through the NFT marketplaces.

For a more immersive experience, consider purchasing some inexpensive NFTs to further engage in the process.

intSquare | Image via Mint Square

6) Interact with multiple Starknet Dapps

To position yourself effectively for potential airdrops, it’s crucial to engage with various StarkNet dApps. Visit “starknet-ecosystem.com,” a portal hosting a variety of dApps within the StarkNet ecosystem.

Important: Steer clear of lesser-known projects to avoid potential scams.

Tips for Risk Management while Participating in an Airdrop

  • Create a Burner Wallet:

 Set up a secondary wallet specifically for airdrop farming, separate from your regular crypto assets. This adds a layer of protection, minimizing potential risks in case the airdrop wallet faces security issues.

  • Conduct Thorough Research:

Before participating in any airdrop, thoroughly research the project. Scrutinize the whitepaper, website, and social media presence to assess credibility, potential, and community involvement.

  • Secure Private Keys Offline:

Keep private keys offline to enhance security. Avoid storing them on internet-connected devices. Opt for secure offline storage methods like hardware wallets or paper backups to protect against online threats.

  • Beware of Scams:

Exercise caution with airdrops, as scams and fake websites are prevalent. Always verify the correct URL when dealing with projects or dApps. Never disclose your seed phrase to ensure the safety of your assets.

FAQs about the StarkNet Airdrop

  • StarkNet Airdrop Worth:

   The speculated value of the StarkNet airdrop rewards might start around $10,000, with the potential for some individuals to receive even more. It’s important to note that these figures are purely speculative within the community, lacking official confirmation.

  • StarkNet Token Launch:

   StarkNet has already launched its $STRK token, but it’s currently not available for sale. The company has expressed its intention to disclose details in the near future.

  • StarkNet Airdrop Timing:

   Airdrop predictions are challenging due to their unpredictability, but the community anticipates the StarkNet airdrop might occur in late 2023 or early 2024 in most scenarios.

  • Initial Investment for Airdrop:

No initial investment is required to participate in the airdrop. However, a small amount of ETH may be needed for on-chain transactions, incurring minimal costs.

Disclaimer: This content is solely based on the author’s opinion, and it does not constitute financial advice. Individuals are encouraged to conduct their own research before making any financial decisions.

Conclusion

The StarkNet airdrop is a great opportunity for Ethereum users to get some free tokens and to join the StarkNet community. StarkNet is a revolutionary layer-2 network that promises to bring scalability, security, and privacy to Ethereum. By claiming your STARK tokens from the StarkNet airdrop, you will be able to enjoy the benefits of StarkNet and to shape its future.

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