#Write2Earn‬ EXCITING TIMES AHEAD: #STARKNET ’S #STRK TOKEN #AIRDROP UNVEILED #Ethereumnetwork $ETH

Starknet is gearing up to introduce its very own token, STRK, with an airdrop scheduled for February 20th. This airdrop will distribute 728 million tokens to about 1.3 million wallets, offering users a chance to get their hands on the cryptocurrency for free.

As a Layer 2 scaling solution on Ethereum, Starknet focuses on boosting the performance of decentralized applications. The excitement surrounding the token is palpable, with pre-debut futures listed on decentralized Aevo hinting at a potential market capitalization exceeding $1 billion.

At present, the STRK/USD pre-launch perpetual futures are trading at $1.65 on Aevo, indicating a market cap of $1.2 billion. This calculation is derived from multiplying the circulating coin count (728 million) by the prevailing market price of the contract ($1.65).

The impending airdrop, distributing 728 million tokens, constitutes almost 7% of the total supply. Consequently, the pre-listing price of $1.65 implies a fully diluted market cap (FDV) surpassing $16 billion. FDV provides an estimate of the market cap once all tokens in the project are in circulation.

Julian Koh, co-founder and CEO of Aevo, expressed the market's enthusiasm for Starknet, labeling it as the most recognized ZK chain.

Aevo initiated the listing of the STRK/USD pre-launch contract recently, enabling traders to speculate on the token's anticipated debut price. These pre-listing perpetual futures operate similarly to "I owe you" (IOU) futures offered by some exchanges. Upon the token's launch, these perpetuals will reference the STRK price and gather funding rates from traders to maintain perpetual prices in line with the token's spot price.