Ethereum Layer-2 Starknet token holders have completed voting on mainnet token staking after several months of discussions.
Token Staking Voting
The voting went live on September 10, and token holders voted on several staking specifications. 98.94% of participants voted in favor, 0.61% voted against, and 0.45% abstained.
New Developments in Starknet
Users holding more than 20,000 STRK can now stake their tokens on the mainnet for rewards. Additionally, modifications were made to token minting mechanisms. These changes have been highly anticipated by the web3 community. On September 9, Starknet announced its first community governance voting and partnered with Snapshot X to enhance the governance process.
Starknet (STRK) Token Price Overview
In the last 24 hours, the price of the Starknet token saw a slight increase of 1.12%, according to CMC data. However, daily trading volume decreased by 16.13%. At the time of writing, the token was trading at $0.3982. Over the past week, there was a modest price dip of 2.42%. The token hit a weekly high of $0.4442 on September 7, followed by a decline. Meanwhile, other cryptocurrencies like Bitcoin and Ethereum also faced challenges in maintaining positive momentum.
Starknet has made a significant milestone with the official approval of mainnet token staking. This is expected to attract community interest and have a positive impact on the network's development.
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