token launch

Starknet token distribution not yet finalized, despite speculation over portal screenshots

The Starknet Foundation is warning community members to be on the lookout for scams relating to circulating screenshots of early iterations of a token distribution portal.

The Starknet Foundation has moved quickly to quash speculation around screenshots of early iterations of a distribution portal for the upcoming launch of its native SRTK ecosystem token.

Information shared with Cointelegraph ahead of an announcement on X (formerly Twitter) outlined that the Foundation is still developing plans to distribute the token to certain users, contributors, and investors. The Ethereum layer 2 scaling network previously outlined initial plans for the Starknet token design in July 2022.

Screenshots disseminated online have been labeled “draft plans that are still under development.” A spokesperson from StarkWare told Cointelegraph that details of official criteria and the provision mechanism of STRK tokens will be shared once the company has finalized them:

“The cut-off for any criteria used to determine who may receive tokens or how many tokens is in the past, and no actions or activity now can impact eligibility in any way.”

The company also stressed that community members should be acutely aware of scams that will look to take advantage of any uncertainty around the STRK token distribution.

Related: Ethereum L2 Starknet aims to decentralize core components of its scaling network

A number of different X users reposted screenshots of the early iterations of the Starknet token provisions portal and further information that alluded to certain requirements to receive STRK tokens.

Read more

Starknet token distribution not yet finalized despite speculation over portal screenshots

The Starknet Foundation is warning community members to be on the lookout for scams relating to circulating screenshots of early iterations of a token distribution portal.

The Starknet Foundation has moved quickly to quash speculation around screenshots of early iterations of a distribution portal for the upcoming launch of its native STRK ecosystem token.

Information shared with Cointelegraph ahead of an announcement on X (formerly Twitter) outlined that the foundation is still developing plans to distribute the token to certain users, contributors and investors. The Ethereum layer-2 scaling network previously outlined initial plans for the Starknet token design in July 2022.

Screenshots disseminated online have been labeled “draft plans that are still under development.” A spokesperson from StarkWare told Cointelegraph that details of the official criteria and the provision mechanism for STRK tokens will be shared once the company has finalized them:

“The cut-off for any criteria used to determine who may receive tokens or how many tokens is in the past, and no actions or activity now can impact eligibility in any way.”

The company also stressed that community members should be acutely aware of scams that will look to take advantage of any uncertainty around the STRK token distribution.

Related: Ethereum L2 Starknet aims to decentralize core components of its scaling network

A number of different X users reposted screenshots of the early iterations of the Starknet token provisions portal and further information that alluded to certain requirements to receive STRK tokens.

Read more

LimeWire’s new game simulates music pirating nostalgia and pays in crypto

LimeWire’s retro music downloading game revives the look of its platform from the early 2000s and offers players the chance to win crypto.

A new game aimed at reviving the nostalgia of pirating music with the added bonus of crypto rewards has been launched by former peer-to-peer file-sharing platform turned nonfungible token marketplace LimeWire.

On April 13, the historic music-downloading platform, wildly popular in the early 2000s, was revived and turned to Web3 in the form of a retro music-downloading game themed on the Microsoft Windows XP operating system.

Players need to enter their email addresses to play the browser-based game that prompts them to search for old early 2000s music and movies to download.

The simulation will provide a list of songs or movies from that era for players to choose to “download” within a time limit. Each simulated download that doesn’t contain a simulated “virus” will yield points to the player.

Screenshot from LimeWire’s game. Source: LimeWire

The scores are entered onto a leaderboard with the top players eligible to receive a distribution of LimeWire’s upcoming ERC-20 token, LMWR.

Related: Music NFTs are helping independent creators monetize and build a fanbase

LimeWire was re-launched in mid-2022 as an NFT marketplace with the aim of becoming a leading creator content marketplace and membership platform.

The original file-sharing platform was shut down in 2010 after a federal copyright infringement court case and the LimeWire NFT marketplace has no connection to the original platform or its team.

Cointelegraph contacted LimeWire for further details but did not receive an immediate response.

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