-150% Bonus
- Scalability and Integrity. StarkNet supports scale, while preserving the security of L1 Ethereum by producing STARK proofs off-chain, and then verifying those proofs on-chain.
- General Purpose. On StarkNet, developers can easily deploy any business logic using StarkNet Contracts.
- Composability. StarkNet provides Ethereum-level composability – facilitating easy development and innovation.
What are the purpose of the STRK token？
The Starknet token is the mechanism for paying fees to enable operation of the network, maintaining and securing the network by enabling staking for consensus, and deciding on Starknet's values and technology goals by voting for governance proposals.
- Transaction fees: Originally, fees in Starknet were paid only in Ether (ETH). As of v.0.13.0, fees for transactions on the network can be paid for using the Starknet token, as well as Ether.
- Staking: Certain services that are critical to the liveness and security of Starknet may require the staking of Starknet tokens. These services might be offered by multiple providers, and could include sequencing, reaching temporary L2 consensus before L1 finality is reached, STARK-proving services, and data availability provisioning, to name a few examples. These protocol changes are still under discussion within the larger governance community and are targeted for 2024 -2025.
- Governance: Proposals for improving Starknet might require a minimal token support threshold. Voting, either directly or via delegation, will be required for changes to the protocol that are essential to Starknet's liveness, security, and maintenance.
