Coinspeaker
Nearly 2,000 Eligible Starknet Airdrop Participants Wiped Out, What’s Going On?
Starknet’s airdrop event is generating buzz for all of the wrong reasons. Banteg, a developer at Yearn Finance, tweeted that approximately 1,854 GitHub ID accounts have disappeared from the list of eligible developers for the Starknet airdrop.
1,854 Mysterious Airdropees’ Github ID Accounts Vanish
According to the astute Web3 developer, there are irregularities regarding the eligibility of open-source developers for the airdrop. Consequently, accounts were either renamed or deleted shortly after the blockchain activity snapshot was taken.
The airdrop, expected to occur on February 20, will see the scaling solution release 700 million STRK native tokens to 1.3 million eligible wallet addresses. 50% of the 700 million STRK tokens will be directly forwarded to protocol users, including open-source developers with a GitHub ID.
went through all starknet airdropees and found 1854 people who have either renamed or deleted their account since the activity snapshot.
around half of the names are squatted, but squatters stand no chance. i will personally ensure you steal zero coins from the real devs.
— banteg (@bantg) February 15, 2024
Banteg believes the illegal GitHub IDs could likely be the work of airdrop hunters (squatters) who want to earn free tokens from the protocol.
According to the developer, about 1,175 out of the 1,854 accounts had duplicate Github IDs. As a result, these developers could receive double allocations once the airdrop is launched. To counter their plan, Banteng created a pull request and uploaded a new repo that contained two JSON files (one for the old lists and another for the updated list.)
fixed starkware airdrop
this pull request renames devs i could id to their actual usernames, as well as removes squatters and deleted accounts .
finding past usernames was very tricky. i had to use the dataset of all public events on bigquery.https://t.co/WHY9LIYGHI
— banteg (@bantg) February 15, 2024
According to him, the new repository also addresses squatter accounts created recently.
Strict Starknet Airdrop Eligibility Criteria
Airdrops are a popular means for a blockchain project to create hype around its protocol and reward early users and backers. The technique is regularly used by several Web3-based decentralized applications (dApps) and usually consists of token releases to eligible wallet addresses.
In the case of Starknet, many users stand a chance to receive the STRK token airdrop. The eligibles include Starknet users, community members, Starknet developers, StarkEx users, Ethereum developers, Ethereum stakers, and many others. Also, Ethereum Protocol Guild and GitHub developers fall under the accepted groups.
The situation brought forward by Banteg involves the eligibility of GitHub and other open-source developers. According to the Provisions portal, developers must submit their Starknet or Github ID to access the airdrop. To be eligible, a developer must consistently contribute to a Starknet-related, Ethereum-related, or Github-related repository.
Launched in December 2022, Starknet is an Ethereum-based L2 blockchain comprising 15 dApp protocols spanning lending, decentralized exchange (DEX), and social finance (SoFi). It currently holds $54.83 million in total value locked (TVL), according to DeFiLlama.
Nearly 2,000 Eligible Starknet Airdrop Participants Wiped Out, What’s Going On?
