Binance has announced trading support for Starknet (STRK), with spot trading for the native token of the Ethereum layer-2 platform going live on February 20, 2024 and 13:00 UTC. Starknets STRK distribution opens at 12:00 UTC.

According to Binance, trading support for STRK will offer four initial spot pairs STRK/BTC, STRK/USDT, STRK/FDUSD and STRK/TRY. The exchange will also apply the seed tag to the Starknet token, implying the new trading pairs are relatively volatile as trading commences amid the high airdrop anticipation across the community.

Meanwhile, Binance will also support Starknets airdrop distribution, offering this service to its ETH staking customers.

As a ZK-Rollup L2 network, Starkent allows for massive scaling for decentralized applications (dApps) on Ethereum, all without compromising on the security. STRK is the Starknet ecosystems governance token and will also be used in the payment of transaction fees and for network validators.

Last week, the Starknet Foundation announced the first phase of STRK token distribution targeting eligible users will commence on February 20.

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As Invezz highlighted, the airdrop distribution will see over 1.3 million wallet addresses receive 700 million STRK tokens. Eligible users set to benefit from the airdrop include Starknet users (who will receive 50% of the airdrop), Ethereum stakers, Starknet developers, EIP authors, and Protocol guild members.

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Starknets Provisions Program has allocated a total of 1.8 billion STRK tokens to the airdrop and the team is looking to introduce new programs and opportunities for those likely to miss the first phase.

The opportunities will be made available shortly the Starknet Foundation posted on X as it reminded its community of the STRK Provisions launch at 12pm UTC on February 20.

Other crypto exchanges, including Bitfinex, OKX, Bitget, MEXC, KuCoin, HTX, Bybit, and BitMEX, have also announced trading support for STRK.

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Binance to list Starknet (STRK), support airdrop distribution - Invezz