Wallets&Exchanges

Trading for Starknet Token (STRK) starts now + Starknet Provisions Program

We’re thrilled to announce that Starknet Token (STRK) is now available on Kraken!

Funding and trading

STRK funding and trading are live. Add STRK to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. 

Only deposit STRK on Starknet. Deposits using other networks will be lost.

Got STRK and a Kraken account?

STRK is tradeable on Kraken and Kraken Pro with the following parameters:

AssetPairPrice decimal precisionMinimum order sizeMinimum depositSTRKUSD, EUR310.5

Note:  

Trading via Kraken App and Instant Buy will be available once the liquidity conditions are met (when a sufficient number of buyers and sellers have entered the market for their orders to be efficiently matched).

Not available in the United States

Here’s some more information about the token:

Starknet Token (STRK) is the cryptocurrency of Starknet, a layer-two (L2) rollup on the Ethereum network. Starknet leverages its unique zero-knowledge proof (ZK-proof) technology, STARK, for processing and authenticating transactions. The native cryptocurrency of Starknet is referred to as STRK, which is integral to the Starknet L2 ecosystem.

Ready to trade but don’t have a Kraken account yet? Sign up today

STRK token distribution

Kraken clients who staked their ETH tokens at the time of the Ethereum Merge snapshot (timestamp: Sep-15-2022) may be eligible to receive STRK tokens.

The eligibility for the Starknet Provisions Program depends on meeting the minimum receivable of 1 STRK. Tokens below this threshold will not be credited 

Distribution ratio is equal to ~17.97 STRK per 1 ETH staked 

Geographic restrictions also apply, STRK is not available for the residents of the United States.

Further details on the distribution will be shared in a separate announcement.

Please contact our support team if you wish to opt out of the token distribution.

Useful links

Notice Regarding the Starknet Provisions Program | Kraken Support Center

Introducing the Starknet Provisions Program 

Will Kraken make more assets available?

Yes! But our policy is to never reveal any details until shortly before launch – including which assets we are considering. All of Kraken’s available tokens can be found here, and all future tokens will be announced on Kraken’s blog and social media profiles. Our client engagement specialists cannot answer any questions about which assets we may be making available in the future. 

Trade with caution

There is no guarantee that a limit order will execute. There is also no guarantee a market order will execute at a certain price. The availability and liquidity of the particular digital asset will impact these types of orders.

These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any crypto asset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular crypto asset it makes available. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the crypto asset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your crypto assets and you should seek independent advice on your taxation position. Geographic restrictions may apply.

The post Trading for Starknet Token (STRK) starts now + Starknet Provisions Program appeared first on Kraken Blog.

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