Starknet Foundation Launches 5 Committees To Drive Decentralization And Innovation
Starknet Foundation Launches 5 Committees To Drive Decentralization And Innovation
Discover the Five Committees Powering Starknet’s Decentralized Ecosystem. Learn how Provisions, Grants, Partnerships, Governance, and Onboarding Committees are building a fair, transparent, and innovative network. In November 2022, the Starknet Foundation was launched to advance Starknet’s mission of building a decentralized and permissionless Layer 2 (L2) Validity Rollup.
The Provisions Committee is responsible for overseeing the fair and transparent distribution of the Starknet ecosystem token, STRK, which will serve as the staking token for participation in the network’s consensus mechanism, as well as the network’s governance and gas token. The Early Adopter Grants Committee provides grants to innovative teams building on-chain applications on Starknet, while the Developer Partnerships Committee fosters and oversees strategic developer partnerships critical to Starknet’s success. The committees will operate under routine evaluations, with adjustments and amendments made as necessary.
