Starknet to hand 10% of network fees to devs, with $3.5M in first distribution

The Devonomics initiative from the Starknet Foundation aims to return a portion of network fees to incentivize developers.

Layer-2 network StarkWare and the Starknet Foundation are set to distribute a 10% cut of network fees to developers, a part of a pilot program called “Devonomics.” 

In an announcement shared with Cointelegraph on Dec. 12, StarkWare CEO Uri Kolodny said it was allocating a portion of the network fees, provisionally 8%, to decentralized app builders and 2% to infrastructure engineers and core developers through a transparent and open voting process.

“It’s all about giving the hands-on builders a strong voice in shaping the network,” explained Kolodny.

Read more

bitcoin
Bitcoin (BTC) $ 106,500.53
ethereum
Ethereum (ETH) $ 2,440.63
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 651.41
xrp
XRP (XRP) $ 2.20
solana
Solana (SOL) $ 148.28
dogecoin
Dogecoin (DOGE) $ 0.16024
matic-network
Polygon (MATIC) $ 0.182988
chainlink
Chainlink (LINK) $ 13.07
shiba-inu
Shiba Inu (SHIB) $ 0.000011
nexo
NEXO (NEXO) $ 1.22
enjincoin
Enjin Coin (ENJ) $ 0.063509
cardano
Cardano (ADA) $ 0.552723