{"id":25011,"date":"2023-12-12T17:36:39","date_gmt":"2023-12-12T17:36:39","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/starknet-allocates-10-of-network-fees-to-developers\/"},"modified":"2023-12-12T17:36:39","modified_gmt":"2023-12-12T17:36:39","slug":"starknet-allocates-10-of-network-fees-to-developers","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/starknet-allocates-10-of-network-fees-to-developers\/","title":{"rendered":"Starknet allocates 10% of network fees to developers"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/starknet-logo-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/starknet-logo-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/starknet-logo-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/starknet-logo-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Starknet to distribute 10% of network fees to developers in \u2018Devonomics\u2019 pilot.<\/li>\n<li dir=\"ltr\">dApps developers to receive 8% and core developers 2% of $1,600 ETH, or $3.5 million.<\/li>\n<li dir=\"ltr\">Starknet recently announced an upcoming airdrop.<\/li>\n<\/ul>\n<p dir=\"ltr\">Starknet Foundation and StarkWare, the developer of layer-2 Ethereum platform Starknet, has announced a pilot program that will incentivise developers via a $3.5 million total payout.<\/p>\n<p dir=\"ltr\">According to Starknet\u2019s\u00a0<a href=\"https:\/\/www.starknet.io\/en\/posts\/developers\/starknet-launches-the-devonomics-pilot-program\" target=\"_blank\" rel=\"noopener noreferrer\">blog post<\/a>\u00a0on Tuesday, the pilot program is dubbed \u201cDevonomics.\u201d With it, early Starknet developers will receive 1,600\u00a0<a href=\"https:\/\/coinjournal.net\/ethereum\/\">ETH<\/a>\u00a0accounting for 10% of all network fees.<\/p>\n<p dir=\"ltr\">Beneficiaries are those to have contributed to the platform\u2019s activities and growth since its launch in November 2021 up to November 30, 2023. Developers are to be rewarded for operating and developing the Starknet network, as well as to empower them for governance decisions.<\/p>\n<p dir=\"ltr\">The program also seeks to incentivise developers to maintain and secure the blockchain platform through staking, Starkware noted.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Exciting News!<a href=\"https:\/\/twitter.com\/StarknetFndn?ref_src=twsrc%5Etfw\">@StarknetFndn<\/a> + <a href=\"https:\/\/twitter.com\/StarkWareLtd?ref_src=twsrc%5Etfw\">@StarkWareLtd<\/a> are introducing Devonomics, a cool new program specifically for Starknet devs.<br \/>Devonomics gives them 1,600+ ETH ($3.5M+), that\u2019s \u224810% of all Starknet fees from launch until Nov 30th. <\/p>\n<p>Devonomics has 3 goals:<br \/>1\ufe0f\u20e3 Reward devs for\u2026 <a href=\"https:\/\/t.co\/GvhIhwVjwG\">pic.twitter.com\/GvhIhwVjwG<\/a><\/p>\n<p>\u2014 Starknet \ud83e\udd87\ud83d\udd0a (@Starknet) <a href=\"https:\/\/twitter.com\/Starknet\/status\/1734599762760925246?ref_src=twsrc%5Etfw\">December 12, 2023<\/a><\/p>\n<\/blockquote>\n<h2 dir=\"ltr\">8% to dApp developers and 2% to core developers<\/h2>\n<p dir=\"ltr\">In particular, developers will have a share of over 1,600 ETH. Over 1,200 ETH, or 8% of the fees will be distributed to developers of decentralised applications (dApps).<\/p>\n<p dir=\"ltr\">Meanwhile, 300 ETH, or about 2%, will go to Core Developers, a group that includes devs that write code for provers, sequencers, full nodes, and long-term storage providers among others. While the initial distribution is in ETH, all future rewards will be in the native STRK token.<\/p>\n<p dir=\"ltr\">Starknet Foundation\u2019s launch of Devonomics adds to several other initiatives aimed at empowering key network stakeholders.<\/p>\n<p dir=\"ltr\">Past initiatives include an early adopter grant (EAG) program, a <a href=\"https:\/\/coinjournal.net\/news\/starknet-foundation-announces-50m-strk-reward-program-for-early-ecosystem-contributors\/\">50 million early community member program (ECMP)<\/a>, developer partnerships (DPs) and grants to individual contributors.<\/p>\n<p dir=\"ltr\">Today\u2019s announcement also comes a few days after Starknet confirmed plans for a potential 1.8 billion STRK airdrop.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/starknet-allocates-10-of-network-fees-to-developers\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Starknet to distribute 10% of network fees to developers in \u2018Devonomics\u2019 pilot. dApps developers to receive 8% and core developers 2% of $1,600 ETH, or $3.5 million. Starknet recently announced an upcoming airdrop. Starknet Foundation and StarkWare, the developer of layer-2 Ethereum platform [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":25012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25011"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25011"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25011\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25012"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}