What is Starknet (STRK)

1. Project Introduction
A permissionless decentralized Validity-Rollup (also known as "ZK-Rollup"). It operates as an L2 network on Ethereum, allowing any dApp to achieve infinite scalability without compromising Ethereum’s composability and security. StarkWare addresses two of the most pressing issues in permissionless blockchains: scalability and privacy. StarkWare’s cryptographic proofs are zero-knowledge, succinct, transparent, and post-quantum secure.
Summary: StarkWare is one of the "Big Four" Ethereum Layer 2 solutions, attracting significant market attention. It has received public support from the Ethereum Foundation, which provided $12 million in grants to StarkWare. This support is one of the reasons why StarkNet is widely seen as having a promising future and strong legitimacy. StarkNet is a revolutionary zk-rollup running on the Ethereum network. By processing the majority of transactions off the mainnet, StarkNet reduces the load on Ethereum's Layer 1 blockchain, offering faster and more cost-effective transactions.
2. Team & Investment Info
Team: The team has over 80 members, and its core members are well-known in the field. Eli Ben-Sasson, the founding scientist of Zcash and inventor of zkSNARKs, has extensive research and influence in the ZK-Rollup space. Other members include Henri Lieutaud, Head of Developer Relations at StarkNet Foundation, and James Strudwick, Executive Director of StarkNet and former Head of Ecosystem Growth. He previously served as VP of Growth at Mina Foundation and Head of Business Development at Alpaca Finance. He graduated from the University of Bath.
Funding: StarkWare raised $5.5 million in a seed round led by Binance Labs, with participation from Crypto.com, Genblock Capital, Yield Guild Games (YGG), Delphi Digital, Animoca Brands, Hashkey Capital, ExNetwork Capital, Double Peak Group, Mechanism Capital, Alameda Research, and Merit Circle. In a strategic round, StarkWare raised $2.5 million from investors including Hashkey Capital, Merit Circle, YGG SEA, and Avocado Guild.
3. Social Media URLs
X: https://x.com/Starknet
Discord: https://discord.com/invite/QypNMzkHbc
4. Token Info
Token Symbol: STRK
Total Supply: 10,000,000,000
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0xCa14007Eff0dB1f8135f4C25B34De49AB0d42766
17% allocated for StarkWare investors
32.9% allocated for core contributors, including StarkWare and its employees and advisors, as well as Starknet software development partners
50.1% allocated for the Starknet Foundation
For more details, refer to the white paper: https://starknet.io/docs/
5. Related Links
Official Website: https://starknet.io/
LinkedIn: https://www.linkedin.com/company/starknet-foundation/
DefiLlama: https://defillama.com/chain/Starknet
Other Info:
https://www.rootdata.com/Projects/detail/StarkNet?k=Mjc1MQ%3D%3D
Medium: https://medium.com/starkware/starknet/home
GitHub: https://github.com/starkware-libs