Starknet Foundation and StarkWare have revealed their plan to distribute 10% of network fees to developers through a pilot program named “Devonomics.” Under this initiative, early developers of the Starknet platform will collectively receive 1,600 ETH, valued at approximately $3.5 million. The program aims to reward and empower developers who have contributed to the growth and activities of the network since its launch in November 2021.
Furthermore, the program seeks to incentivize developers to engage in maintaining and securing the blockchain platform through staking. The 10% of all network fees will be distributed with 8% going to developers of decentralized applications (dApps) and 2% allocated to core developers.
Starknet Foundation’s ‘Devonomics’ pilot program adds to the initiatives aimed at empowering key network stakeholders, including the recent announcement of a potential 1.8 billion STRK airdrop.
Frequently Asked Questions
What is Devonomics?
Devonomics is a pilot program by Starknet Foundation and StarkWare, aiming to allocate 10% of network fees to developers who have contributed to the activities and growth of the Starknet platform since its launch in November 2021.
How will the rewards be distributed?
Of the 10% allocated to developers, 8% will go to dApp developers, and 2% will be allocated to core developers.
What are some of the other initiatives by Starknet Foundation?
Past initiatives by Starknet Foundation include the early adopter grant (EAG) program, a 50 million early community member program (ECMP), developer partnerships (DPs), and grants to individual contributors.