The Starknet Foundation, the entity in the assist of the Layer 2 community Starknet, has announced an early neighborhood member program to incentivize builders and contributors in its ecosystem.

In a blog post on Monday, the Foundation said it had earmarked 50 million STRK tokens for the initiative, to reward participants who performed a fair in supporting the community from early on.

“This program isn’t stunning about lines of code; it’s about every particular person that plays a allotment in pushing our ecosystem ahead,” said the Foundation.

To that close, they highlighted that the first allotment of this system will reward no longer stunning builders, but additionally those that contributed to technical discourse, organized events true via the enviornment and customarily revealed Starknet branded pronounce material.

The neighborhood members would possibly perhaps be assessed in conserving with the stage of affect, importance, effort and originality for their eligibility to lift half in this system. Applications will delivery on Nov. 19 and decisions would possibly perhaps be announced on Dec. 29.

It is price noting that these STRK tokens which would possibly perhaps well perhaps be up for distribution will remain locked until April 2024, which manner market participants and token holders won’t be in a position to search out out the designate of their assigned rewards until then.

Earlier this month, a Starknet spokesperson suggested The Block that the resolution to push the lockup date by a few months became allotment of the group’s give consideration to building the technology, which would possibly perhaps well perhaps contain updates to the roadmap as and when wanted.

Starknet is in the intervening time the seventh largest Layer 2 community with $137 million in Complete Worth Locked (TVL) as per data from L2beat.