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Profile· Untrusted@StarknetOn Ethos
Starknet

Starknet

430 reviews, 19% of them positive.19% positive · 430 reviews· Influence factor 98, above 19% of accounts

The record

From 44 activities · Apr 2026

Starknet is a ZK-rollup with solid technology—STARK proofs, Cairo language, low fees, and account abstraction—but faces severe community backlash centered on its airdrop distribution. The snapshot criteria excluded active users who lacked ETH balance despite using the network, and dismissive team communication (notably calling community members "e-beggars") fractured trust. Post-TGE, the token price collapsed dramatically, user activity dried up, and the project is widely perceived as having prioritized insiders over genuine supporters, leaving it labeled a "ghost chain" despite its technical merit.

“Story Tale of Neglect and Collapse”I initially had high hopes for Starknet, especially after their much-hyped airdrop. The airdrop itself was genuinely impressive generous allocations, for me personally, smooth distribution, and a lot of excitement around the project’s potential in the L2 space. At the time, it felt like Starknet was poised to become a major player, with their focus on scalability and ZK-proofs. I received over 11,000 $STRK tokens, which, at their peak, were valued at over $30,000. It was an exciting moment, and I was optimistic about the ecosystem’s future. However, what followed can only be described as a maddening downward spiral that has left me, and likely many others, deeply frustrated. The core issue is Starknet’s apparent lack of support for its ecosystem and token holders. While the team proudly boasts about hiring more developers to “buidl” (as they love to emphasize), the reality on the ground tells a different story. Projects within the Starknet ecosystem are winding down one by one, with little to no visible effort from the Starknet team to support or sustain them. If the team is so focused on building, why aren’t they prioritizing the existing projects that are struggling to survive? It feels like a disconnect between their public narrative and the actual state of the ecosystem. Instead of fostering growth and stability, we’re seeing abandonment, and it’s disheartening. The most egregious issue, however, is the complete lack of token support for $STRK. I watched helplessly as the value of my 11,000+ $STRK tokens (friend of mine still holding 70k $STRK… RIP) plummeted from a high of over $30,000 to a shocking $0.10 per token a near-total collapse. This wasn’t just a market dip; it felt like a straight-up dump with zero intervention or support from the Starknet team. I’ve seen projects with volatile tokens before, but Starknet’s approach (or lack thereof) is on another level of neglect. There’s been no clear communication, no meaningful efforts to stabilize the token’s value, and no apparent strategy to incentivize adoption or utility within the ecosystem. It’s as if the team is content to let $STRK bleed out while they focus on hiring more developers for unclear purposes. The lack of token support isn’t just a financial hit - it erodes trust. For a project that promised so much with its airdrop and vision, the failure to follow through with meaningful ecosystem development or token management is baffling. I’ve held onto my tokens, hoping for a turnaround, but the silence and inaction from Starknet have made it clear that they’re not prioritizing their community or token holders. It’s hard to recommend investing time, let alone money, into a project that seems so detached from its own ecosystem’s health. In summary, while the Starknet airdrop was a great start, the team’s failure to support existing projects and their nonexistent token support have turned what could have been a promising investment into a nightmare. I’m left with tokens worth a fraction of their original value and a bitter taste from a project that seems more focused on optics than delivering for its community. Starknet, please step up and show some accountability - support your projects, stabilize your token, and rebuild the trust you’ve lost.一川drive 🔴 · 2012· 1y ago · negative9
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