Starknet is a developing decentralized protocol and the economic mechanisms described herein are subject to change based on decisions made by the larger community of Starknet builders and users. Starknet relies upon third parties to adopt and implement software and protocols as users and contributors of Starknet. It also relies, in whole or partly, on third parties to develop, supply and otherwise support it. There is no assurance or guarantee that such third parties will continue to participate in the network or that the network will continue to function as intended.
The technical documents provided herein describe certain planned and specified economic fundamentals of a digital asset, STRK. These materials are intended for informational purposes only and are meant to outline the usage and functionalities of the asset within Starknet. It is important to understand that the primary purpose of STRK is to pay for fees, provide a mechanism for securing consensus, and allow for decentralized governance on Starknet; it is not intended to serve as an investment.
Starknet relies upon third parties to adopt and implement the software and protocols as users of Starknet. It also relies, in whole or partly, on third parties to develop, supply and otherwise support it. As a Layer 2 network over Ethereum, Starknet also relies upon third parties maintaining and operating the Ethereum network. There is no assurance or guarantee that those third parties will complete their work, properly carry out their obligations, and/or otherwise meet anyone’s needs.
STRK, as the native token of Starknet, may be subject to the risks of the Starknet network, including, without limitation, the following: (i) the technology associated with Starknet may not function as intended; (ii) the details of the Starknet token economics including the total supply and distribution schedule may be changed due to decisions made by the consensus of participants of the Starknet network; (iii) Starknet may fail to attract sufficient interest from key stakeholders or users; (iv) Starknet may not progress satisfactorily and Starknet tokens may not be useful or valuable; (v) Starknet may suffer from attacks by hackers or other individuals; and (vi) Starknet is comprised of open-source technologies that depend on a network of computers to run certain software programs to process transactions, and because of this model StarkWare and the Starknet Foundation have limited control over Starknet.
Risks related to blockchain technology in general and Starknet in particular may impact the usefulness of Starknet, and, in turn, the utility or value of STRK. The software and hardware, technology and technical concepts and theories applicable to Starknet and STRK are still in an early development stage and unproven, there is no warranty that Starknet will achieve any specific level of functionality or success, nor that the underlying technology will be uninterrupted or error-free, and there is an inherent risk that the technology could contain weaknesses, vulnerabilities or bugs causing, potentially, the complete loss of any Starknet tokens held by Starknet users.
As with most commonly used public blockchains, STRK is accessed using a private key that corresponds to the address at which they are stored. If the private key, or the "seed" used to create the address and corresponding private key are lost or stolen, the tokens associated with that address might be unrecoverable and will be permanently lost.
Public blockchain-based systems, including Starknet and the underlying Ethereum network, depend on independent verifiers, and therefore may be vulnerable to consensus attacks including, but not limited to, double-spend attacks, majority voting power attacks, race condition attacks, and censorship attacks. These attacks, if successful, could result in the permanent loss of STRK.
Starknet, STRK, and blockchain technology are nascent, and there may be additional risks not described above or that may be new or unanticipated. We recommend only using Starknet or holding STRK if you are familiar with the technology and aware of the risks.
This document and its contents are not, and should not be construed as, an offer to sell, or the solicitation of an offer to buy, any tokens, nor should it or any part of it form the basis or be relied on in connection with any contract or commitment whatsoever. This document is not advice of any kind, including legal, investment, financial, tax, or any other professional advice. Nothing in this document should be read or interpreted as a guarantee or promise of how the Starknet network or its STRK will develop, be utilized, or accrue value.
All information in this document is provided on an “as is” basis without any representation or warranty of any kind. This document only outlines current plans, which could change at the discretion of various parties, and the success of which will depend on many factors outside of Starknet Foundation’s control. Such future statements necessarily involve known and unknown risks, which may cause actual performance and results in future periods to differ materially from what we have described or implied in this document. StarkWare and the Starknet Foundation disclaim all warranties, express or implied, to the fullest extent permitted by law with respect to the functionality of Starknet and STRK.
