Starkware deployed its native token STRK on the Ethereum network. The STRK token is currently in a “no-trade status” and it “will remain in place until further notice by the StarkNet Foundation,” Starkware wrote in a Nov. 16 blog post. A date for when trading will start has not been released.

The countdown for vesting, or locked tokens to Starkware investors and core contributors has not started even though the token has been deployed, Starkware spokesperson Nathan Jeffay told The Block. The STRK token will be used for paying transaction fees, governance, and staking on its network.