Key Takeaway:
David Garai steps down as CEO of Nostra, a Starknet-powered crypto project, shortly after the launch of the native token, NSTR. Nostra is a platform for lending, borrowing, swapping, and bridging crypto. The project’s token launch had 100% of the total supply unlocked during the event. Garai’s resignation coincided with a decrease in NSTR price.
Head of Product to lead Nostra team
David Garai resigns as CEO of Nostra, with Richard Thomas-Pryce taking over as the day-to-day lead. Thomas-Pryce and the team are ready to continue development, focusing on building the product suite for the Super App, including Nostra Earn and STRK liquid staking. Nostra aims to maintain its position as a frontrunner in the industry.
Nostra token price drops after news
Nostra launched with 100 million NSTR tokens, with various allocations including for the community, treasury, future airdrops, investors, and the team. The market cap is currently at $9.62 million, with a price around $0.096. Garai’s resignation led to a 4% decline in NSTR’s price, which reached a high of $0.21 on June 17.
