The STARLINK community on X Layer opened a community donation charity fund at 9:00 on Sept. 11, according to an official announcement cited by BlockBeats. The meme token launched on Sept. 9 through Ignix, a general launch platform on X Layer, with liquidity paired against SPCX. Its trading taxes flow into a treasury and are distributed to holders in SPCX. At press time, the token’s market capitalization had exceeded $7.5 million.
The project said the charity fund uses a fixed address and a multi-signature wallet. Donated token principal will not be spent. Instead, actual expenditures will come only from dividends generated by those holdings. The stated use of funds is to purchase Starlink satellite internet equipment and deploy it in areas without network coverage, including disaster-hit regions and connectivity blank spots.
The team also said all fund inflows and outflows can be checked on the X Layer blockchain. It plans to keep publishing donor lists, receipts for each equipment purchase, deployment locations, and reconciled records covering dividend income and the number of devices deployed. As of publication, the donation address had received 350 million STARLINK, worth about $2.84 million.
According to an official announcement cited by BlockBeats on Sept. 11, the STARLINK community on X Layer opened a community donation charity fund at 9:00.
STARLINK launched on Sept. 9 on Ignix, a general launch platform on X Layer. The token was paired with SPCX for liquidity, and its trading taxes are sent to a treasury before being distributed to holders in the form of SPCX. At press time, STARLINK’s market capitalization had exceeded $7.5 million.
How the fund is structured
The announcement said the fund is managed through a fixed address and a multi-signature wallet. Donated token principal will remain untouched, while actual spending will come only from dividends generated by those holdings.
Those proceeds are designated for the purchase of Starlink satellite internet equipment and for deployment in areas without network coverage, including disaster-hit areas and network blank spots.
On-chain disclosure and donation totals
The project said all fund inflows and outflows can be verified on the X Layer blockchain. It also said it will continue to publish the donor list, receipts for each equipment purchase, device deployment locations, and reconciled records for dividend income and the number of devices deployed.
As of publication, the donation address had received a cumulative 350 million STARLINK, worth about $2.84 million.
About Ignix
Ignix is described as a general launch platform on X Layer. It supports creators in setting custom buy and sell tax rates at launch, choosing treasury templates, and linking AI Agent launches.
BlockBeats warned that the token remains highly volatile and carries significant uncertainty, and said users should be cautious with investment decisions.
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