How To Claim Arbitrum ARB Token Airdrop Eligibility, Date, Process
The official release did not include any information regarding which crypto exchanges will be listing the ARB token. However, it is reasonable to assume that major trading platforms like KuCoin, Coinbase, Kraken, Binance exchange and others will promptly list the token as soon as it’s made available. The same thing has been observed with other Layer-2 scaling solution tokens, such as Optimism’s OP token, which is presently trading on a number of different reputed exchanges. The first thing to do to participate in Arbitrum Airdrop is to visit the Arbitrum airdrop page, where you can connect your wallet with the Connect Wallet 7 explosive cryptocurrencies to buy for the bitcoin halvening altcoins option. The connected wallet allows you to collect the airdrop tokens and carry out other activities and transactions on the platform.
Utility of Arbitrum (ARB) Token
On the high end of the spectrum, just over 4,400 addresses will be eligible to claim the maximum amount at 10,250 ARB tokens. To start with the verification process, visit Arbitrum’s official airdrop page and connect your crypto wallet which you have used on the Arbitrum network. Using a fresh new wallet will not work as it won’t be a part of the snapshot taken.
Arbitrum Airdrop Guide — How to Get Arbitrum Airdrop?
Most early Arbitrum adopters have been allotted 625 ARB tokens, which correlates to a rough total airdrop value of $400 and $1,250. Arbitrum’s highest allocation per address is 10,250 ARB tokens, and it is anticipated that 4,400 crypto wallets will be eligible for the ARB tokens, receiving between $6,500 and $20,600 in tokens. A points system was used to determine the number of tokens that airdrop recipients can claim. Points criteria was focused primarily on Arbitrum One; however, there was a small subset of criteria applied to activity on Arbitrum Nova. Points earned cryptocurrency exchange archives on Arbitrum Nova could either bring a user up to 4 points total, or give them one additional point if they had already scored 4 points or more on Arbitrum One. You earn maximum one point per qualifying action performed before the snapshot date.
Votes are token-weighted, meaning the more tokens you have, the more influence your vote has. On March, 23, 2023, 1.162 billion ARB tokens will be airdropped to individual wallets, representing 11.62% of the total token supply of the ARB token, which sits at 10 billion tokens. To qualify for the airdrop, you need to have interacted with the Ethereum network before Feb 6, 2023 (check the official announcement for more details).
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- The Arbitrum community will have control of 56% of the 10 billion tokens, while 11.5% will be airdropped to eligible Arbitrum users.
- On the high end of the spectrum, just over 4,400 addresses will be eligible to claim the maximum amount at 10,250 ARB tokens.
- Wallets identified as a sybil address under Hop Protocol’s Bounty Program, were also completely disqualified from receiving the airdrop.
- This will help Arbitrum officially launch its native token and spearhead its circulation to early adopters.
- The criteria for eligibility were focused on various actions taken by users on these networks, and the airdrop token allocation was determined based on the number of points earned.
- Most early Arbitrum adopters have been allotted 625 ARB tokens, which correlates to a rough total airdrop value of $400 and $1,250.
ARB holders can vote on key decisions that will govern Arbitrum One and Arbitrum Nova with the introduction of the ARB token. This article will try to introduce the details of Arbitrum airdrop eligibility and how to claim it. The Arbitrum airdrop is a strategy that Arbitrum will use to distribute its ARB tokens to its users. This will help Arbitrum officially launch its native token and spearhead its circulation to early adopters.
A single address is permitted to receive a maximum of only 10,200 tokens. As Arbitrum airdrop its token, it’s important that you tread with caution while claiming your ARB tokens to avoid falling prey to ARB airdrop scams. It’s not uncommon for scammers to use airdrops to phish users through spoof websites as well as other schemes. This distribution to protocols sought to create a more diverse base of ARB token holders to further decentralize the chain across the team, investors and individual users. Moreover, as protocols directly build on the chain, protocols could propose changes from the perspective of builders to the benefit of all users of Arbitrum. The median airdrop size is 1,250 ARB tokens, with more than 245,000 addresses, out of the total 625,143 eligible addresses, falling into this range.
As the airdrop date approaches, it is necessary to exercise caution, particularly if you are eligible, to ensure you are using the right method and not falling prey to scammers. Furthermore, Arbitrum is attempting to encourage more users to join its ecosystem by stating its intention to initiate more airdrops for users who continue to use the Arbitrum ecosystem. You must use an Ethereum wallet compatible with the Arbitrum token; that is, the wallet must be compatible with ERC-20 tokens. Arbitrum’s recommended wallets are Rainbow, Coinbase Wallet, Metamask, WalletConnect, Trust Wallet, and LedgerLive.
In addition, 1.1% will be allocated to the DAOs that manage the Arbitrum ecosystem. The rest of the tokens will go to a treasury that the Arbitrum DAO will manage. A further 44% of ARB’s circulation how to buy ethereum in the uk will go to the employees and investors of Offchain Labs who first developed Arbitrum.
The main objective of an airdrop is to create awareness of the new token, to boost circulation, and to decentralize the token holders. A separate distribution was allocated for DAOs that are building applications in the Arbitrum ecosystem, as well as the Protocol Guild, a collective of Ethereum contributors. In putting together this criteria we worked with Nansen and analyzed on-chain data to determine how many tokens each DAO community was granted. The goal of using a broad variety of criteria was recognizing that Arbitrum is home to a diversity of projects that have different KPIs and user interactions.
Go back to the homepage of your Arbitrum wallet, click “+” to check the received $ARB under “All My Assets”, and click “+” to add the token to the homepage of your wallet. To claim the Arbitrum airdrop, you need to be eligible based on the points you earned according to the criteria outlined by the team. If you are eligible, you can follow the steps below to claim your Arbitrum airdrop. Looking closely at the distribution, 113 million ARB tokens will also be distributed to DAO treasuries of protocols building on Arbitrum.
As with many crypto airdrops, Arbitrum aims to reward its early users, since only those who have interacted with the ecosystem to a specified extent up until February 16, 2023, can benefit from it. It is important to note that point scores were capped at 15, and users could earn a maximum of one point per qualifying action performed before the snapshot date. Also, points earned on Arbitrum Nova could either bring a user up to 4 points total, or give them one additional point if they had already scored 4 points or more on Arbitrum One. The Arbitrum(ARB) token is an ERC-20 governance token used to participate in Arbitrum DAO’s on-chain governance. The token is minted on Arbitrum One, a Layer 2 Arbitrum rollup chain, and managed by the DAO, which governs both Arbitrum One and Arbitrum Nova chain protocols. Owning $ARB tokens allows you to vote on Arbitrum One and Arbitrum Nova chain governance proposals, such as chain upgrades and the use of the DAO Treasury funds.
Team and Investor Allocations
However, all employee and investor tokens will be subject to vesting schedules and lock-up periods. Additionally, Arbitrum supports the Ethereum Virtual Machine (EVM). This means that Ethereum decentralized finance (DeFi) developers can easily link their decentralized applications (DApps) with Arbitrum without making any changes to their apps. Open your Arbitrum wallet, switch to the browser page and click “Arbitrum airdrop”. One way to avoid being scammed is to make sure you only access Arbitrum’s airdrop through the Arbitrum Foundation, the official site for the project.
