Arbitrum Launches ARB Governance Token Airdrop: What You Need to Know

03/23/2023 04:34 • Blockchain Buzz • 128 views

On March 23rd, Delphi Digital, a cryptographic research institute, said on Twitter that within less than 24 hours, Arbitrum will launch an ARB governance token airdrop, with approximately 625000 wallets eligible. In Arbitrum’s distribution model, more than 135000 wallets have been identified as witch wallets. According to the previously disclosed allocation plan, Arbitrum will allocate 12.75% of the token supply, or 1.275 billion tokens, to community members and DAOs in the ecosystem.

Delphi Digital: There are over 135000 witch wallets in the Arbitrum distribution model

If you’re a crypto enthusiast or a blockchain investor, you might have heard about the latest news from Delphi Digital, a renowned cryptographic research institute. According to them, Arbitrum is all set to launch an ARB governance token airdrop within the next 24 hours, and more than 625,000 wallets will be eligible to receive it. In this article, we’ll dive deep into Arbitrum’s distribution model, how many wallets are identified as witch wallets, and the allocation plan disclosed by Arbitrum.

What is Arbitrum?

Before we dive into the airdrop, let’s take a moment to understand what Arbitrum is. Arbitrum is a layer 2 scaling solution that aims to tackle the scalability issues faced by blockchain networks like Ethereum. It uses a unique technology called Optimistic Rollups that can support thousands of transactions per second, enabling faster and cheaper transactions.

The ARB Governance Token Airdrop

According to Delphi Digital, Arbitrum is launching an ARB governance token airdrop within the next 24 hours. Arbitrum’s distribution model is unique, as it uses witch wallets to identify eligible participants. In total, more than 135,000 wallets have been identified as witch wallets, and approximately 625,000 wallets are eligible to receive the airdrop.

Arbitrum’s Allocation Plan

Arbitrum’s previously disclosed allocation plan details how the 1.275 billion tokens will be distributed to community members and DAOs in the ecosystem. The 12.75% of the total token supply will be allocated as follows:
– 15% allocated to the Arbitrum core team and advisors.
– 25% allocated to investors in the previous funding rounds.
– 35% allocated to community members and DAOs.
– 15% allocated to the Arbitrum Foundation and ecosystem grants.
– 10% allocated to liquidity mining and incentives.

FAQs

1. How do I participate in the Arbitrum ARB governance token airdrop?

To participate in the airdrop, make sure your wallet is identified as a witch wallet. If you’re eligible, the tokens will be distributed automatically to your wallet.

2. What can I do with the ARB governance tokens?

The ARB governance tokens can be used to vote on key proposals, shape the direction of the Arbitrum network, and earn rewards for participating in governance.

3. What is the future of Arbitrum?

Arbitrum aims to provide faster and cheaper transactions on the Ethereum network, and it has already gained significant traction in the decentralized finance (DeFi) space. With the launch of the ARB governance token, Arbitrum’s community will have a say in shaping its future and driving its growth.

Conclusion

Arbitrum’s launch of the ARB governance token airdrop is a significant development in the blockchain community. If you’re an eligible participant, make sure to keep an eye on your wallet and participate in the airdrop. With the help of the ARB governance tokens, the Arbitrum community can actively shape the network’s future and drive its growth.

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