Understanding the Arbitrum Governance Token Airdrop Model

03/17/2023 20:19 • Metaverse Matters • 133 views

According to reports, the Arbitrum governance token airdrop model was designed by Offchain Labs, the Arbitrum Foundation, and Nansen in collaboration. The model bases the membership of the Arbitrum community on their organic participation in the Arbitrum ecosystem. The airdrop model relies on Nansen’s on-chain data and tags, assigning eligibility points to wallets based on their past on-chain activities, and collecting wallet addresses for at least 3 points to obtain airdrop eligibility. It is reported that there are currently 625143 wallet addresses eligible for air drop, accounting for 28% of all bridged addresses with Orbitrum One since its establishment up to February 6, 2023.

Data: Currently, there are 625143 wallet addresses that meet the Arbitrum governance token airdrop conditions

Analysis based on this information:

The recent reports suggest that the Offchain Labs, Arbitrum Foundation, and Nansen collaborated to design the Arbitrum governance token airdrop model. This model provides membership to the Arbitrum community based on their organic participation within the network. It aims to reward those who have been actively using the Arbitrum ecosystem, thereby promoting community building and engagement.

The airdrop model relies on Nansen’s on-chain data and tags to assess the eligibility of wallets based on their past on-chain activities. The model assigns eligibility points to wallets and collects wallet addresses for at least three points to obtain airdrop eligibility. By using such a model, the team aims to deliver fairness and transparency by eliminating centralized decision-making processes.

The report suggests that there are already 625143 eligible wallets for the airdrop, covering 28% of all bridged addresses with Orbitrum One since its launch up to February 6, 2023. This statistic indicates the high level of engagement and participation in the Arbitrum ecosystem, which is a positive sign for the network’s future development.

Moreover, the collaboration between Offchain Labs, Arbitrum Foundation, and Nansen demonstrates the importance of teamwork to achieve a common goal. The combination of Offchain Lab’s expertise in scaling and optimizing smart contracts, the Arbitrum Foundation’s knowledge of the ecosystem and community building, and Nansen’s expertise in on-chain analytics and data enables the team to design an airdrop model that is not only fair and scalable but also benefits the entire ecosystem.

In conclusion, the Arbitrum governance token airdrop model is a novel way to reward users who are actively participating in the network. By using a transparent and fair model that relies on on-chain data, the team can promote community building and engagement, which are vital for any decentralized network to thrive.

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