$ARB airdrop eligibility and distribution specifications Arbitrum DAO Governance docs - HostExpert

According to L2 Beat, a layer 2 analytics site, Arbitrum holds 55% of the Ethereum Layer 2 market share. As you prepare for the Arbitrum airdrop, it’s essential to look ahead and consider the crucial steps to take after the event. Here are several factors to consider to ensure you make the most of your newly acquired tokens. All criteria will be disqualified if you received fewer than three points. The Arbitrum Foundation aimed to involve numerous authentic users in the airdrop, but inevitably, some recent or sporadic users best uk crypto exchange uk didn’t make the cut. To differentiate between newcomers and airdrop farmers, a points system was employed to determine token eligibility.

We’ve covered Arbitrum extensively in the past, and if you have been following our guides, you would have benefitted from the airdrop. The value can range from US$50 to US$10,000 depending on how extensive your interactions within the Arbitrum ecosystem was. Wallets identified as a sybil address under Hop Protocol’s Bounty Program, were also completely disqualified from receiving the airdrop. If you have any question you would like to receive an answer please send us an email to email protected.

How to Claim the Arbitrum (ARB) Token Airdrop & Move Your Tokens to Newton

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. You earn maximum one point per qualifying action performed before the snapshot date. Arbitrum worked with Nansen, the crypto analytics firm, to “snapshot” user activity in February in order to determine who should be eligible for ARB tokens. “How many transactions you did, how many different applications you used, and how long you’ve been using” Arbitrum One and Arbitrum Nitro were among the factors used to determine eligibility, according to Goldfeder. Arbitrum is a layer 2 solution designed to improve the capabilities of Ethereum smart contracts — boosting their speed and scalability, while adding in additional privacy features to boot. The platform is designed to allow developers to easily run unmodified Ethereum Virtual Machine (EVM) contracts and Ethereum transactions on a second layer, while still benefiting from Ethereum’s excellent layer 1 security.

• According to L2 Beat, a layer 2 analytics site, Arbitrum holds 55% of the Ethereum Layer 2 market share.
• Offchain Labs created it in August 2021 with the aim of speeding up transaction times while lowering the on-chain transaction costs and promoting scalability.
• You will automatically be asked to confirm the connection on your Trust Wallet app to check your airdrop availability.

The upcoming Arbitrum airdrop is set to be one of the most notable events in recent history, distributing over 1 billion tokens to 600,000+ wallet addresses on March 23, 2023. As for why Arbitrum took longer to launch its governance token, Goldfeder said, “The tech came first. 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.

A Step-by-Step Guide

Arbitrum, a pioneering Layer 2 Ethereum scaling solution, outshines rivals Polygon and Optimism, standing twice their size and ranking fourth by total value locked (TVL) among all cryptocurrency projects. This innovative project seeks to enhance Ethereum’s speed, scalability and efficiency while reducing costs. The airdrop’s aim is to celebrate Arbitrum’s growth and distribute governance tokens to early supporters. Trust Wallet is an easy-to-use, non-custodial crypto wallet that enables users to securely buy, store, sell, and swap over 9M+ crypto assets across 70 blockchains, all under one app. With more than 25M+ users, Trust Wallet is the most secure crypto wallet you can find in today’s market. Rollups are a smart contract scaling solution that involves compiling multiple off-chain transactions in a process known as ‘rolling up’.

When Is Arbitrum’s Airdrop? How Can You Claim Your Free ARB Tokens?

Thus, the minimum airdrop entitlement is 625 tokens, half of the minimum entitlement in the table above; the maximum airdrop entitlement is 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.

This user-friendly method streamlines the process, saving time and effort. 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 bitcoin price forecast 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.

Step 1: Go to Arbitrum Website and Connect your Wallet

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.

User airdrop eligibility details​

Unlike ether (ETH), which is used to pay out fees on Ethereum (and Arbitrum), the ARB token will only be used for protocol governance. Arbitrum DAO’s governance process will be self-executing, meaning votes can be used to directly alter Arbitrum’s core code. Although we try to list only legit projects we can not be responsible for any issues or loss due to scam. As predicted in our speculative airdrop section, they’ve concluded the first round of airdrop to various users. There will ripple bosses prepare for battle with sec also be future airdrops to users who continue to interact with the Arbitrum ecosystem, such as interacting with dApps like Vela Exchange and GMX.

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. Arbitrum is a layer 2 blockchain scaling solution built on top of the Ethereum blockchain. Offchain Labs created it in August 2021 with the aim of speeding up transaction times while lowering the on-chain transaction costs and promoting scalability.