Arbitrum does this by offloading computation and data storage from the main chain. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place.
- Free cryptocurrencies are shared with eligible users during airdrops based on certain criteria.
- In putting together this criteria we worked with Nansen and analyzed on-chain data to determine how many tokens each DAO community was granted.
- Arbitrum has refrained from revealing the full list of airdrop recipients.
- The Arbitrum(ARB) token is an ERC-20 governance token used to participate in Arbitrum DAO’s on-chain governance.
Qualifying Actions To Obtain Points
To check your eligibility, go to arbitrum.foundation and connect your wallet. It focuses on a particular point of disagreement over transaction history. Additionally, layer-2 transactions are not entirely executed on the main chain, rendering gas block limits irrelevant. Since optimistic rollups do not perform any computation by default, it offers massive improvements in scalability. On the downside, potential fraud challenges of optimistic rollups could calendars make a custom desk photo or wall calendar lead to delays in transactions, since progress comes to a halt until it the dispute is resolved.
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. You won’t be able to claim your tokens until March 23, 2023, when claiming goes live. After that, the token will be listed on Binance, where you can start trading it immediately (indeed, some folks have already started trading ARB tokens!). The release of ARB is planned alongside Arbitrum Obit’s start, which lets other apps and protocols create new Layer 3 blockchains on Arbitrum’s low-cost system.
When Is Arbitrum’s Airdrop? How Can You Claim Your Free ARB Tokens?
The Arbitrum Foundation aimed to involve numerous authentic users in the airdrop, but inevitably, some recent or sporadic users didn’t make the cut. To differentiate between newcomers and airdrop farmers, a points system was employed to determine token eligibility. With the distribution of tokens to the Arbitrum DAO treasury, community-owned protocols, and individuals, more than 55% of ARB tokens will be effectively distributed to the community. On March, 23, progressive referral bonus 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. It aims to reduce Ethereum’s network congestion and transaction costs.
Who Is Eligible for the Airdrop?
But for Arbitrum, it has its own virtual machine called Arbitrum Virtual Machine (AVM). 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 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 option.
If you want faster storage, you need to start using these memory cards. 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. For those who do not know what an optimistic rollup is, we got you covered with a simple explanation.
How to Claim the Arbitrum (ARB) Airdrop
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. 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.
Expect a lot of volatility as the market reacts to the launch of the new ARB token. To start with the verification process, visit Arbitrum’s official airdrop page and connect your crypto wallet which five bitcoin predictions in 2021 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. Once you have connected your wallet, click on “Check Eligibility”.
