To claim your ARB tokens, you’ll need a wallet that’s compatible with the Ethereum network. While Newton isn’t affiliated with or endorses any particular wallets, there are many examples of such wallets including MetaMask, MyEtherWallet, and Trust Wallet. To ensure your eligibility to claim the airdrop, please connect the same wallet that you regularly use to interact with the Arbitrum network.
Token allocation & airdrop distribution
The connected wallet allows you to collect the airdrop tokens and carry out other activities and transactions on the platform. Many crypto projects use airdrops to attract new users and increase token awareness. Free cryptocurrencies are shared with eligible users during airdrops based on certain criteria. The event, which incentivizes users and potential users to use a platform or token, aims to help the token get adopted early. ARB holders can vote on key decisions that will govern Arbitrum One and Arbitrum Nova with the introduction of the ARB token.
Token Allocation to DAO Treasuries
As described earlier, points scored before and after Arbitrum Nitro was deployed on Arbitrum One mainnet were weighted differently. If an develop an app like snapchat cost features and more address only became fully eligible (minimum of three points) post-nitro, all points scored counted as post-nitro points. Thus, the minimum airdrop entitlement is 625 tokens, half of the minimum entitlement in the table above; the maximum airdrop entitlement is tokens.
DAO airdrop criteria and distribution
For those who coinrule sign up do not know what an optimistic rollup is, we got you covered with a simple explanation. A cryptocurrency airdrop is just what you’re looking for.
- A cryptocurrency airdrop is just what you’re looking for.
- Of the 10 billion ARB units intended to be its maximum supply, Arbitrum will airdrop 11.62% to its early adopters and 1.13% to the developers using Arbitrum for building apps.
- The transactions are then processed and sent back to the main chain after validation.
- Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.
- Many crypto projects use airdrops to attract new users and increase token awareness.
Mark your calendar for March 23, 2023, as the Arbitrum token airdrop goes live. Some of the top decentralized finance (DeFi) protocols include Uniswap, Curve, Aave, Balancer, and SushiSwap. Additionally, Arbitrum is not without its native protocols built on the blockchain which include GMX, Radiant, Dopex, and Vesta Finance. Check out our LayerZero Airdrop Guide for another highly anticipated token airdrop. To claim the Arbitrum airdrop, you need to be eligible based on the points you earned according to the criteria outlined by the team.
As of now, 56% of the overall ARB token supply is owned by the Arbitrum community, with 12.75% set to be distributed via airdrop bitcoin arrives at 16000 atm machines across the uk to qualified users on Mar 23, 2023. The Arbitrum Foundation and DAO will dispense the remaining community-owned tokens gradually. Meanwhile, 44% of the total token supply will be allotted to investors and essential contributors.
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). If you haven’t already, this is where you will need to add the Arbitrum One network to your web3 wallet. The website will guide you through how to do this step by step after you connect your wallet, there will be a popup instructions box.
The number of tokens you receive from the ARB airdrop will depend on your eligibility score, based on the number of criteria you meet. If you have fewer than three points, you won’t be eligible to earn any amount from the airdrop. Depending on the number of points users have, they can earn between 621 ARB and 10,250 ARB, the maximum number of tokens that can be allocated to a wallet.