They then built a points system hinged on the different metrics of Arbitrum’s usage. Most early Arbitrum adopters have been allotted 625 ARB tokens, which correlates to a rough total airdrop value of $400 and $1,250. Arbitrum’s highest allocation per address is 10,250 ARB tokens, and it is anticipated that 4,400 crypto wallets will be eligible for the ARB tokens, receiving between $6,500 and $20,600 in tokens.

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. If you are already connected to the Arbitrum One Network, you may skip this step. Click “CONNECT WALLET” – “WalletConnect” – “imToken” and approve the DApp to connect to your wallet. Then click “CHECK ELIGIBILITY” to check the number of your claimable $ARB.

Points scored (minimum of three) before Arbitrum Nitro launched are worth double. Sybil detection criteria was also used and affected eligibility. If you’re eligible, you should be able to follow the onscreen instructions and click claim, and the tokens will be deposited into your wallet. As the days count down to the airdrop, users have also begun speculating on the opening price of the ARB token. The remaining 4.447 billion tokens will be subjected to a four-year lockup, with the first unlock occurring one year after the upcoming airdrop, on 23 March 2024. Subsequent unlocks will take place monthly, with the final unlock on 23 March 2027.

If you are eligible, you can follow the steps below to claim your Arbitrum airdrop. It is important to note that point scores were capped at 15, and users could earn a maximum of one point per qualifying action performed before the snapshot date. Also, 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. Looking closely at the distribution, 113 million ARB tokens will also be distributed to DAO treasuries of protocols building on Arbitrum.

Who Is Eligible for the Airdrop?

Arbitrum, a popular Ethereum layer-2 protocol, is set to issue its own native token to eligible community members – scheduled for an airdrop on March 23, 2023. With the launch of the ARB token, Arbitrum will officially transition into a decentralized autonomous organization (DAO). The Arbitrum community will have control of 56% of the 10 billion tokens, while 11.5% will be airdropped to eligible Arbitrum users. In addition, 1.1% will be allocated to the DAOs that manage the Arbitrum ecosystem. The rest of the tokens will go to a treasury that the Arbitrum DAO will manage.

Everything You Need to Know About the ARB Airdrop

The goal of using a broad variety of criteria was recognizing that Arbitrum is home to a diversity of projects that have different KPIs and user interactions. Arbitrum teamed up with Nansen, a crypto analytics firm, to establish ARB token eligibility based on the level of user activity. According to the official announcement from Arbitrum, Arbitrum is using a points system to determine the number of ARB tokens that airdrop recipients can claim. The main objective of an airdrop is to create awareness of the new token, to boost circulation, and to decentralize the token holders. The Arbitrum airdrop was a significant event that rewarded early adopters of the Arbitrum One and Arbitrum Nova networks. The criteria for eligibility were focused on various actions taken by users on these networks, and the airdrop token allocation was determined based on the number of points earned.

Transactions on Ethereum cost several dollars to complete, while the same costs approximately two cents on the Arbitrum blockchain. 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.

1. They then built a points system hinged on the different metrics of Arbitrum’s usage.
2. Next, once you are successfully connected, go back to the Arbitrum Foundation’s website and click on ‘Check Eligibility’ to confirm if you are eligible for the ARB airdrop.
3. Votes are token-weighted, meaning the more tokens you have, the more influence your vote has.
4. 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.
5. The remaining 4.447 billion tokens will be subjected to a four-year lockup, with the first unlock occurring one year after the upcoming airdrop, on 23 March 2024.

ARB Eligibility

He has contributed to MakerDAO, Alpha Bot (the number one crypto bot on Discord),… Stay tuned for more updates and detailed information about the Arbitrum ARB airdrop. As the event unfolds, we’ll keep you posted on the latest developments and any new opportunities arising from this exciting launch. Open your Arbitrum wallet, switch to the browser page and click “Arbitrum airdrop”. 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.

In short, holding $ARB tokens allows you to democratically shape the future of the Arbitrum ecosystem alongside other aligned token holders. On March, 23, 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. Rolling up makes Arbitrum faster and cheaper to use, with all transaction data being relayed back to the Ethereum blockchain. The layer 2 protocol can process 40,000 transactions per second, while Ethereum can manage only roughly 14 transactions per second.

A Step-by-Step Guide

Avoid giving out your private keys or personal information to anyone claiming to help you claim the airdrop. Wallets identified as a sybil address under Hop Protocol’s Bounty Program, were also completely disqualified from receiving the airdrop. Next, once you are successfully connected, go back to the Arbitrum Foundation’s website and click on ‘Check Eligibility’ to confirm if you are eligible for the ARB airdrop. Go to your Trust Wallet, click on ‘Settings’ then ‘WalletConnect’, and scan the QR code.

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 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. The Arbitrum(ARB) token is an ERC-20 governance token used to participate in Arbitrum DAO’s on-chain governance. The token is minted on Arbitrum One, a Layer 2 Arbitrum rollup chain, and managed by the DAO, which governs both Arbitrum One and Arbitrum Nova chain protocols. Owning $ARB tokens allows you to vote on Arbitrum One and Arbitrum Nova chain governance proposals, such as chain upgrades and the use of the DAO Treasury funds.

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 can your cash enhance in bitcoin pockets could propose changes from the perspective of builders to the benefit of all users of Arbitrum. As described earlier, points scored before and after Arbitrum Nitro was deployed on Arbitrum One mainnet were weighted differently. If an address only became fully eligible (minimum of three points) post-nitro, all points scored counted as post-nitro points.

In this article, we will share how to claim the Arbitrum token. For purposes of this guide, we will connect to Trust Wallet on mobile using WalletConnect. However, all employee and investor tokens will be subject to vesting schedules and lock-up periods. Simply put, Arbitrum seeks to expand Ethereum’s smart contracts capability by improving its scalability and speed while still offering auxiliary privacy features. Thomas DeMichele has been working in the cryptocurrency information space since 2015 when CryptocurrencyFacts.com was created.