Arbitrum airdrop confirmed » Find out how to claim your free ARB tokens

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. Unfortunately, when a crypto airdrop receives this much hype, it doesn’t take long for the crypto scammers to begin circling. ARB’s introduction has been timed to coincide with the launch of Arbitrum Obit, which will allow third-party apps and protocols to build top vpn protocols explained new “layer 3” blockchains based atop Arbitrum’s low-fee infrastructure. As the much-anticipated Arbitrum airdrop approaches, the excitement is palpable. Set to distribute over 1 billion tokens to more than 600,000 wallet addresses, this event is shaping up to be truly memorable.

Eligibility Criteria: The Golden Ticket to the Airdrop

Once all the transactions have been rolled up, they are presented as a single transaction to the Ethereum blockchain. This helps to reduce gas prices while retaining secure transactions and relieving network latency. 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 Foundation and Offchain Labs worked with Nansen, a crypto analytics firm, over a couple of months to develop eligibility criteria for the ARB token airdrop. Some factors they looked at included how long a user had been using Arbitrum One and Arbitrum Nitro, how many transactions they did, and the various applications they utilized. They then built a points system hinged on the different metrics of Arbitrum’s usage.

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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.

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. 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. It is already a popular Ethereum Layer 2 solution with many users and supporters worldwide. The rollout of its cryptocurrency is a boon for those users, and we’re interested to see where it will lead in the coming months. You won’t be able to claim your tokens until March 23, 2023, when claiming goes live.

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’.

The long-awaited ARB token will grant holders the ability to vote on changes to the leading Ethereum layer 2 network.

A cryptocurrency airdrop is where crypto projects send tokens or coins to eligible crypto wallet addresses. More than 42 million arb tokens were claimed in the first hour as Arbitrum’s much-anticipated token airdrop went live on Thursday, Nansen data shows. Arbitrum bitcoin rises 8pc after citi backing users will be able to check their eligibility for the airdrop and claim tokens by visiting gov.arbitrum.foundation. Users are encouraged to use caution while claiming their tokens; scammers frequently use the occasion of airdrops to phish people via spoof websites and other schemes.

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 to buy and sell cryptocurrency 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.

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.

Arbitrum to Airdrop New Token and Transition to DAO

• The team has also provided the essential criteria and data set, allowing users to independently assess the process’s fairness and precision.
• 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.
• As one of the largest crypto projects without a token, anticipation for an Arbitrum token has been at a fever pitch since the network went live in 2021.
• The Arbitrum community will control 56% of those tokens – the airdrop will grant 11.5% of the total supply to eligible Arbitrum users, and 1.1% to DAOs that operate in the Arbitrum ecosystem.
• Once all the transactions have been rolled up, they are presented as a single transaction to the Ethereum blockchain.

If you are already connected to the Arbitrum One Network, you may skip this step. Arbitrum’s main competitor in the Ethereum scaling space, Optimism, launched its OP token nearly a year ago when it made its own transition to DAO governance. As one of the largest crypto projects without a token, anticipation for an Arbitrum token has been at a fever pitch since the network went live in 2021.

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. Looking closely at the distribution, 113 million ARB tokens will also be distributed to DAO treasuries of protocols building on Arbitrum. Mark your calendar for March 23, 2023, as the Arbitrum token airdrop goes live. Furthermore, Arbitrum is attempting to encourage more users to join its ecosystem by stating its intention to initiate more airdrops for users who continue to use the Arbitrum ecosystem. You must use an Ethereum wallet compatible with the Arbitrum token; that is, the wallet must be compatible with ERC-20 tokens. Arbitrum’s recommended wallets are Rainbow, Coinbase Wallet, Metamask, WalletConnect, Trust Wallet, and LedgerLive.

A helpful way to check your transaction history is by using a blockchain explorer like Arbi Scan. A blockchain explorer is like a search engine for blockchain networks, allowing you to review your wallet’s activity with the Arbitrum network during the eligibility period and making sure you have the right wallet. 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.