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. 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. You can verify your eligibility on the official website linked above.
You will automatically be asked to confirm the connection on your Trust Wallet app to check your airdrop availability. 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. Once you’ve claimed your ARB tokens you can then move them to Newton. Go back to the homepage of your Arbitrum wallet, click “+” to check the received $ARB under “All My Assets”, and click “+” to add the token to the homepage of your wallet.
How to Claim the Arbitrum (ARB) Airdrop
- 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.
- Arbitrum utilizes Optimistic Rollups to lower gas fees and speed up transaction times, making it one of the most widely adopted layer-2 networks since its inception in 2021.
- In this article, we will share how to claim the Arbitrum token.
- The value can range from US$50 to US$10,000 depending on how extensive your interactions within the Arbitrum ecosystem was.
Arbitrum, the popular layer-2 scaling solution for Ethereum, has announced the launch of its native governance token, ARB. The token will be airdropped to eligible users and developers on March 23, 2023. Arbitrum utilizes Optimistic Rollups to lower gas fees and speed up transaction times, making it one of the most widely adopted layer-2 networks since its inception in 2021. A separate distribution was allocated for DAOs that are building applications in the Arbitrum ecosystem, as well as the Protocol Guild, a collective of Ethereum contributors. In putting together this criteria we worked with Nansen and analyzed on-chain data to determine how many tokens each DAO community was granted.
$ARB airdrop eligibility and distribution specifications
The fact what is a reduced value that points earned before the launch of Arbitrum Nitro were worth twice as much as points earned after added an extra incentive for early adopters to participate. Although Arbitrum delayed launching its governance token, most people are still looking forward to theArbitrum Airdrop. 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.
Holding $ARB tokens gives you the power to vote on proposals that affect the Arbitrum DAO and the technologies it governs. You can vote with your own tokens, or you can delegate your voting power to someone else. Delegation is a great option for busy DAO members who don’t have the time to review and discuss proposals regularly.
How to Claim the Arbitrum (ARB) Token Airdrop & Move Your Tokens to Newton
If you’re eligible, claiming your share of ARB tokens is as simple as connecting your Ethereum wallet. 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. On the high end of the spectrum, just over 4,400 addresses will be eligible to claim the maximum amount at 10,250 ARB tokens. Rollups are a smart contract scaling solution that involves compiling multiple off-chain transactions in a process known as ‘rolling up’.
Step 5: Move Your Tokens to Newton
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. 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. The Arbitrum Foundation declared the release of its latest digital asset, the ARB token, on Mar 16, 2023, marking the shift to a decentralized autonomous organization (DAO).
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. 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. Starting March 23, 2023, eligible users can claim the Arbitrum (ARB) airdrop by going to the official Arbitrum website and connecting a Web3 wallet like MetaMask. Check out the official blog post, or keep reading to learn more.
Arbitrum Airdrop Criteria
Votes are token-weighted, meaning the more tokens you have, the more influence your vote has. 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. 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.
Mark your calendar for March 23, 2023, as the Arbitrum token airdrop goes live. Although we try to list only legit projects we can not be responsible for any issues or loss due to scam. Arbitrum doesn’t have a token yet and could potentially have one in the future. There’s a chance that they may do an airdrop to users who’ve used their bridge. Here’s a breakdown of everything you need to know about Arbitrum and its airdrop in case you want to participate. And if you are looking to participate, you can easily check your eligibility using Trust Wallet.
While the ARB token airdrop is only a matter of hours away, it’s still important that you do your own research (DYOR) on this and other kinds of airdrops. DYOR will not only help to protect you from scammers but it can also help you to make better financial decisions. Since its inception, Arbitrum has been operating without a token. However, this will soon change as Arbitrum will airdrop its new and long-awaited native token, ARB, on March 23, 2023. The ARB airdrop marks a pivotal moment for Arbitrum and the entire Ethereum ecosystem. It will enable users and developers to participate in Arbitrum’s governance and earn rewards for their contributions.
A further 44% of ARB’s circulation will go to the employees and investors of Offchain Labs who first developed Arbitrum. 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. A cryptocurrency airdrop is where crypto projects send tokens or coins to eligible crypto wallet addresses.
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). 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. Arbitrum has allocated a total of 1.162 Billion ARB for airdrops. As predicted in our speculative airdrop section, they’ve concluded the first round of airdrop to various users. There will also be future airdrops to users who continue to interact with the Arbitrum ecosystem, such as interacting with dApps like Vela Exchange and GMX. To claim the Arbitrum airdrop, you need to be eligible based on the points you earned according to the criteria outlined by the team.