✅Arbitrum to Airdrop New Token and Transition to DAO

Arbitrum, the biggest player in Ethereum’s layer 2 scaling landscape, is finally getting a token.

The Arbitrum Foundation said on Thursday that ARB, Arbritrum’s new token, will be airdropped to community members on Thursday, March 23.

According to the Arbitrum Foundation, ARB will mark Arbitrum’s official transition into a decentralized autonomous organization (DAO), meaning ARB holders will be able to vote on key decisions governing Arbitrum One and Arbitrum Nova – networks that allow users to transact on the Ethereum blockchain with greater speeds and lower fees.

What is ARB?

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 long you've been using” Arbitrum One and Arbitrum Nitro were among the factors used to determine eligibility, according to Goldfeder.

Arbitrum 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

Why now?

Arbitrum has $3.69 billion locked into its Ethereum rollup network, Aribtrum One, making it the clear market leader in a cut-throat field of competing chains (according to L2 Beat, a layer 2 analytics site, Arbitrum holds 55% of the Ethereum Layer 2 market share).

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.

ARB Token Airdrop Rules

https://docs.arbitrum.foundation/airdrop-eligibility-distribution

ARB Airdrop Eligibility Check

1. Open http://gov.arbitrum.foundation/ to see the information displayed on the interface. For first-time visitors, click on the 'CONNECT WALLET' link to connect your wallet.

2. Click on TokenPocket in the pop-up interface to invoke the TokenPocket plugin wallet.

3. On the wallet address selection page, find your address that may be eligible for airdrop and click [Confirm] to connect.

4. After successfully connecting, click on 【CHECK ELIGIBILITY】 to see if you are eligible for the airdrop.

5. After clicking, you will see the results. For example, my address meets 5 of the requirements and the number of airdrop addresses is 5250. The more requirements that are met, the more airdrops you will receive. In the bottom right corner there are options to 'APPLY TO BE A DELEGATE ' and 'SEE OUR JOURNEY'. Click on them if interested.