How to Claim the Arbitrum ARB Token Airdrop & Move Your Tokens to Newton

The ARB token is only for making decisions about the protocol, not for paying fees like ether (ETH) on Ethereum and Arbitrum. The Arbitrum DAO’s governance lets users directly change the main code without any middleman. At the time of writing, the airdrop claiming period is scheduled to commence on March 23. a quick overview of cryptocurrency whales bears and bulls technical analysis Expect a lot of volatility as the market reacts to the launch of the new ARB token. Visit the official Arbitrum website to determine your airdrop eligibility. Input your wallet address into the tool, and you will receive a confirmation regarding your eligibility status.

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. Wallets identified as a sybil address under Hop Protocol’s Bounty Program, were also completely disqualified from receiving the airdrop. If you have any question you would like to receive an answer please send us an email to email protected.

Here’s how to check if you’re eligible for Arbitrum airdrop using the Trust Wallet mobile app

The main objective of an airdrop is to create awareness of the new token, to boost circulation, and to decentralize the token holders. 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. 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. 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 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.

How to claim your Arbitrum airdrop directly from the contract

One way to avoid being scammed is to make sure you this is how the bitcoin bubble will burst only access Arbitrum’s airdrop through the Arbitrum Foundation, the official site for the project.

Here’s how to check if you’re eligible for using the Trust Wallet Mobile App with WalletConnect

Unlike ether (ETH), which is used to pay out fees on Ethereum (and Arbitrum), the ARB token will only be used for protocol governance. Arbitrum DAO’s governance process will be self-executing, meaning votes can be used to directly alter Arbitrum’s core code. Although we try to list only legit projects we can not be responsible for any issues or loss due to scam. 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.

The upcoming Arbitrum airdrop is set to be one of the most notable events in recent history, distributing over 1 billion tokens to 600,000+ wallet addresses on March 23, 2023. As for why Arbitrum took longer to launch its governance token, Goldfeder said, “The tech came first. 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.

• In this comprehensive guide, Benzinga delves into the captivating world of the Arbitrum airdrop, helping you navigate the process of checking your eligibility and unlocking your share of this highly anticipated token distribution.
• 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.
• 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.
• The remaining community tokens will go to a treasury controlled by the new Arbitrum DAO, which will allow ARB holders to vote on how to disburse the funds.
• The Arbitrum Foundation aimed to involve numerous authentic users in the airdrop, but inevitably, some recent or sporadic users didn’t make the cut.
• This lets you use any EVM-compatible blockchains like Arbitrum, BSC, Optimism, Avalanche, Polygon and many more with ease.

Step 3: Check Your Eligibility

Additionally, the Arbitrum airdrop is also important as it will mark the blockchain’s official transition into a DAO and present the ARB token holders with an opportunity to vote for any changes to the protocol. Rolling up makes Arbitrum faster and cheaper to use, cryptocurrency is dead long live central bank digital currency! 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. Transactions on Ethereum cost several dollars to complete, while the same costs approximately two cents on the Arbitrum blockchain. In this comprehensive guide, Benzinga delves into the captivating world of the Arbitrum airdrop, helping you navigate the process of checking your eligibility and unlocking your share of this highly anticipated token distribution. 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).

This user-friendly method streamlines the process, saving time and effort. 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 could propose changes from the perspective of builders to the benefit of all users of Arbitrum. 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.

Get ready to embark on this remarkable journey, verify your ARB eligibility and seize the chance to make your mark in the ever-evolving world of cryptocurrency. After the token is officially released, it is advised that you explore the best available hardware wallet, such as Ledger or Tangem, and software wallets such as Trust Wallet to safeguard your tokens. Ledgers are a great choice for storing $ARB tokens especially because of its close integration with Metamask. This lets you use any EVM-compatible blockchains like Arbitrum, BSC, Optimism, Avalanche, Polygon and many more with ease. In the fast-paced crypto realm, airdrops provide thrilling and rewarding experiences that captivate countless enthusiasts.