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The other 44% of ARB’s circulation will go to the investors and employees of Offchain Labs – the development firm that built Arbitrum. The Arbitrum ecosystem continues to grow, with numerous projects and dApps being built on the network. This expansion includes decentralized exchanges (DEXs), lending platforms, and various other DeFi applications.
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 number of tokens you receive from the ARB airdrop will depend on your eligibility score, based on the number of criteria you meet. If you have fewer than three points, you won’t be eligible to earn any amount from the airdrop. Depending on the number of points users have, they can earn between 621 ARB and 10,250 ARB, the maximum number of tokens that can be allocated to a wallet.
- Currently, there are no added benefits of joining the guild other than a corresponding role in Arbitrum’s official Discord; however, it is a great starting point for new users.
- Each account appears as a unique user, which is crucial for claiming more airdrops and staying compliant with platform rules.
- Looking closely at the distribution, 113 million ARB tokens will also be distributed to DAO treasuries of protocols building on Arbitrum.
- Unfortunately, there is no way to guarantee that you will be eligible for Arbitrum airdrop — if there even is one.
Of the 10 billion ARB units intended to be its maximum supply, Arbitrum will airdrop 11.62% to its early adopters and 1.13% to the developers using Arbitrum for building apps. As with many crypto airdrops, Arbitrum aims to reward its early users, since only those who have interacted with the ecosystem to a specified extent up until February 16, 2023, can benefit from it. 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. The layer-2 solution facilitates transactions through off-chain means before bundling and submitting them as a single transaction to the base layer, thus supporting Ethereum scaling.
How to Claim the Arbitrum (ARB) Airdrop
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Register now to easily manage your proxy and automation to farm airdrops faster. Add important notes about which tokens are hold in this account, status of the project, etc. Automate repetitive tasks with our scripting features to streamline Arbitrum claims, ensuring you avoid bot detection seamlessly. Once your ETH has been bridged to the Arbitrum network, you will be able to complete a few tasks on Arbitrum that will grant you access to the Arbitrum guild. To bridge ETH, visit the Arbitrum website and connect your personal wallet to the application. From there, follow the instructions provided — the entire process can take several minutes to complete.
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Polygon is a top 10 crypto by market capitalization with a market cap of $13 billion. For comparison, the next largest Layer 2, Optimism has a market cap of $650 million. In early February 2023, Arbitrum has the highest total value locked (TVL) out how many hashes create one bitcoin of all Ethereum Layer 2 solutions. Arbitrum takes the slight edge on Polygon with a TVL of $1.76 billion (3.52% of industry TVL) compared to Polygon’s $1.22 billion TVL. It’s compatible with the EVM at the bytecode level and any language that can compile to EVM such as Solidity and Vyper.
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In the case of MetaMask, the easiest way to connect to Arbitrum is to use the one-click method. To do so, visit the Arbitrum Bridge website and click on Add/Switch to Arbitrum Network. Our team is diligently working to keep up with trends in the crypto markets. Arbitrum is already collaborating with a vast range of Ethereum dApps and infrastructure projects, including Uniswap, Sushi, DODO and dozens of others.
The airdrop aimed to reward early adopters and active participants within the Arbitrum ecosystem. According to CoinMarketCap, eligibility for the airdrop was determined through a points system, rewarding users based on their engagement and activities on Arbitrum One and Arbitrum Nova. Unfortunately, the claiming period for this airdrop has ended, as confirmed by the Arbitrum Foundation. Arbitrum, an Ethereum layer-2 scaling solution, improves Ethereum’s performance by enabling faster and cheaper transactions.
Unfortunately, there is no way to guarantee that you will be eligible for Arbitrum airdrop — if there even is one. These strategies focus on maximizing your activity, consistency and reach across the Arbitrum ecosystem. Although this process takes place on a separate layer to boost speed and scalability, Arbitrum leverages the security provided by the Ethereum mainnet. In recent months, Arbitrum has picked up considerable momentum, with increased how to buy ankr liquidity flowing to the network. Rumors are circulating about a potential Arbitrum crypto airdrop in the near future.
As the airdrop date approaches, it is necessary to exercise caution, particularly if you are eligible, to ensure you are using the right method and not falling prey to scammers. 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. Mark your calendar for can you buy bitcoin with debit card on litecoin atm can you buy dogecoin stock on etrade March 23, 2023, as the Arbitrum token airdrop goes live. Refer to Arbitrum Sybil Hunting to learn more about the Sybil mitigation methodology.
