• Arbitrum will be airdropping the ARB token on March 23rd.
• 1.162 billion tokens, representing 11.62 percent of the total initial supply, will be airdropped to “users of the Arbitrum platform (via airdrop to user wallet addresses).
• There is a point system that will dictate how many tokens each user will get, with everyone needing a minimum of three points to qualify.
The Wait is Over: Arbitrum Will Airdrop Over 1 Billion ARB Tokens
Arbitrum, an Ethereum layer-2 scaling solution, recently announced that they will be airdropping their long-awaited token in a week from now on March 23rd. The team has released detailed documentation which outlines that 1.162 billion tokens, representing 11.62 percent of the total initial supply, will be airdropped to “users of the Arbitrum platform (via airdrop to user wallet addresses).
ARB Token Distribution
ARB will be used as governance token and it will be launched on Arbitrum One natively. The initial token allocation and distribution looks like this: Source: Official Website There is also an associated point system which determines how much each user receives with everyone needing at least 3 points to receive any tokens. The maximum score is capped at 15 and some actions such as bridging funds and doing transactions can gain more points for users. The maximum amount any single address can collect is 10200 tokens.
Special Offers
In addition to the news about the upcoming ARB token distribution there are also two special offers related to this event: SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms). PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.
Largest Exit Scam on Arbitrum
Another noteworthy information which was revealed during this time frame was regarding the largest exit scam ever seen on Arbitrum called Hope Fina which happened in December last year causing losses worth over 6 million USD in ETH funds for unsuspecting investors who invested in it without proper security measures or due diligence checks done by them beforehand .