Arbitrum has made a name for itself as a pioneer in the Ethereum layer 2 scaling environment. The long-awaited airdrop is finally happening.
According to an announcement made by the Arbitrum Foundation on Thursday, the ARB token will be distributed to community members via airdrop on March 23rd.
ARB holders will have a say in the future of the Ethereum layer 2 network by voting on important decisions that govern the Arbitrum One and Arbitrum Nova networks.
This will provide users with a better experience with faster transactions and lower fees. The ARB token will also signify a transition to a decentralized autonomous organization (DAO) for Arbitrum, meaning that the project is moving towards a more democratic and community-focused structure.
Arbitrum also stated that the screenshots of the eligible individuals for the airdrop were taken on February 6th. It was also announced that 44% of the token supply will be allocated to the team and VC. Arbitrum’s ARB airdrop is among the significant developments in the crypto and Web3 world.
If you have fulfilled the conditions for the Airdrop of the Arbitrum network, you may have received $ARB airdrop.
Connect your wallet to Arbitrum Foundation official site to check eligibility for the $ARB airdrop.