• The ARB token Airdrop Date is set on the 23rd of March 2021, and it officially marks the beginning of Arbitrum’s transition into a decentralized autonomous organization (DAO).
• The launch of the ARB token will allow users to vote on key governance decisions around Arbitrum One and Arbitrum Nova networks.
• Users can check their eligibility for claiming the ARB token during the airdrop by visiting gov.arbitrum.foundation.
ARB Token Airdrop Date Announced
The wait for one of the most highly anticipated events in the cryptocurrency industry over the past couple of months is finally over with the announcement of the long-awaited ARB token. The news means that Arbitrum, one of the biggest players in the Ethereum layer-2 scaling solution landscape, will finally get a token.
Launch Marks Transition to DAO
The Arbitrum Foundation, on Thursday, announced that it would be airdropping ARB, Arbitrum’s new token, to the community on the 23rd of March. According to the foundation, this launch officially marks its transition into a decentralized autonomous organization (DAO). This means that ARB token holders will be able to vote on key governance decisions around Arbitrum One and Arbitrum Nova networks which allow users to conduct transactions on Ethereum blockchain with much greater speeds and lower fees. In a statement, The Arbitrum Foundation stated: „Arbitrum DAO will have power to control key decisions at core protocol level“.
Token Distribution & Eligibility
The foundation has planned to issue 44% tokens allocated between investors and core contributors while 57% are reserved for public distribution via mining rewards and an upcoming public sale in June 2021. Furthermore, users can check their eligibility for claiming these tokens during Airdrop by visiting gov.arbitrum.foundation website but also cautioned people against potential hackers or scammers who frequently use such opportunities for malicious activities such as phishing attacks using fake websites etcetera.
ARF Token Supply & Features
The total supply of ARF tokens is 10 billion out which 3 billion are reserved explicitly for mining rewards over next 5 years while remaining 7 billion tokens available via public sale or locked liquidity pools etcetera for strategic initiatives such as funding development projects or operational expenses related to running network operations smoothly.. These tokens offer features like staking/delegation abilities & rewards structure based upon number/frequency/types of transactions conducted through either Arbirum One or Nitro networks respectively .
In conclusion ,Arbitrums aims at achieving decentralization through launching its native token & transitioning itself into DAO , so as any decision regarding future developments related to this platform can be taken collectively by all stakeholders involved in this ecosystem rather than just relying upon any single entity i-e Offchain Labs (creator) alone hence offering more autonomy & control over its own destiny going forward .