• The Arbitrum Foundation announced the Airdrop of ARB, the new token of Arbitrum on 23 March 2021.
• ARB Token holders will be able to vote on key governance decisions around Arbitrum One & Nova networks.
• Users can check their eligibility for claiming the ARB token during the airdrop by visiting gov.arbitrum.foundation.
ARB Token Airdrop Date Set
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 marks the beginning of Arbitrum’s 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 but with far greater speeds and lower fees.
Arbitrum worked closely with crypto analytics firm Nansen to create snapshots of user activity in order to determine which users were eligible to receive ARB tokens. Factors taken into consideration were number of transactions conducted, applications used and how long user used both networks i-e; one & nitro. Users can check their eligibility for claiming the ARB token during the airdrop by visiting gov.arbit