Arbitrum Foundation, the governing body behind Ethereum layer-2 scaling solution Arbitrum, is making significant strides towards decentralization. The latest development includes a token airdrop, which will put governance power into the hands of the community. Alongside this, they have released Arbitrum Orbit, a layer-3 development toolkit. In this article, we will discuss the upcoming Arbitrum’s ARB Token Airdrop: How to Get Your Share of Governance Power!
Arbitrum’s ARB Token Airdrop It’s Happening
Arbitrum Foundation is planning a token airdrop, which is expected to take place on March 23. The airdrop will make up 11.5% of the total token supply, and an additional 1.1% will be earmarked for DAOs. Projects on Arbitrum that have their own communities will also be eligible for the DAO to receive an airdrop. The remaining governance tokens will be distributed over time to the community through grant programs and other initiatives led by the DAO.
To be eligible for the ARB token airdrop, users will need to meet certain criteria. The eligibility criteria for the airdrop can be found on gov.arbitrum.foundation. The platform has created a point system based on various criteria, such as usage, to help determine the amount of points each user gets.
Arbitrum Orbit: Layer-3 Development Toolkit
Alongside the airdrop announcement, Arbitrum has also released a development kit called Arbitrum Orbit. This layer-3 development toolkit will enable anyone to launch their own L3 on top of the Arbitrum code base. The community will have the ability to innovate, build, and modify the code, and the licensing will be in the hands of the community. This means that the ARB token will not be used to pay any fees on the Arbitrum chain, and on-chain fees will remain payable through ETH.
Arbitrum’s ARB token airdrop and the release of Arbitrum Orbit are significant developments for the Ethereum scaling solution. The airdrop will give governance power to the community, and the release of Arbitrum Orbit will enable developers to build smart contracts with public Arbitrum chains and get security derived from Ethereum. Check out the eligibility criteria on gov.arbitrum.foundation to participate in the ARB token airdrop and join the growing community on Arbitrum.
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