- Arbitrum is moving to DAO.
- The network’s new ARB token airdrop has started.
- The new ARB token is Arbitrum’s governance token.
Just hours after the ARB Airdrop went public, the token has already seen some trading after many major cryptocurrency exchanges such as Binance, Huobi, Coinbase and MEXC committed to listing the new Arbitrum ARB token. are listed on the market.
The listing also takes place when users are claiming new tokens, forging Arbitrum airdrops, and facing issues with multiple sites slowing the chain. You must claim your tokens by September 23, 2023.
Approximately 625,000 wallet addresses will be eligible for the Arbitrum airdrop and will be distributed for free. His 12.75% of ARB token supply (1.275 billion tokens) will be distributed in airdrops.
Arbitrum migration to DAO
Arbitrum is a layer 2 solution for Ethereum that has started the journey of decentralization and transformation into a decentralized autonomous organization that allows new ARB token holders to participate in the development of the decentralized network.
The Arbitrum One Chain is expected to go live in a few hours when the block height reaches 16,890,400.
A surge in arbitrum trading
Prior to the ARB airdrop, Arbitrum had a record number of daily transactions.
Arbitrum uses optimistic rollup technology to process transactions faster and cheaper, with daily transactions reaching 1,312,052 on Wednesday, well above the network’s previous peak of 1,103,398 reached on February 21st. is higher than
At press time, betting on the “I Owe You” (IOU) market associated with the new ARB token showed that the token would trade at around $6 after the airdrop. It basically represents a liability between two parties.