Sign the first transaction and then approve the second transaction to receive the airdrop in your wallet. The remaining 4.447 billion tokens will be subjected to a four-year lockup, with the first unlock occurring one year after the upcoming airdrop, on 23 March 2024. Subsequent unlocks will take place monthly, with the final unlock on 23 March 2027. Wallets identified as a sybil address under Hop Protocol’s Bounty Program, were also completely disqualified from receiving the airdrop. Mark your calendar for March 23, 2023, as the Arbitrum token airdrop goes live.
This significantly reduces gas fees and increases transaction speeds. It has quickly gained popularity as a fast and affordable alternative to the main Ethereum network. Arbitrum was developed by Offchain Labs and is a Layer 2 (L2) scaling solution that uses optimistic roll-up technology to offer high-speed transactions and lower fees for users. Arbitrum, a pioneering Layer 2 Ethereum scaling solution, outshines rivals Polygon and Optimism, standing twice their size and ranking fourth by total value locked (TVL) among all cryptocurrency projects. This innovative project seeks to enhance Ethereum’s speed, scalability and efficiency while reducing costs.
- All three are blockchain experts with a passion for making cryptocurrencies more capable.
- The team has also provided the essential criteria and data set, allowing users to independently assess the process’s fairness and precision.
- Its all-time high price was US$8.67, and an all-time low of US$1.11.
In putting together this criteria we worked with Nansen and analyzed on-chain data to determine how many tokens each DAO community was granted. The goal of using a broad variety of criteria was recognizing that Arbitrum is home to a diversity setup react with webpack and babel by prateek srivastava age of awareness of projects that have different KPIs and user interactions. Arbitrum is a layer-2 scaling solution designed to lower network congestion and transaction costs of Ethereum by offloading tons of computation and data storage from the main chain.
As airdrop season returns, find out what the trends in airdrop prices are & when you to sell airdrop tokens. Trove allows transactions in both ETH and MAGIC for ease of convenience. It will implement how and where to buy bitcoin in the uk user levels and achievement systems to provide a gamified NFT collectors’ experience. Dopex is an options protocol that aims to provide maximum liquidity and minimal exposure for options traders.
These tokens will be subject to lock-up periods and vesting schedules. Notably, the proportion of ARB reserved for insiders is higher compared to similar projects, such as Optimism, which allocated 36% of its OP tokens to investors and core contributors. Check out our LayerZero Airdrop Guide for another highly anticipated token airdrop. Avoid giving out your private keys or personal information to anyone claiming to help you claim the airdrop.
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Points scored before Arbitrum Nitro were worth twice as much as points scored after — as a result any points scored after Nitro resulted in half as much of an allocation per point shown in the table above. If an address only became fully eligible (minimum of three points) post-nitro, all points scored counted as post-nitro points. Thus, the minimum airdrop entitlement is 625 tokens, half of the minimum entitlement in the table above; the maximum airdrop entitlement is tokens. Optimistic rollups assume all transactions as valid, hence an “optimistic” outlook. There is a time period during which users can dispute any suspicious transactions contained in a bundle.
How to claim Arbitrum airdrop
More trade volume means more fees are generated for liquidity providers as well, attracting more liquidity providers to provide liquidity and earn trading fees, allowing Uniswap to be the 4th largest protocol by TVL on Arbitrum. It currently has a market cap of $4.45 billion, ranking top 18 in market cap. Uniswap is a decentralized exchange (DEX) protocol where users can swap assets and provide liquidity permissionlessly. What’s worse is that the high fees are paid even if the transactions fail, causing a poor user experience for most users.
The Arbitrum Airdrop
The team has also provided the essential criteria and data set, allowing users to independently assess the process’s fairness and precision. A points system was used to determine the number of tokens that airdrop recipients can claim. Points criteria was focused primarily on Arbitrum One; however, there was a small subset of criteria applied to activity on Arbitrum Nova. Points earned on Arbitrum Nova could either bring a user up to 4 points total, or give them one additional point if they had already scored 4 points or more on Arbitrum One. You earn maximum one point per qualifying action performed before the snapshot date. Arbitrum is a popular Layer 2 scaling solution for the Ethereum network that uses optimistic rollups to bundle many transactions into a single batch before submitting them to the main Ethereum network.
The official and safer way is to use the same Arbitrum bridge, however, this method is slower and funds will take about 7-8 days to be received. There will be a countdown stating that your deposit will be received in 7-8 days and you can check the status of your withdrawal and claim when it’s ready by clicking on your profile on the top right. Do take note that there will be some gas fees ranging from $1-$5 that you will have to pay. Once the transaction is submitted, your tokens will arrive on Arbitrum in about 10 to 60 minutes depending on the network traffic.
Learn about GMX V2 and how to win a share of the $500K USD ARB prize pot in the GMX #EIP4844 Trading Competition. One of these projects is Bridgeworld, a P2E game built within the Treasure ecosystem. The game works around strategic trade and land control by farming key resources. It also allows the formation of guilds and DAOs, enabling strategies around farming optimization. Treasure is a decentralized NFT ecosystem on the Arbitrum ecosystem that is built specifically for metaverse projects.
Select the ERC20 token and the amount that you wish to send, and click “Move funds to Arbitrum One” to begin the transfer. Metamask will pop up a transaction screen and once you’ve verified that the details are correct, you will click ‘Confirm’. Once you’ve connected, you will be able to send ETH and other ERC20 tokens like USDC from Ethereum to Arbitrum One, whats behind the meteoric rise in obscure cryptocurrency cardano 2020 double check that it is not Arbitrum Nova. There are many ways to bridge assets to the Arbitrum network, let’s explore some of them. As you prepare for the Arbitrum airdrop, it’s essential to look ahead and consider the crucial steps to take after the event. Here are several factors to consider to ensure you make the most of your newly acquired tokens.
RDPX is distributed as rebate tokens to the option pool participants in case losses are incurred by the pool. VeDPX is locked and staked DPX which gives users value accrual through allocations of protocol fees, staking rewards, etc. Fortunately, the net PnL of traders overtime is trending downwards, meaning GLP holders are actually earning from traders who are net losing money, making GLP an even more attractive token for users to mint and hold. This increases the liquidity of GLP, attracting even more traders and creating a positive flywheel effect. GMX is a decentralized spot and perpetual exchange with low swap fees and zero slippage where users can place market, limit, or trigger orders with up to 30x leverage. As GMX is one of the most popular protocols in the Arbitrum ecosystem, we will expand a little more on them.
Moreover, as protocols directly build on the chain, protocols could propose changes from the perspective of builders to the benefit of all users of Arbitrum. It focuses on a particular point of disagreement over transaction history. Additionally, layer-2 transactions are not entirely executed on the main chain, rendering gas block limits irrelevant.
The airdrop’s aim is to celebrate Arbitrum’s growth and distribute governance tokens to early supporters. Arbitrum’s layer-2 network allows developers to build and deploy highly scalable smart contracts at low cost, while benefitting from Ethereum’s robust layer-one security. Since its launch last year, the Arbitrum ecosystem has greatly expanded, ranking 6th in all chains total value locked with 129 integrated protocols. The Arbitrum airdrop was a significant event that rewarded early adopters of the Arbitrum One and Arbitrum Nova networks. The criteria for eligibility were focused on various actions taken by users on these networks, and the airdrop token allocation was determined based on the number of points earned. The fact that points earned before the launch of Arbitrum Nitro were worth twice as much as points earned after added an extra incentive for early adopters to participate.
Visit the official Arbitrum website to determine your airdrop eligibility. Input your wallet address into the tool, and you will receive a confirmation regarding your eligibility status. This user-friendly method streamlines the process, saving time and effort. As described earlier, points scored before and after Arbitrum Nitro was deployed on Arbitrum One mainnet were weighted differently.
ARB will be distributed to users based on their usage of the platform, with those who have used Arbitrum the most receiving the largest share of tokens. Arbitrum product, as well as an entire suite of scaling solutions, is built by a New York-based development firm Offchain Lab. The initiative is spearheaded by Offchain Labs co-founders Ed Felten, Steven Goldfeder and Harry Kalodner. Ed is a professor, Steven received his Ph.D, and Harry is a Ph.D. candidate at Princeton University.
