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HOW TO CLAIM THE ARBITRUM AIRDROP

* Ross O'Sullivan
* March 22, 2023

Are you looking to claim free ARB tokens from the Arbitrum airdrop? Well, in
this beginner’s guide to the Arbitrum airdrop, we’ll explain what the Arbitrum
airdrop is, who is eligible to participate, what ARB tokens are, and how to
claim the Arbitrum airdrop ARB tokens.

How to Claim ShapeShift Airdrop &am...

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How to Claim ShapeShift Airdrop & Farm FOX Tokens

Ethereum Layer 2 solution Arbitrum has now airdropped their long-awaited
governance token ARB to early users of the network. So, if you’ve in some way
interacted with the network, keep reading to see if you’re eligible for the ARB
token airdrop.

WHAT IS ARBITRUM?

Arbitrum is a layer 2 scaling solution for the Ethereum network designed to
enhance the Ethereum network’s performance. The Ethereum network has been facing
scalability issues due to its limited capacity to handle a large number of
transactions. As a result, users have been experiencing high transaction fees
and slower transaction processing times.

The Arbitrum network addresses these issues by using Optimistic Rollups. This is
a layer 2 scaling technology that allows for faster and cheaper transactions on
the Ethereum network. Optimistic Rollups use a process called fraud proofing.
This is where the transactions are processed off-chain and then validated on the
Ethereum network. Making transaction processing more efficient without
sacrificing the security or decentralization of the Ethereum network.

Arbitrum can also support the execution of smart contracts, making it a
versatile scaling solution for the Ethereum network. Using Arbitrum, developers
can create more complex and feature-rich decentralized applications (dApps). At
the same time, without needing to worry about high gas fees and network
congestion.

WHAT IS THE ARBITRUM AIRDROP?

The Arbitrum airdrop is an event taking place on Thursday, March 23rd 2023, and
it involves distributing ARB tokens to eligible users.

Airdrops are a common method for projects to distribute tokens to their
communities, often as a reward for early support or engagement. In the case of
the Arbitrum airdrop, 11.5% of the total supply of ARB tokens in circulation
will be distributed.

To determine eligibility and the exact number of ARB tokens each user will
receive a point system has been implemented. The Arbitrum snapshot date for this
airdrop was February 6th, 2023. So any users that used Arbitrum before this date
may receive an airdrop. To qualify, Users must have at least three points, and
the maximum number of points is 15. Points can be earned by transferring funds
to Arbitrum One and conducting transactions. The maximum number of ARB tokens a
single address can receive is 10,200.

WHAT ARE ARBITRUM ARB TOKENS?

Arbitrum ARB tokens are the native tokens of the Arbitrum platform. The ARB
token will be solely utilized for governing the protocol. Unlike ETH, which is
used to pay transaction fees on the Ethereum and Arbitrum networks.

The total circulation of ARB tokens will amount to 10 billion, with 56%
controlled by the Arbitrum community. Eligible Arbitrum users will receive 11.5%
of the total supply through an airdrop, while DAOs functioning within the
Arbitrum ecosystem will obtain 1.1%. The rest will be allocated to a treasury
managed by the newly established Arbitrum DAO. Enabling ARB holders to
participate in deciding the distribution of funds.

The ARB token will function as a self-executing DAO, meaning approved proposals
will be directly implemented on the blockchain. All investor and team tokens
will be subject to a 4-year lockup, with the first unlock occurring after one
year and subsequently unlocks happening monthly.

Arbitrum ARB will be listed on the Binance exchange once the claim goes live for
those looking to trade the ARB token.

WHO IS ELIGIBLE FOR THE ARBITRUM AIRDROP?

Arbitrum has tried its best to include a wide variety of genuine Arbitrum users
in the ARB airdrop, and users will have already needed to have interacted with
the network.

Therefore, (like with any airdrop), this cant be done retrospectively. This is
because a snapshot of eligible users was taken on February 6th, 2023, at block
height #58642080.

Eligible users include;

* Those who have bridged funds into Arbitrum One
* Those who have conducted transactions during two distinct months
* Those who have completed more than 4 transactions or interacted with more
than 4 different smart contracts
* Those who have completed transactions exceeding the aggregate $10,000 in
value
* Those who have deposited more than $50,000 of liquidity into Arbitrum
* Those who have bridged funds into Arbitrum Nova

* Those who have completed more than three transactions on Arbitrum Nova

A points system was used to determine the number of tokens a user could claim.
With a maximum reward of 10,200 ARB per wallet.

HOW TO CLAIM YOUR ARBITRUM ARB TOKENS?

The Arbitrum airdrop claim went live on March 23rd, 2023. To claim your tokens,
you can check your eligibility on the Arbitrum Foundation website by simply
connecting your wallet.

If your wallet isn’t eligible, don’t worry. Arbitrum state, you can still
participate in the ecosystem and governance in different ways.

Additionally, if you have more than one wallet that supports Arbitrum, such as a
Metamask, Coinbase, or Ledger hardware wallet, you can try again.

CONCLUSION

The Arbitrum airdrop is a great opportunity to receive free ARB tokens for users
who have been interacting with the Arbitrum network. To claim your tokens,
ensure that you are eligible and follow the necessary steps to connect your
wallet to the Arbitrum foundation website.

Don’t miss this opportunity to claim your Arbitrum ARB rewards and be a part of
the Arbitrum ecosystem.

* How to Add Arbitrum Network to MetaMask Wallet
* Beginner’s Guide to Crypto Airdrops: How to Get Crypto Airdrops

* WEB 3.0 Explained: What is WEB 3.0?
* 7 Ways How to Make Money with Cryptocurrency
* How to Claim ShapeShift Airdrop & Farm FOX Tokens

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ROSS O'SULLIVAN

Ross is the co-founder of Every Bit Helps YouTube channel & website. After
hearing about Bitcoin back in 2013, Ross was initially put off thinking that he
had missed his opportunity. However, in 2017 made his first purchase, now he
buys & holds for the long term. While working as an IT project manager, he spent
his spare time buying & refurbishing properties, and now runs an Airbnb business
back in the UK. Spending his early years travelling between Ireland and England,
Ross continues to travel & lives abroad with his family.

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