What you need to know about the Arbitrum Airdrop

What is Arbitrum?

Arbitrum is an Eth layer2 scaling solution that supports smart contracts without the limitations of scalability and privacy. Users enjoy low transaction fees and less congestion on Arbitrum.

Arbitrum is a type of technology known as an optimistic rollup. It allows Ethereum smart contracts to scale by passing messages between smart contracts on the Ethereum main chain and those on the Arbitrum second layer chain.

What about the airdrop?

The biggest player in Ethereum’s layer 2 scaling landscape, is finally getting a token. The Arbitrum Foundation said on Thursday that $ARB, Arbritrum’s new token, will be airdropped to community members on Thursday, March 23.

ARB’s total circulation will number 10 billion. The Arbitrum community will control 56% of those tokens – the airdrop will grant 11.5% of the total supply to eligible Arbitrum users, and 1.1% to DAOs that operate in the Arbitrum ecosystem. The remaining community tokens will go to a treasury controlled by the new Arbitrum DAO, which will allow ARB holders to vote on how to disburse the funds.

How to see if you are eligible to receive the airdrop?

Arbitrum users will be able to check their eligibility for the airdrop and claim tokens by visiting gov.arbitrum.foundation. Users are encouraged to use caution while claiming their tokens; scammers frequently use the occasion of airdrops to phish people via spoof websites and other schemes.

Your eligibility depends upon the number of points your address received using the network. Here are the criteria, you will need a minimum of 3 points to get the minimum airdrop.

We hope this helped you understand the $ARB token distribution, good luck with the airdrop. Don't forget that scammers are most active during this kind of period, never give your wallet keys to anyone on the internet claiming to be able to double your airdrop or some other kind of scheme.