The Arbitrum airdrop has been arguably one of the most anticipated events in the cryptocurrency industry over the past few months. Seems like it's finally here.
The team also published documentation on which users are eligible, so let's take a look. First, the airdrop will take place on March 23rd, but users can already check their eligibility and their accurate claim of ARB tokens here.
There is a point system that will determine how many tokens each user will receive, and each person needs at least three points to qualify. Scores are capped at 15, and some of these actions include bridging funds to Arbitrum One, making trades, and more.
The maximum allocation a single address can receive is 10,200 tokens. ARB tokens will be used for governance purposes with an initial supply cap of 10 billion. Of this, 11.62% (1.162B tokens) will be used for airdrops. 1.13% will go to DAOs that help build applications on Arbitrum.
Every action of an eligible person will be attributed to a certain amount of points, and the amount of tokens that will be distributed will depend on this.
A single wallet can receive up to 10,200 ARB tokens. It's also important to note that the snapshot date is February 6, 2023.
The token is a governance token that will constitute a self-executing DAO, where voted proposals will be executed directly on-chain. All investor and team tokens have a 4-year lock-up period. The first unlock will happen after one year, after which tokens will be unlocked monthly.
