The Arbitrum ($ARB) airdrop is here! A closer look at the eligibility criteria

Arbitrum, the layer-2 rollup network of Ethereum just announced the date for the long-rumoured $ARB airdrop. As we now have official confirmation of the date that the airdrop goes live we can start to get a better idea of how much the airdrop will be and the tokenomics surrounding the coin.

The block 50642080 on Feb 6th was the Arbitrum snapshot date and $ARB will be the token airdropped to eligible wallets. 1.162B tokens out of a max of 10B will be airdropped to wallets when the timer countdown goes to 0, currently this is estimated to be 2pm UTC on 23rd Thursday. The time might vary slightly as the drop actually goes live on L1 block 16890400 so could be + or - a few hours.

Thankfully for those of you who are frequent users of the OpenOcean platform and also those who have been using our different tools like spot swaps, gas-free limit orders and cross-chain swaps, you'll find that you might overlap on multiple criteria to boost your airdrop even more!

If you've done any of the following, either on OpenOcean or not, you will be eligible for the $ARB airdrop.

-Bridged funds into Arbitrum One

-Conducted transactions on Arbitrum during two distinct months
-Conducted transactions on Arbitrum during six distinct months
-Conducted transactions on Arbitrum during the last nine month

-Conducted more than four transactions or interacted with more than four different smart contracts
-Conducted more than ten transactions or interacted with more than ten different smart contracts
-Conducted more than 25 transactions or interacted with more than 25 different smart contracts
-Conducted more than 100 transactions or interacted with more than 100 different smart contracts

-Conducted transactions exceeding in the aggregate $10,000 in value on Arbitrum
-Conducted transactions exceeding in the aggregate $50,000 in value on Arbitrum
-Conducted transactions exceeding in the aggregate $250,000 in value on Arbitrum

-Deposited more than $10,000 of liquidity into Arbitrum
-Deposited more than $50,000 of liquidity into Arbitrum
-Deposited more than $250,000 of liquidity into Arbitrum

If you're an OpenOcean regular and frequently make use of the tools available you could actually be in with quite a sizeable airdrop! Head to https://arbitrum.foundation to check your wallet. Make sure you bookmark it before the drop so you're less likely to click on any bad links!

If you want to make the most of positioning yourself in the future for any potential new Airdrops there are a few things you can do to maximise your potential. As displayed above, the Arbitrum airdrop rewards those who are activly using and interacting with the chain There are many ways to earn bonus tokens but from what we've seen, staking and farming seems to warrant the most rewards. For future on-chain eligibility requirements bolstering your wallet tx history could very easilly be done with swaps on OpenOcean.

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