Arbitrum

FINSCHIA

Optimism

<p>Layer 2 Network Arbitrum&#8217;s long-awaited airdrop has finally been announced. In a tweet dated today (16th March), the official Arbitrum Twitter posted a link to a YouTube video titled &#8220;Wen? Now&#8221;.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Wen? Now. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9d1-200d-1f680.png" alt="🧑‍🚀" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f499.png" alt="💙" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9e1.png" alt="🧡" class="wp-smiley" style="height: 1em; max-height: 1em;" /> <a href="https://t.co/CysJ9nPP3Z">pic.twitter.com/CysJ9nPP3Z</a></p>&mdash; Arbitrum (<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f499.png" alt="💙" class="wp-smiley" style="height: 1em; max-height: 1em;" />,<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9e1.png" alt="🧡" class="wp-smiley" style="height: 1em; max-height: 1em;" />) (@arbitrum) <a href="https://twitter.com/arbitrum/status/1636352104913666050?ref_src=twsrc%5Etfw">March 16, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>According to a post on <a href="https://docs.arbitrum.foundation/airdrop-eligibility-distribution">Arbitrum&#8217;s Governance Documents, </a>snapshots for the $ARB token were taken on the 6th of February, with the airdorp set to occur on the 23rd of March.</p>



<p><strong>Also Read: <a href="https://chaindebrief.com/top-10-arbitrum-protocols-to-look-out-for-in-2023/">Top 10 Arbitrum Protocols to Look Out for in 2023</a></strong></p>



<h2 id="strong-am-i-eligible-for-the-arb-token-strong"><strong>Am I Eligible For The $ARB Token?</strong></h2>



<p>If you&#8217;re rushing &#8211; click this<a href="https://arbitrum.foundation/"> LINK</a> to check whether you qualify for the $ARB token airdrop.</p>



<p>Otherwise, eligibility for the airdrop was broken down into two periods &#8211; <a href="https://chaindebrief.com/aribtrum-nitro-announced-for-august/">pre and post Arbitrum Nitro.</a></p>



<figure class="wp-block-image size-full"><img decoding="async" width="971" height="747" src="https://chaindebrief.com/wp-content/uploads/2023/03/image-79.png" alt="" class="wp-image-37048" srcset="https://chaindebrief.com/wp-content/uploads/2023/03/image-79.png 971w, https://chaindebrief.com/wp-content/uploads/2023/03/image-79-300x231.png 300w, https://chaindebrief.com/wp-content/uploads/2023/03/image-79-768x591.png 768w" sizes="(max-width: 971px) 100vw, 971px" /></figure>



<figure class="wp-block-image size-full"><img decoding="async" width="558" height="582" src="https://chaindebrief.com/wp-content/uploads/2023/03/image-80.png" alt="" class="wp-image-37049" srcset="https://chaindebrief.com/wp-content/uploads/2023/03/image-80.png 558w, https://chaindebrief.com/wp-content/uploads/2023/03/image-80-288x300.png 288w" sizes="(max-width: 558px) 100vw, 558px" /><figcaption class="wp-element-caption">Image Courtesy: Arbitrum</figcaption></figure>



<p>By performing certain actions on the Arbitrum Network, users were awarded points, with a bias toward early adopters. For example, if users had bridged funds, conducted transactions on two distinct months, and interacted with four different smart contracts, and conducted $10,000 in transactions, they would be eligible for four points</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Happy to have helped <a href="https://twitter.com/arbitrum?ref_src=twsrc%5Etfw">@arbitrum</a> create a fairer airdrop which will give less to Sybil accounts and more to you! <a href="https://t.co/WL4l50ClJs">pic.twitter.com/WL4l50ClJs</a></p>&mdash; Alex Svanevik <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f427.png" alt="🐧" class="wp-smiley" style="height: 1em; max-height: 1em;" /> (@ASvanevik) <a href="https://twitter.com/ASvanevik/status/1636360194291822596?ref_src=twsrc%5Etfw">March 16, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>These points then translate to their respective airdrop entitlement (i.e. 4 points = 1,700 $ARB tokens)</p>



<h2 id="strong-tokenomic-breakdown-and-comparison-with-optimism-op-airdrop-strong"><strong>Tokenomic Breakdown and Comparison With Optimism $OP Airdrop</strong></h2>



<p>$ARB is set to go live with a maximum supply of 10 billion tokens, with a capped inflation rate of 2% annually.</p>



<p>According to their site, 11.62% of this, or 1.16 billion tokens, have been set aside for airdrops to reward Arbitrum users.</p>



<figure class="wp-block-image size-full"><img decoding="async" width="805" height="327" src="https://chaindebrief.com/wp-content/uploads/2023/03/image-81.png" alt="" class="wp-image-37050" srcset="https://chaindebrief.com/wp-content/uploads/2023/03/image-81.png 805w, https://chaindebrief.com/wp-content/uploads/2023/03/image-81-300x122.png 300w, https://chaindebrief.com/wp-content/uploads/2023/03/image-81-768x312.png 768w" sizes="(max-width: 805px) 100vw, 805px" /><figcaption class="wp-element-caption">Image Courtesy: Arbitrum</figcaption></figure>



<p>As Arbitrum is shifting toward a DAO governance format, a large part of the $ARB token allocation &#8211; 42.78%, will set aside for the DAO Treasury. The remaining allocation will be split between the team, investors, and protocols building on Arbitrum.</p>



<p>In comparison,<a href="https://chaindebrief.com/is-ethereum-set-for-the-next-chapter-claim-your-optimism-airdrop-now/"> fellow Layer 2 Optimism</a> distributed 5% of their total supply, or 200 million $OP tokens during their first airdrop. While more airdrops have since been conducted by Optimism, their native token is still valued at $2.4 with approximately a $760,000,000 market capitalization.</p>



<p>Should Arbitrum achieve the same valuation as Optimism, this could translate to each $ARB token being worth $0.105.</p>



<p><strong>Also Read: </strong><a href="https://chaindebrief.com/comparing-arbitrum-and-optimism-which-is-better/">Comparing Arbitrum And Optimism, Which Is Better?</a></p>



<p><em>[Editor’s Note: This article does not represent financial advice. Please do your research before investing.]</em></p>



<p><em>Featured Image Credit: ChainDebrief</em></p>

Arbitrum Confirms $ARB Airdrop: Here’s How To Check Your Eligibility

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