Everything you need to know about the Arbitrum Airdrop
Arbitrum, a popular layer 2 scaling solution for Ethereum, has been developed to revolutionize the Ethereum smart contracts by improving their speed, scalability, and privacy features. In addition, the platform is designed to facilitate developers to run Ethereum Virtual Machine (EVM) contracts and transactions on a second layer with enhanced security.
The team behind Arbitrum has recently announced the launch of its native token, ARB. As predicted in the speculative airdrop section, early users will be eligible to receive free tokens based on specific criteria. With a total of 1.162 Billion ARB allocated for the airdrop, it is set to be one of the biggest airdrops in the history of cryptocurrency.
If you want to claim your share of the free ARB tokens, you must follow a few steps to check your eligibility. The claim will go live on March 23rd, and the tokens will be listed on Binance immediately, enabling users to start trading right away.
This move will likely create more buzz around Arbitrum, which has already gained immense popularity among the Ethereum community. Furthermore, Arbitrum aims to expand its reach by launching its own token and establishing itself as a prominent player in the decentralized finance (DeFi) space.
In summary, Arbitrum’s launch of its native token is a significant development that could further increase the platform’s adoption among developers and users alike. With the promise of improved scalability, speed, and privacy features, Arbitrum is positioning itself as a game-changer in the world of smart contracts and DeFi.
Eligibility criteria for the Arbitrum airdrop
The eligibility criteria for the Arbitrum airdrop have been designed to ensure that genuine users who have interacted with the network are rewarded rather than those who try to exploit the system. To be eligible for the airdrop, users must have taken certain actions on or before February 6th, 2023, which is the date on which the snapshot for the genesis airdrop was taken.
In other words, if you’ve been an active user of the Arbitrum network over the past year, you could be eligible for the airdrop. The eligibility criteria are based on a point system, which considers various actions taken by users on Arbitrum One and Arbitrum Nova.
Some actions that can earn users points include bridging funds into the network, conducting transactions, depositing liquidity, and interacting with smart contracts. To be eligible for the airdrop, users needed to score a certain number of points based on their activity on the network. The idea behind this approach was to ensure that users genuinely interested in using the network are rewarded for their efforts.
It’s worth noting that the eligibility criteria for the Arbitrum airdrop have been designed to reward long-term users of the network. This means that users who have been actively using the network for longer are more likely to be eligible for the airdrop. In addition, the snapshot for the genesis airdrop was taken on February 6th, 2023, and no further snapshots will be taken.
In summary, the eligibility criteria for the Arbitrum airdrop are based on a point system that rewards users for their activity on the network. The focus is on rewarding genuine users who have been actively using the network over a longer period of time, rather than those who try to exploit the system. If you’ve been using the network and taking various actions, you could be eligible for the airdrop and receive free ARB tokens.
Here is an engaging step-by-step guide on how to claim your free ARB tokens through the Arbitrum airdrop:
Step 1: Visit the Arbitrum Airdrop Page The first step is to visit the Arbitrum airdrop page, where you can check your eligibility for the free ARB tokens. You can access the page through the official Arbitrum website or social media channels.
Step 2: Connect Your Wallet Once you’ve accessed the airdrop page, you’ll need to connect your wallet to the platform. Currently, supported wallets include Metamask, WalletConnect, and Coinbase Wallet.
Step 3: Check Your Eligibility After connecting your wallet, click on the “Check Eligibility” button. If you meet the criteria, you’ll see the number of tokens you can receive once the claim goes live.
Step 4: Eligibility Criteria Arbitrum has considered several qualifying actions to determine a user’s eligibility. These include bridging funds into Arbitrum One or Nova, conducting transactions, interacting with smart contracts, depositing liquidity, and completing transactions with a total value exceeding $10,000.
For more detailed information on the eligibility criteria, check out the official Arbitrum website or social media channels.
Step 5: Snapshot Date and Points System The snapshot of eligible users was taken on February 6th, 2023, at block height #58642080. A points system determines the number of tokens a user can claim, with a maximum of 10,200 ARB per wallet.
Step 6: Claim Your Tokens The claim for free ARB tokens will go live on March 23rd, and a comprehensive guide will be available on the Arbitrum website to help users through the claiming process. Once the claim is live, you can claim your tokens, which will be added to your wallet.
Step 7: Trade Your Tokens ARB tokens will be listed on Binance once the claim goes live, allowing users to trade them immediately. So if you’re interested in trading, be sure to check out Binance after you’ve claimed your tokens.
Step 8: Future Airdrops Users who continue to use the Arbitrum ecosystem, such as dApps like Vela Exchange and GMX, will be eligible for future airdrops. This is similar to the Optimism airdrop and incentivises users to continue using the platform.
In conclusion, the Arbitrum airdrop provides an excellent opportunity for users to claim free ARB tokens by following these steps.