Arbitrum is a layer 2 scaling solution built on top of Ethereum. The platform offers the top-notch security of Ethereum without the hefty transaction costs. Reports suggest that the developer count on Arbitrum has grown 50% year-on-year in 2023.
This has translated into an improved market performance of its native token ARB. Experts think that the surprise element and speculation around ARB’s airdrop must have also contributed to the price pump.
What is Arbitrum?
Arbitrum is what is known as an optimistic roll-up built over Ethereum. The platform acts as a secondary chain over Ethereum’s main chain.
This will allow Arbitrum to take the transaction processing and batching off the Ethereum mainnet.
This will prevent the bottlenecks that have been plaguing Ethereum. Arbitrum is powered by its native token ARB.
How To Claim The Arbitrum Crypto Airdrop?
[Crypto Airdrops Event is Live]
Step 1: Visit the Official Website
- Find the Airdrop Page: Start by locating the official page for the airdrop. This can usually be found on the project’s official website, social media channels, or community forums.
- Stay Updated: Keep an eye on official announcements and project updates to stay informed about the airdrop and any changes or new requirements.
Step 2: Checking Eligibility & Follow These Instructions
- Read Requirements: Carefully review the eligibility criteria specified for the airdrop. These criteria might include:
- Minimum token holdings in your wallet.
- Completion of specific tasks (e.g., joining a Telegram group, following on Twitter).
- Holding tokens for a certain period.
- Evaluate Your Status: Ensure that you meet all the necessary conditions to be eligible for the airdrop.
- Instructions Overview: Review the instructions provided for participating in the airdrop. These may include:
- Connecting your crypto wallet.
- Confirming your participation in the airdrop event.
- Completing any required tasks, such as social media engagements or referrals.
- Follow the Steps: Execute the steps as outlined by the project.
Step 3: Hold Crypto Tokens
- Token Requirements: Verify the amount of crypto tokens you need to hold in your wallet to qualify for the airdrop.
- Duration and Conditions: Check how long you need to hold the tokens and if there are any other specific conditions or deadlines.
Step 4: Confirm Eligibility and Claim
- Connect Your Wallet: Use the project’s platform to connect your crypto wallet (e.g., MetaMask, Trust Wallet).
- Confirm and Sign: Sign the transaction to confirm your eligibility. This process will verify your participation and check if you meet the requirements.
- Check Eligibility: If you are eligible, proceed to claim your tokens. If not, you might try another wallet that could be eligible.
Step 5: Token Rewards Distribution
- Wait for Distribution: After confirming your participation and eligibility, wait for the tokens to be distributed to your wallet.
- Timeframe: Tokens and any additional rewards (e.g., NFTs) should appear in your wallet within approximately 1 hour.
Tips for a Successful Airdrop Participation:
- Security First: Always ensure you are on the official airdrop page to avoid phishing scams.
- Stay Informed: Regularly check for updates from the project team regarding the airdrop status.
- Multiple Wallets: If you have multiple wallets, check each for eligibility to maximize your chances of receiving the airdrop.
By following these steps, you can successfully participate in a crypto airdrop and potentially earn valuable tokens. Happy claiming!
Who Was Eligible For The Airdrop?
The Arbitrum airdrop that went live on March 23, 2023, had a set of criteria in place for users to qualify for.
These included the number of months of transaction history on Arbitrum, total value of transactions, activity on Arbitrum One, etc.
However, rules that prevent people from joining the network only for the airdrops were also framed.
Launch Date Of Arbitrum Airdrop:
The Arbitrum token airdrop started on March 23 and is still ongoing, so there’s still time to claim your free tokens. Make sure to check your eligibility and participate before it’s too late!.On the launch day, 1.162 billion ARB tokens were airdropped to individual wallets, which make up 11.62% of the total token supply of 10 billion. The token allocation was as follows.
| Arbitrum DAO Treasury | 42.78% |
| Team, Future Team + Advisors | 26.94% |
| Investors | 17.53% |
| Individual Wallets | 11.62% |
| Daos in Arbitrum Ecosystem | 1.13% |
Tokens Allocated to DAO Treasuries
The criteria to allocate the ARB tokens to the protocols also followed a set of rules. The major factors included the time of deployment, number of transactions, value of transactions, etc.
Allocation of ARB to developers was to incentivize them to tweak Arbitrum from the perspective of creators.
Tokens Allocated to Team and Investors
Over 4.4 billion ARB tokens have been locked up for four years. The first installment of tokens was unlocked last week, on 23 March 2024. The next unlocking will happen on April 23 and continue every month until March 2027.
$ARB Performance
Launching in March 2023 at $1.32, ARB suddenly slipped from its opening price and has been trading at around $1 for most of the remaining 2023.
This got better by the end of December when the token started showing signs of recovery. In mid-January 2024, ARB hit an all-time high of $2.32.
At the time of writing, the token is trading at $1.49, which is 7.3% down from yesterday.
The market capitalization is just shy of $4 billion and the 24-hour trading volume is $450 million, nearly 45% above yesterday’s numbers.
Maximise The Arbitrum Airdrop
Arbitrum airdrop can be considered a classical example of effective marketing by giving away its tokens. Rumors about the airdrop of ARB had been around since as early as 2021 when the Arbitrum platform was launched.
The topic re-entered the discussion forums in 2022 when Arbitrum Odyssey was launched. When the crypto market started to recover in 2023, the rumors became louder.
After all the drama, Arbitrum finally announced ARB on March 16, 2023. The token was airdropped as scheduled on the following week March 23, 2023. Almost exactly a year later, ARB is showing great promise against the backdrop of the impending Bitcoin halving event.
