How to Claim the Arbitrum (ARB) Airdrop
Everything You Need to Know About the ARB Airdrop
Starting March 23, 2023, eligible users can claim the Arbitrum (ARB) airdrop by going to the official Arbitrum website and connecting a Web3 wallet like MetaMask. Check out the official blog post, or keep reading to learn more.
NOTE: The URL you use the claim ARB is https://arbitrum.foundation/. That is the Arbitrum DAO website. You can get there from the technology-focused official website, https://arbitrum.io/ as well.
What is Arbitrum?
Arbitrum, the popular layer-2 scaling solution for Ethereum, has announced the launch of its native governance token, ARB. The token will be airdropped to eligible users and developers on March 23, 2023. Arbitrum utilizes Optimistic Rollups to lower gas fees and speed up transaction times, making it one of the most widely adopted layer-2 networks since its inception in 2021.
To be eligible for the airdrop, users must have interacted with Arbitrum before March 16, 2023. You must have also taken certain actions, including:
Bridged to Arbitrum
- You’ve bridged funds into Arbitrum One
- You’ve bridged funds into Arbitrum Nova
Transactions over Time
- You’ve conducted transactions during 2 distinct months
- You’ve conducted transactions during 6 distinct months
- You’ve conducted transactions during 9 distinct months
Transaction Frequency and Interaction
- You’ve conducted more than 4 transactions OR interacted with more than 4 smart contracts
- You’ve conducted more than 10 transactions OR interacted with more than 10 smart contracts
- You’ve conducted more than 25 transactions OR interacted with more than 25 smart contracts
- You’ve conducted more than 100 transactions OR interacted with more than 100 smart contracts
- You’ve conducted transactions with more than $10,000 in aggregate value
- You’ve conducted transactions with more than $50,000 in aggregate value
- You’ve conducted transactions with more than $250,000 in aggregate value
Assets Bridged to Arbitrum One
- You’ve deposited more than $10,000 of assets
- You’ve deposited more than $50,000 of assets
- You’ve deposited more than $250,000 of assets
Activity on Arbitrum Nova
- You’ve conducted more than 3 transactions
- You’ve conducted more than 5 transactions
- You’ve conducted more than 10 transactions
Points scored (minimum of three) before Arbitrum Nitro launched are worth double. Sybil detection criteria was also used and affected eligibility.
You can verify your eligibility on the official website linked above. If you’re eligible, claiming your share of ARB tokens is as simple as connecting your Ethereum wallet.
ARB Eligibility Method: Arbitrum collaborated with crypto analytics firm Nansen to determine ARB token eligibility based on user activity.
How to Claim the ARB Airdrop
Assuming you are eligible:
- Connect to the official Arbitrum website using a web3 ETH wallet, for example, MetaMask.
- Add the Arbitrum One network using the automated prompt.
- Approve Arbitrum One and switch to the network using the automated prompt.
- Click the “Check Eligibility” button on the Arbitrum website (blue button in the middle of the home page).
- A page will come up telling you if you are eligible and how many tokens you qualify for.
How Much ARB Will I get?
A point-based system has been established to reward early adopters and calculate the number of tokens they’ll receive during the airdrop. For every meaningful action users completed before the snapshot on Feb 6, 2023, at block height #58642080, they earn one point. To qualify for the airdrop, participants must have a minimum of three points and can accumulate up to 15 points.
Your point total will then determine how many ARB tokens you get:
|Points Scored||Number of Tokens Received During Airdrop|
|12 or more||10,250|
What is ARB?
The ARB airdrop marks a pivotal moment for Arbitrum and the entire Ethereum ecosystem. It will enable users and developers to participate in Arbitrum’s governance and earn rewards for their contributions.
Key highlights of the Arbitrum ARB airdrop include:
- Pro-rata distribution of ARB tokens to all eligible users and developers.
- Listing of ARB token on multiple exchanges following the airdrop. For example, you can trade ARB on Bybit.
- Use of ARB token for governing the Arbitrum network.
Stay tuned for more updates and detailed information about the Arbitrum ARB airdrop. As the event unfolds, we’ll keep you posted on the latest developments and any new opportunities arising from this exciting launch.
ARB Circulation: The total circulation of ARB will be 10 billion, with 56% controlled by the community and 44% allocated to investors and core contributors of Offchain Labs.
FACT: The launch of ARB coincides with the introduction of Arbitrum Obit, enabling third-party apps and protocols to build layer 3 blockchains on Arbitrum’s low-fee infrastructure.
"How to Claim the Arbitrum (ARB) Airdrop" contains information about the following Cryptocurrencies: