Arbitrum Ecological Decentralized Derivatives Exchange, GMX, to Obtain Allocated Air Drop Token ARB from Arbitrum Builder Airport
It is reported that the Arbitrum Ecological Decentralized Derivatives Exchange GMX announced on social media that GMX will use the address 0x0263ad94023a5Df6d64f54BFEF089F1FBF8A4CA
It is reported that the Arbitrum Ecological Decentralized Derivatives Exchange GMX announced on social media that GMX will use the address 0x0263ad94023a5Df6d64f54BFEF089F1FBF8A4CA0 to obtain its allocated air drop token ARB from Arbitrum Builder Airport. GMX said that all ARB tokens will be stored in the vault and can only be used after obtaining the approval of Arbitrum DAO Community Governance to continue to jointly build the ecosystem.
GMX publicly discloses the receiving address of Arbitrum airdrop tokens, and all ARBs will be stored in the vault
Introduction
Arbitrum Ecological Decentralized Derivatives Exchange, GMX, recently announced on social media that it will obtain its allocated air drop token ARB from Arbitrum Builder Airport. GMX stated that all ARB tokens will be stored in the vault and can only be used after obtaining the approval of Arbitrum DAO Community Governance to continue to jointly build the ecosystem. In this article, we will take a closer look at GMX, ARB token, and Arbitrum DAO Community Governance.
GMX: An Overview
GMX is a decentralized derivatives exchange built on the Arbitrum network. The platform is designed to provide fast, secure, and low-cost trading of derivatives products. GMX exchange runs on the Ethereum Virtual Machine (EVM), and it utilizes Arbitrum technology to enhance its performance and user experience. The platform deploys smart contract technology to ensure the transparent and fair execution of trades.
ARB Token: A Detailed Description
ARB is a native utility token of the Arbitrum network. It is designed to facilitate the smooth running of the network and incentivize network participants. ARB token holders can stake their tokens to earn rewards and participate in network governance. The token is also used as a means of payment for transaction fees on the network. Since its launch in late July 2021, ARB token has seen significant adoption and a steady increase in its price.
Arbitrum DAO Community Governance: Function and Role
Arbitrum DAO Community Governance is a community-driven platform designed to facilitate network governance on the Arbitrum network. It is a decentralized autonomous organization (DAO) that enables ARB token holders to have a say in the development and direction of the network. The platform deploys a democratic process to make decisions, and token holders can participate in the process by staking their tokens and voting on proposals.
Obtaining ARB Token Allocation
GMX’s announcement of obtaining its allocated air drop token ARB from Arbitrum Builder Airport is a step towards enhancing its operations on the network. The token allocation serves as a reward for early adopters and contributors to the network’s growth and development. GMX will store the tokens in the vault, ensuring their safety and security, and only use them after obtaining the approval of the Arbitrum DAO Community Governance.
Conclusion
GMX’s announcement of obtaining its allocated air drop token ARB from Arbitrum Builder Airport marks a significant milestone towards the development of the Arbitrum network. ARB token’s utilization in network governance ensures that the network runs smoothly and incentivizes participation. Arbitrum DAO Community Governance’s democratic process allows token holders to participate in decision-making and enhances network engagement.
FAQs
1. What is GMX?
GMX is a decentralized derivatives exchange built on the Arbitrum network that provides fast, secure, and low-cost trading of derivatives products.
2. What is ARB Token?
ARB is a native utility token of the Arbitrum network that is used to facilitate the smooth running of the network and incentivize network participants.
3. What is Arbitrum DAO Community Governance?
Arbitrum DAO Community Governance is a community-driven platform designed to facilitate network governance on the Arbitrum network and enable ARB token holders to have a say in the network’s development and direction.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/daily/19377.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Tether Issues 1 Billion USDTs on Ethereum Network: An Authorized Transaction
According to reports, according to Whale Alert data, the stable currency issuer Tether issued 1 billion additional USDTs on the Ethereum network at 2:35:59 Beijing time on March 17. Tether Chief Technology Officer Paolo Ardoino added that this is an authorized but not issued transaction on the Ethereum network, which means that this additional issue will be used for the next release request and on-chain interaction. Tether issues 1 billion additional USDTs on the Ethereum network Analysis based on this information:Tether, a stable currency issuer, has reportedly issued 1 billion additional USDTs on the Ethereum network at 2:35:59 Beijing time on March 17, according to Whale Alert data. While this may seem like a sudden and significant increase in the supply of Tether’s stablecoins, it should be noted that Tether’s Chief Technology Officer Paolo Ardoino clarified that this was an authorized but not yet issued transaction. In other words, this additional issuance of USDTs serves as a contingency buffer, which…
-
Pendulum Launches Main Network of Polkadot
On March 1, it was reported that Pendulum had launched the main network of Polkadot, marking the first stage of the project\’s road map. In its three-stage road…
-
Ejara Completes Round A Financing: Accelerating Financial Solutions with Blockchain
It is reported that the DeFi service platform Ejara, which aims to improve financial solutions through blockchain, has announced the completion of a round A financing, with the spe
-
Testing the Future of Cryptocurrencies with Coinbase Faucet
On February 22, Coinbase Wallet announced the launch of the multi-chain test network integration function Coinbase Faucet on social media. At present, it suppo…
-
Sun Yuchen Transfers over $350 Million in USDC to Coinbase
On March 16th, according to Lookonchain monitoring, Sun Yuchen has transferred 351.6 million USDCs to Coinbase after Coinbase resumed the conversion of USDCs to US dollars. Sun Yuchen has transferred over 350 million USDCs in total after recovering the conversion between USDCs and US dollars in Coinbase Analysis based on this information:According to recent reports, Sun Yuchen, the founder of the TRON blockchain network and CEO of BitTorrent, has transferred 351.6 million USDC, a popular stablecoin pegged to the US dollar, to Coinbase. This announcement comes after Coinbase resumed the conversion of USDCs to US dollars, which was paused due to an issue with PayPal earlier this month. The move by Sun Yuchen raises several questions about his intentions with this vast sum of digital assets. One possibility is that he may be diversifying his crypto portfolio and shifting his holdings into more stable and liquid assets. The USDC is considered a stablecoin because it is pegged to the US…
-
What Does the Bear Market in the Cryptocurrency Space Mean (Major Bull Market in the Cryptocurrency Space)
What does the bear market in the cryptocurrency space mean? This concept of trad
-
Powell’s Keynote Speech Focuses on Ending “Too Big to Fail”
It is reported that the Chairman of the Federal Reserve, Powell, delivered an Ending “Too Big to Fail” keynote speech at the 2013 meeting of the International Bankers Association in Washington. In his first speech as a member of the Federal Reserve, he discussed how to deal with bank runs. In January 1991, there was the third largest bank failure in the history of the United States. The financial system and the overall economy were under great pressure. 45 banks were closed and 300000 accounts were affected. At that time, the problem was that either the Federal Deposit Insurance Corporation of the United States protected all bank depositors without considering the deposit insurance limit, or it might face a more severe panic run. At last, the Federal Reserve decided to ignore the maximum insurance amount and protect the full amount in each account. Powell proposed to protect the full amount of each account in the collapse of the third largest…
-
The Failure of Silvergate: A Result of Banking Industry’s Decision to Follow Rules
On March 9, Adam Cochran, partner of Cinneamhain Ventures, tweeted that the failure of Silvergate was not due to the risks or illegal acts related to cryptocurr
-
British Government and Bank of England Discuss Silicon Valley Bank Collapse
According to reports, the British Ministry of Finance stated that the British Chancellor of the Treasury had a talk with the governor of the Bank of England on
-
Cardano’s Achievements in 2022: An Overview of the First Annual Report by the Cardano Foundation
On April 22nd, the official website of the Cardano Foundation released its first annual report, which reviewed the achievements of the blockchain throughout 2022. The report points