Delphi Digital announces an ARB governance token airdrop by Arbitrum

03/23/2023 04:34 • Metaverse & Beyond • 77 views

On March 23rd, Delphi Digital, a cryptographic research institute, said on Twitter that within less than 24 hours, Arbitrum will launch an ARB governance token airdrop, with approximately 625000 wallets eligible. In Arbitrum’s distribution model, more than 135000 wallets have been identified as witch wallets. According to the previously disclosed allocation plan, Arbitrum will allocate 12.75% of the token supply, or 1.275 billion tokens, to community members and DAOs in the ecosystem.

Delphi Digital: There are over 135000 witch wallets in the Arbitrum distribution model

Introduction

On March 23rd, Delphi Digital, a cryptographic research institute, announced on Twitter that within less than 24 hours, Arbitrum would be launching an ARB governance token airdrop. The tweet further noted that approximately 625,000 wallets would be eligible for the airdrop, with more than 135,000 wallets identified as witch wallets in Arbitrum’s distribution model. This article will explore this development and provide insights into the distribution plan for the ARB governance token.

The ARB governance token airdrop

An airdrop is a distribution model used by decentralized finance (DeFi) projects to reward their ecosystem participants, such as liquidity providers and regular users. It primarily involves a free token distribution to community members who meet specific eligibility requirements. In this case, Arbitrum is launching an ARB governance token airdrop, which is aimed at rewarding participants for their community support.

Eligibility for the ARB governance token airdrop

According to the tweet from Delphi Digital, approximately 625,000 wallets would be eligible for the ARB governance token airdrop. However, more than 135,000 wallets have been identified as witch wallets in Arbitrum’s distribution model. The term witch wallet refers to wallets that fall outside of the airdrop eligibility requirements. The identification of witch wallets in advance helps to ensure that only deserving members of the community receive the airdropped tokens.

The allocation plan for the ARB governance token

In line with its distribution plan, Arbitrum has allocated 12.75% of the token supply, which represents 1.275 billion tokens, to community members and DAOs in the ecosystem. This allocation is meant to reward members who have helped grow and support the platform. According to the plan, eligible participants will receive a portion of the 1.275 billion tokens based on their participation level.

Conclusion

The announcement of the ARB governance token airdrop by Arbitrum is a significant development in the DeFi space. It is aimed at rewarding the platform’s community members for their support and contributions to the ecosystem. The identification of witch wallets ensures that only deserving participants will receive the airdropped tokens. It is essential to note that the token airdrop is part of the distribution plan for the ARB governance token. Therefore, it is crucial to stay informed on further developments.

FAQs

What is an airdrop in the DeFi space?

An airdrop is a token distribution model employed by DeFi projects to reward their ecosystem participants.

Who is eligible for the ARB governance token airdrop?

Approximately 625,000 wallets are eligible for the ARB governance token airdrop.

What is the allocation plan for the ARB governance token?

Arbitrum has allocated 12.75% of the token supply, which equates to 1.275 billion tokens, to community members and DAOs in the ecosystem, depending on their participation level.

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