Learn about the Arbitrum airdrop rules in one article

Tonight, Arbitrum officially announced that it will airdrop the governance token ARB to its community members on March 23, and at the same time announced the details of the highly anticipated airdrop, Currently the query link has been published. According to the Arbitrum Foundation document, the ARB will mark the official transition of Arbitrum to a decentralized autonomous organization (DAO), meaning that ARB holders will be able to vote on key decisions governing Arbitrum One and Arbitrum Nova.

Currently, Aribtrum One network lock-up volume is 3.69 billion USD, Layer 2 market Accounting for nearly 55%, ranking first. The total initial supply of the Arbitrum token ARB is 10 billion, with a maximum inflation rate of 2% per year. In terms of token airdrops, 11.62% of the initial total supply will be airdropped to Arbitrum users, and 1.13% will be airdropped to the DAO treasury that builds applications on Arbitrum. The airdrop snapshot time is February 6.

The total circulation of ARB will reach 10 billion. The Arbitrum community will receive 56% - the airdrop will give 11.5% of the total supply to eligible Arbitrum users, 1.1% to DAOs operating within the Arbitrum ecosystem, and the remaining community tokens will go to be controlled by the new Arbitrum DAO treasury, which will allow ARB holders to vote on how to allocate funds.

Another 44% of ARB circulation will go to the team at Offchain Labs, the development company that built Arbitrum, and Investors, a slightly higher percentage than its competitor Optimism (note: Optimism allocates 36% of its tokens to investors and core contributors). CEO Goldfeder stated that tokens held by the team will be locked.

The specific token distribution is as follows:

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It is understood that Arbitrum worked with encryption analysis company Nansen to take a "snapshot" of user activity in February this year to determine who should be eligible to receive ARB tokens, depending on the following A few aspects:

1. Cross-chain to Arbitrum: funds have been transferred to Arbitrum One; funds have been transferred to Arbitrum Nova

2. Trading in different time periods: Trading in 2 different months; Trading in 6 different months; Trading in 9 different months

3. Trading frequency and interacted with: made 4+ transactions or interacted with 4+ smart contracts; made 10+ transactions or interacted with 10+ smart contracts; made 25+ transactions or interacted with 25+ smart contracts Interacted; conducted more than 100 transactions or interacted with more than 100 smart contracts;

4. Transaction value: conducted transactions with a total value of more than $10,000; conducted transactions with a total value of more than $50,000; conducted transactions with a total value of more than $250,000;

5. Provide liquidity: Deposited more than $10,000 of liquidity; deposited more than $50,000 Liquid Funds; Deposited Liquid Funds over $250,000;

6. Arbitrum Nova Activity: 3+ trades made; 5+ trades made; 10+ trades made.

1 point for each item, the point system is used to determine the tokens that the airdrop recipient can receive quantity. Points criteria are primarily focused on Arbitrum One; however, a small subset of criteria applies to activity on Arbitrum Nova. Points earned on Arbitrum Nova can net users up to 4 points, or an additional 1 point if they already have 4 or more points on Arbitrum One. Earn up to one point for each qualifying action taken before the snapshot date. Points are capped at 15 points. Additionally, since the entire airdrop is sized and designed to reward early adopters, credits earned before Arbitrum Nitro launch on the Arbitrum One mainnet (at least three) are worth twice as much as credits earned afterward.

The number of tokens received by different points is as follows:

In addition, in order to prevent bots from exploiting airdrops, the Arbitrum team has formulated some anti-sybil rules, including:

1. If all wallet transactions of the airdrop recipient occur within 48 hours, 1 point will be deducted.

2. If the airdrop recipient's wallet balance is less than 0.005 ETH, and the wallet has not interacted with more than one smart contract, subtract one point.

3. If the wallet address of an airdrop recipient is identified as a Sybil address during the Hop Protocol bounty program, the recipient will be disqualified.

For DAO airdrops, Arbitrum allocates a separate Airdrops (1.13% of the initial total supply), which are weighted based on a variety of factors, including the duration of the project on Arbitrum, on-chain TVL, whether the project is native to Arbitrum, and whether the project uses actual Fund operation on the chain.

Another 44% of ARB's circulating supply will go to the team at Offchain Labs, the development company that built Arbitrum, as well as investors, a percentage slightly higher than that of its competitor Optimism ( Note: Optimism allocates 36% of its Token to investors and core contributors). CEO Goldfeder said that the Token held by the team will be locked.

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