The Arbitrum Foundation said on Thursday that ARB, Arbritrum’s new token, will be airdropped to community members on Thursday, March 23.
Arbitrum users will be able to check their eligibility for the airdrop and claim tokens by visiting gov.arbitrum.foundation. Users are encouraged to use caution while claiming their tokens; scammers frequently use the occasion of airdrops to phish people via spoof websites and other schemes.
ARB’s total circulation will number 10 billion. The Arbitrum community will control 56% of those tokens – the airdrop will grant 11.5% of the total supply to eligible Arbitrum users, and 1.1% to DAOs that operate in the Arbitrum ecosystem. The remaining community tokens will go to a treasury controlled by the new Arbitrum DAO, which will allow ARB holders to vote on how to disburse the funds.
(By Sam Kessler)
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