Here is what the Airdrop is worth

Here is what the Airdrop is worth

The Ethereum Layer 2-scaling solution arbitrum has initiated its long-awaited token-airdrop, which brings in the entire community protocol government rights.

The governance token, Arb, is traded for $ 1.38 at the time of writing-a significant decline since the beginning of the airdrop.

• Arb rose to $ 8.67 per piece after his Airdrop at 9:05 a.m., before it quickly crashed to almost $ 1.00 $ within one hour.
• Strong data traffic at the time of dropping led to the claim website crashed.
• Applications as a delegate for Arbitrum ended on Wednesday, but those who are eligible for the airdrop still have 6 months to take up their tokens. "Gas fees will be quite high and there will be server relief", added arbitrum.
• On Thursday, 12.75 % of the entire Arb offer were distributed to individual token owners and Daos within the Arbitrum ecosystem.
• The top 3 daos in the airdrop included Gaming ecosystem treasure_dao ($ 8 million arb), the decentralized stock exchange GMX ($ 8 million arb) and uniswap ($ 4.3 million arb).
• "The hope and intention is that, by distributing Arbitrum Daos, we are able to further distribute the governance power among users than only assign those who were considered for the airdrop." Style = "Font-Weight: 400"> Arbitrum on Tuesday.
• The remaining distribution of arbitrum token remains assigned to the Dao-Treasury (42.78 %), team and consultant (26.94 %) and investors (17.53 %).
• Before the Airdrop, retailers were able to exchange guilt for actual Arb-token today, which were traded on Wednesday for around $ 6.00.
• Arbitrum is the largest Layer 2 scaling solution for Ethereum, which uses roll-up technology to handle cheap transactions in stacks on the main chain of Ethereum. Before the Airdrop, the daily Arbitrum transactions reached a record high.