For those who do not know what an optimistic rollup is, we got you covered with a simple explanation. A cryptocurrency airdrop is just what you’re looking for.
User airdrop eligibility details
On the downside, potential fraud challenges of optimistic rollups could lead to delays in transactions, since progress comes to a halt until it the dispute is resolved. Optimistic rollups assume all transactions as valid, hence an “optimistic” outlook. There is a time period during which users can dispute any suspicious transactions contained in a bundle. If a fraudulent transaction is detected, a fraud proof is executed which basically runs the correct transaction computation using the data on the main chain. The first thing to do to participate in Arbitrum Airdrop is to visit the Arbitrum airdrop page, where you can connect your wallet with the Connect Wallet option.
Arbitrum Is an Exciting Ethereum Project
- It is already a popular Ethereum Layer 2 solution with many users and supporters worldwide.
- It focuses on a particular point of disagreement over transaction history.
- The team has since then expanded to a global community of developers, academics and operators, with deep experience in cryptography, decentralized systems, and game theory.
- To claim your ARB tokens, you’ll need a wallet that’s compatible with the Ethereum network.
- But for Arbitrum, it has its own virtual machine called Arbitrum Virtual Machine (AVM).
The connected wallet allows you to collect the airdrop tokens and carry out other activities and transactions on the platform. Many crypto projects use airdrops to attract new users and increase token awareness. Free cryptocurrencies are shared with eligible users during airdrops based on certain criteria. The event, which incentivizes users and potential users to use a platform or token, aims to help the token get adopted early. ARB holders can vote on key decisions that will govern Arbitrum One and Arbitrum Nova with the introduction of the ARB token.
As of now, 56% of the overall ARB token supply how to buy nav coin is owned by the Arbitrum community, with 12.75% set to be distributed via airdrop to qualified users on Mar 23, 2023. The Arbitrum Foundation and DAO will dispense the remaining community-owned tokens gradually. Meanwhile, 44% of the total token supply will be allotted to investors and essential contributors.
What is an Optimistic Rollup?
The number of tokens you receive from the ARB airdrop will depend on your eligibility score, based on the number of criteria you meet. If you have fewer than three points, you won’t be eligible to earn any amount from the airdrop. Depending on the number of points users have, they can earn between 621 ARB and 10,250 ARB, the maximum number of tokens that can be allocated to a wallet.
To qualify for the airdrop, you need to have interacted with the Ethereum network before Feb 6, 2023 (check the official announcement for more details). If you haven’t already, this is where you will need to add the Arbitrum One network to your web3 wallet. The website will guide you through how to do this step by step after you connect your wallet, there will be a popup instructions box.
As described earlier, points scored before and after Arbitrum Nitro was deployed on Arbitrum One mainnet were weighted differently. If an address only became fully eligible (minimum of three points) post-nitro, all points scored counted as post-nitro points. Thus, the minimum airdrop entitlement is 625 tokens, half of the minimum entitlement in the table above; the maximum airdrop entitlement is tokens.
Mark your calendar for March 23, 2023, as the Arbitrum token airdrop goes live. Some of the top decentralized 11 11 dynamic memory allocation with new and delete finance (DeFi) protocols include Uniswap, Curve, Aave, Balancer, and SushiSwap. Additionally, Arbitrum is not without its native protocols built on the blockchain which include GMX, Radiant, Dopex, and Vesta Finance. Check out our LayerZero Airdrop Guide for another highly anticipated token airdrop. To claim the Arbitrum airdrop, you need to be eligible based on the points you earned according to the criteria outlined by the team.
Team and Investor Allocations
To claim your ARB tokens, you’ll need a wallet that’s compatible with the Ethereum network. While Newton isn’t affiliated with or endorses any particular wallets, there are many examples of such wallets including MetaMask, MyEtherWallet, and Trust Wallet. To ensure your eligibility to claim the airdrop, please connect the same wallet that you regularly use to interact with the Arbitrum network.
It aims to reduce Ethereum’s network congestion and transaction costs. Arbitrum does this by offloading computation and data storage from the main chain. Arbitrum’s AVM greatly improves optimistic rollups because it stores very little best cryptocurrency exchanges in the uk data on-chain for optimal scalability. Moreover, to address potential delays due to fraud challenges, the AVM uses pipelining to process multiple disputes, while verification nodes help speed up the process. Since optimistic rollups do not perform any computation by default, it offers massive improvements in scalability.