Breaking: Arbitrum To Airdrop ARB Tokens In March, Complete Details Inside

Pratik Bhuyan
March 16, 2023 Updated July 21, 2025
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Arbitrum Price Prediction

Arbitrum, a famous Layer 2 project on Ethereum, recently announced that they will be airdropping a governance token on March 23 with the ticker symbol ARB. This follows Arbitrum’s prior announcement that it intends to transition to a fully decentralized model. This airdrop will account for 12.75% of the token’s entire supply and will be given to users who have been active on the network within the past year.

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Arbitrum Launches Airdrop Campaign

According to the official blog post, ARB will mark the official transition for Arbitrum into a Decentralized Autonomous Organization (DAO). This means that holders of ARB will have the ability to vote on critical decisions governing Arbitrum One and Arbitrum Nova, which are networks that enable users to conduct transactions on the Ethereum blockchain at higher speeds with reduced fees.

Read More: Coinbase Delists 6 Top Altcoins Following Internal Review

Offchain Labs, the company developing Arbitrum, touted that the ARB token will make the ecosystem more decentralized than other scaling chains. This is despite the fact that the foundation intends to grant a substantial amount of tokens to its investors and core contributors (44%) of the total supply. However, it was made amply clear that the ARB token won’t be used for paying transaction fees on the network.

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ARB Airdrop Details

In February, Arbitrum collaborated with Nansen, a company that specializes in cryptocurrency analytics, to take a “snapshot” of user activity in order to identify who should be qualified to receive ARB tokens. The overall number of ARBs in circulation is capped at 10 billion. The Arbitrum community will have control over 56% of those tokens; as part of the airdrop, eligible users of Arbitrum will receive 11.5% of the total supply, and DAOs that make use of the Arbitrum ecosystem will receive 1.1% of the tokens.

The remaining community tokens will be transferred to a treasury that is managed by the new Arbitrum DAO. This treasury will provide holders of ARB the ability to vote on how the funds should be distributed. The remaining 44% of ARB’s total circulation will be distributed among the investors and staff members of Offchain Labs.

Users of Arbitrum will be able to verify whether or not they qualify for the airdrop and submit a claim for tokens by visiting the official website gov.arbitrum.foundation. Users are strongly advised to exercise caution while claiming the tokens due to rampant airdrop scams flooding the market.

Also Read: Coinbase Delists 6 Top Altcoins Following Internal Review

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Pratik has been a crypto evangelist since 2016 & been through almost all that crypto has to offer. Be it the ICO boom, bear markets of 2018, Bitcoin halving to till now - he has seen it all.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.