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 encourages users and potential users to use a platform or token, is aimed at helping token adoption quickly.
The Arbitrum (ARB) token airdrop is about to happen, and this is how you can safely claim your ARB.
When is the Arbitrum Network airdrop?
Arbitrum is an Ethereum layer-2 scaling solution built to improve the scalability and performance of Ethereum smart contracts. Since its launch in August 2021, the network has been under the sole authority of Offchain Lab. However, the introduction of the ARB governance token will eliminate centralized control and become community governed.
The Arbitrum airdrop and launch on March 23, 2023, will award a percentage of total tokens to qualified ARB users, with some users eligible to claim thousands of ARB tokens based on their interactions with the network.
How to claim an Arbitrum (ARB) airdrop
To participate in Arbitrum Airdrop first you need to visit Arbitrum Airdrop page where you can link your wallet with Connect Wallet option. Connected Wallet allows you to collect Airdrop Tokens and perform other activities and transactions on the Platform.
You must use an Ethereum wallet compatible with Arbitrum Token; That is, the wallet must be compatible with ERC-20 tokens. Arbitrum’s recommended wallets are Rainbow, Coinbase Wallet, MetaMask, WalletConnect, Trust Wallet, and LedgerLive.
The number of tokens you will receive from the ARB airdrop will depend on your eligibility score, which will be based on the number of criteria you meet. If you have less than three points, you will not be eligible to earn any amount from the airdrop. Depending on the number of points users earn, they can earn between 621 ARB and 10,250 ARB, the maximum number of tokens that can be allocated to a wallet.
You will not be able to claim your tokens until March 23, 2023, when claims go live. After that, the token will be listed on Binance, where you can start trading it immediately (in fact, some people have already started trading ARB tokens!).
Of the 10 billion ARB units that are intended to be its maximum supply, Arbitrum will airdrop 11.62% to its early adopters and 1.13% to developers using Arbitrum to build apps. Like many crypto airdrops, Arbitrum aims to reward its early users, as only those who have interacted with the ecosystem to a certain extent by February 16, 2023 can benefit from it.
In addition, Arbitrum is trying to encourage more users to join its ecosystem, with the intention of launching more airdrops for users who continue to use the Arbitrum ecosystem.
Beware of Arbitrum Scams
Unfortunately, when a crypto airdrop gets that much publicity, it doesn’t take long for crypto scammers to turn around. Scammers have posted a number of fake links and websites with false promises of airdrop participation in an attempt to hack into users’ wallets even when they are not eligible, or gain early access to ARB tokens in order to get ahead of the market.
As the airdrop date draws closer, it’s important to exercise caution to make sure you’re using the right method and not falling prey to scammers, especially if you’re eligible.
One way to avoid getting scammed is to make sure you only access Arbitrum airdrops through the Arbitrum Foundation, the official site for the project.
Arbitrum is an exciting Ethereum project
The hype surrounding the Arbitrium airdrop is understandable. It is already a popular Ethereum Layer 2 solution with many users and supporters around the world. The rollout of its cryptocurrency has been a boon for those users, and we’ll be interested to see where it takes them in the coming months. Just beware of those Arbitrum airdrop scams.
From bitcoin to altcoins, the number of digital currencies continues to grow. The role of airdrops in increasing cryptocurrency adoption can hardly be overstated.
Crypto airdrops have provided an opportunity for many people, especially novices and those with little cash, to share in cryptocurrency largesse. But what exactly are cryptocurrency airdrops?
What is cryptocurrency airdrop?
An airdrop is a marketing strategy often employed by cryptocurrency founders where free tokens or coins are sent to a users wallet address – usually after performing certain actions.
These actions may include joining a Telegram group, following certain Twitter accounts, retweeting their tweets, filling out a form, or registering on a crypto project’s website. Crypto airdrop campaigns often reward participants with additional free coins when they refer others.