Arbitrum Full Initial Token Release To Eligible DAOs This Week

Key Points:

• Arbitrum will release the initial token distribution to eligible DAOs in the ecosystem this week.
• Today the protocol will start testing trading for those publicly offering their treasury wallets.
• This token distribution is not a grant but 1.13% of the initial token distribution.

According to the official Twitter, Arbitrum has announced that they will release initial token distribution to eligible DAOs in the ecosystem this week.

As mentioned earlier in the Arbitrum Foundation documentation, a different distribution has been allocated for DAOs building applications in the ecosystem, and the Protocol Consortium, a collection of stakeholders, contributes Ethereum. When compiling these criteria, the protocol works with Nansen and analyzes on-chain data to determine the number of tokens each DAO community is issued.

Currently, most of the DAOs have publicly confirmed their target addresses for receiving the ARB airdrop. Today, the protocol will start testing transactions that publicly offer their vault wallets and will proceed with the distribution full this weekend and continue to wait for some DAOs to provide their addresses.

These tokens cannot be used to vote in any currently active snapshot proposal. This token distribution is not a grant but 1.13% of the initial token distribution.

This allocation does not come from the Arbitrum DAO treasury or the Foundation wallet. It is part of the initial airdrop token distribution, set aside until all DAO treasury wallets are collected and verified.

A points system was used to determine how many tokens an airdrop recipient could claim. The scoring criteria mainly focus on Arbitrum One; however, a small set of standards apply to work on Arbitrum Nova. Points earned on Arbitrum Nova can give the user up to 4 points or an extra point if they have scored four or more points on Arbitrum One. You earn up to one point for each qualifying action before the snapshot date. Scores are capped at 15.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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