Arbitrum Starts To Fully Distribute 1.13% Of ARB For DAOs

Key Points:

• As part of its allocation, Arbitrum allocated over 90 million tokens to 125 DAO wallets.
• Currently the ARB token is said to be accumulating to increase sharply.
• The Arbitrum community finally agreed upon the proposals.

Arbitrum has started to completely distribute the inaugural ARB for DAOs in the ecosystem and the first batch will be delivered to DAOs that have validated the test distribution findings.

According to the previously disclosed information, this ARB allocation is not a gift but rather an initial ARB allocation of 1.13%.

Moreover, according to Ember, a chain analyst, the Arbitrum Foundation has transferred 90.14 million ARBs to 125 DAO addresses. Official records state that 112,834,000 ARBs will be airdropped to 137 DAOs.

According to data from the crypto intelligence tracker Spot On Chain, Treasure DAO acquired the most ARB tokens (8 million), with 60 other wallets receiving at least 75,000 ARB tokens apiece. The top 15 wallets that earned the most ARB are as follows:

The announcement of Arbitrum’s airdrop generated a good reaction from ARB, and the token’s price increased; nevertheless, analysts notice that it is now in a negative trend.

According to experts, ARB distribution is expected to continue. Experts classified ARB’s stages as accumulation, distribution, and growth, forecasting a large increase in the token’s price.

Previous to then, the Arbitrum Foundation had issued a slew of reform ideas in the aftermath of its first unsuccessful effort at governance.

AIP-1.1, which addresses a smart contract lockup timetable, expenditure, budget, and transparency, is among the new suggestions. AIP-1.2, on the other hand, addresses revisions to existing governance foundational documents and reduces the proposal barrier from 5 million ARB tokens to 1 million ARB to make more accessible.

Finally, an Arbitrum proposal passed a vote session without any disagreement or back and forth, as the DAO approved AIP-1.1 and 1.2. According to the findings, 99.15% of those who voted supported the AIP-1.2, while just 0.2% opposed it.

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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Harold

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