Last night, Arbitrum officially announced the launch of DAO governance and the governance token ARB for Arbitrum One and Arbitrum Nova networks. At the same time, it announced the details of the highly anticipated AirDrop, and AirDrop qualification inquiries are now open.
The total initial supply of the Arbitrum token ARB is 10 billion pieces, with a maximum inflation rate of 2% per year. In terms of token AirDrop, 11.62% of the initial total supply will be AirDrop to Arbitrum users, and 1.13% will be AirDrop to the DAO treasury that builds applications on Arbitrum. The AirDrop snapshot time is February 6 (Arbitrum One block height 58642080). The specific token distribution is as follows:
- 42.78% (4.278 billion pieces) Arbitrum DAO treasury;
- 26.94% (2.694 billion pieces) are allocated to the Offchain Labs team/future team and consultants;
- 17.53% (1.753 billion pieces) will be allocated to Offchain Labs investors;
- 11.62% (1.162 billion pieces) were allocated to Arbitrum users through AirDrop;
- 1.13% (113 million tokens) is allocated to DAOs building applications on Arbitrum (via AirDrop).
In terms of AirDrop qualifications that everyone is most concerned about, Arbitrum has developed a point system with a limit of 15 points. The point standard mainly tracks user activities on Arbitrum One; a small part of the standard applies to activities on Arbitrum Nova, and Arbitrum Nova users can get 4 points (plus 1 point if you already have 4 points or more on Arbitrum One).
Earning points on Arbitrum One is eligible for:
- Bridge funds to Arbitrum One;
- trade in two different months;
- traded in different six-month periods;
- traded within nine months;
- Conducted more than four transactions or interacted with more than four different smart contracts;
- Conducted more than ten transactions or interacted with more than ten different smart contracts;
- Make more than 25 transactions or interact with more than 25 different smart contracts;
- Conducted more than 100 transactions or interacted with more than 100 different smart contracts;
- The total amount of transactions conducted exceeds US$10,000;
- Conduct transactions with a total value in excess of $50,000;
- Conducted transactions with a total value in excess of $250,000;
- Deposit liquidity in excess of $10,000 into Arbitrum;
- Deposit more than $50,000 in Liquidity to Arbitrum;
- Deposit more than $250,000 in Liquidity with Arbitrum;
- Arbitrum Nova points earning eligibility:
- Bridge funds to Arbitrum Nova;
- Conducted more than three transactions;
- Conducted more than five transactions;
- More than ten transactions have been carried out.
The number of tokens that can be exchanged for points:
Arbitrum also instituted some anti-witch rules, including:
- If all wallet transactions of the AirDrop recipient occur within 48 hours, 1 point will be subtracted.
- One point is subtracted if the AirDrop recipient has a wallet balance of less than 0.005 ETH and the wallet has not interacted with more than one smart contract.
- If an AirDrop recipient's wallet address is identified as a Sybil address during the Hop Protocol bounty program, the recipient will be disqualified.
In terms of DAO AirDrop, Arbitrum allocates separate AirDrop(1.13% of the initial total supply) to DAOs building applications in its ecosystem and to the Ethereum contributor organization Protocol Guild. These AirDrop tokens are weighted based on a variety of factors, including The duration of the project on Arbitrum, the on-chain TVL, whether the project is native to Arbitrum, and whether the project operates with actual on-chain funds.
