Arbitrum to airdrop ARB tokens to users on March 23

Ethereum (ETH) layer2 (L2) solution Arbitrum is set to airdrop ARB tokens to its community members on March 23.

According to a March 16 statement, Arbitrum Foundation further announced that the L2 solution would be pivoting into a decentralized autonomous organization (DAO) that would be governed by the ARB token.

This means that ARB holders would be allowed to make decisions that impact the operations and governance of the Arbitrum ecosystem.

“The $ARB token will facilitate the decentralization of the Arbirum network, and the $ARB airdrop will place the governance token in the hands of the users who are actively participating in the Arbitrum ecosystem.”

more details to follow

The post Arbitrum to airdrop ARB tokens to users on March 23 appeared first on CryptoSlate.