Arbitrum, a well-known Ethereum scaling solution, is getting ready for its eagerly awaited airdrop. Given this, experts have offered some insightful commentary on the nature of the airdrop and potential eligibility requirements. This article is all about What is Arbitrum and Arbitrum Airdrop. Let’s take a look at it in more detail.
What is Arbitrum?
A layer 2 solution called Arbitrum is intended to enhance Ethereum smart contracts’ functionality by increasing their speed and scalability and, in addition, by adding more privacy features. The platform’s goal is to let programmers reap the benefits of Ethereum’s top-notch layer 1 security while running unaltered Ethereum Virtual Machine (EVM) contracts and transactions on a second layer.
Arbitrum airdrop prospects
https://twitter.com/arbitrum_fi/status/1584645579661266944?s=20&t=ZupePuS10Qnn_TdqS9m09g
Additionally, rumors claim that Ethereum layer-two rollup Arbitrum may soon airdrop ARBI tokens. The tokens might show up in Q4 2022 or the beginning of 2023. Some recommend bridging to Arbitrum to get funds through in order to qualify.
Additionally, you may be eligible for some Arbitrum NFTs through the L2 solution that was announced earlier this year, Arbitrum Odyssey, which may be a requirement for the airdrop. The Odyssey had a schedule of weekly assignments that, when finished, qualified you for an NFT. Odyssey was put on hold by Offchain Labs so that Arbitrum could receive the Nitro upgrade. Due to the proximity of the Ethereum Merge to the Nitro upgrade, the Arbitrum team is most likely going to restart Odyssey soon.
The community should also prepare for Arbitrum to launch its token soon, before the start of the airdrop. These are some of the potential eligibility requirements in a four-point analysis as the distribution period for the airdrop appears to be drawing near.
It is advised for supporters who took part in the Odyssey Campaign but have not yet claimed their NFTs to link their MetaMask wallet to Arbitrum. In this regard, a link was offered. Between June 28, 18:00, and October 30, 17:59 (GMT+1), is the claimable period.
Participants who did not receive the NFT, however, should visit Stratos NFT, an NFT marketplace on Arbitrum, to buy a token. They will now have a position on the Arbitrum Discord server.
Proponents should bridge some of their ETH tokens from the Ethereum mainnet to the Arbitrum One Network after purchasing or claiming the NFT. Proponents are advised to interact with dApps on the Arbitrum network by using them for several transactions over many days after a successful bridge. The amount of money involved in transactions must be minimal.
The completion of Arbitrum tasks on Discord should then be a top priority for supporters. For this, they would require a wallet and a Discord account. To participate in the tasks, you only need ETH worth $5–$10 in total. Users who finish the tasks are rewarded and have a better chance of getting the next airdrop.
In conclusion, being active on the Ethereum network will probably improve your chances of receiving the airdrop. Proponents are advised to participate in on-chain activities and hold some ETH tokens, regardless of the amount. On the project snapshot, users can also cast their votes on the available proposals.
A step-by-step guide to receiving an Arbitrum airdrop
The network has experienced tremendous growth over the past few months, with Arbitrum now processing more than 200k transactions daily. Besides that, it has moved up to the top 6 projects by TVL, outranking Optimism, Solana, and Fantom. Despite the rise in usage, Arbitrum lacks a token. With a token reportedly launching in Q4 2022 or Q1 2023, this is about to change. It’s anticipated that the ticker will either be $ARBI or $ARB.
Therefore, it makes sense that network users will receive these tokens via airdrop in conjunction with a forthcoming token release. The following are the steps:
An airdrop is when a project gives away free tokens to many early adopters in exchange for their wallet addresses. Due to the numerous users, they will be reaching, airdropped tokens are most likely insignificant in quantity. Nevertheless, a spike in the price of these tokens could significantly raise their value over time.
The prominence of the scaling solution is an indication of how soon Arbitrum will start its airdrop and how significant it will be. In essence, Arbitrum is a layer-2 Ethereum blockchain solution.
By utilizing optimistic rollups, the platform aims to accelerate Ethereum transactions and lower transaction costs. With more than $1B in its total value locked, Arbitrum is one of the most successful Ethereum L2 scaling solutions (TVL).