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Arbitrum Project Will Hold an Airdrop of its Native Token ARB

Arbitrum Project Will Hold an Airdrop of its Native Token ARB

The early adopters and investors of the Arbitrum network will receive 44% of the total supply of 10 billion ARB tokens in an airdrop on March 23.

This will be followed by a transition to a decentralized governance model (DAO) wherein members of the community and the DAO can have control over 56% of the votes.

The first stage of this transition will be the distribution of 12.75% of the coins. Steven Goldfeder, CEO of the project developer, has commented:

“For me, the most exciting part is decentralization, the fact that Offchain Labs will no longer have any control over the future of the network. We will remain a service provider, and if the DAO calls us to create software, we will do it.”

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