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Distribute governance tokens to DAO
Cryptocurrency (virtual currency) Ethereum (ETH) L2 “Arbitrum” started airdrop (distribution) of ARB tokens to DAO (Distributed Autonomous Organization) on the 25th.
The full distribution of the DAO airdrop will take place today with those that have confirmed receiving the test transaction that was sent earlier last week.
For more details on the DAO distribution, please read the thread below.
— Arbitrum (
, 
) (@arbitrum) April 24, 2023
It will distribute 113 million ARB tokens (worth about 21 billion yen) allocated to 125 DAOs in the ecosystem. Arbitrum has been sending test messages to DAO addresses to be distributed since the 19th, and full-scale distribution has begun upon completion of the test.
Major recipients of ARB tokens are Treasure DAO, SushiSwap, Dopex, Radiant, Balancer and others. Treasure DAO and GMX have the most allocations, 8 million tokens each. SushiSwap, Balance, Uniswap, Curve and Dopex will each receive 3-5 million tokens.
What is Arbitrum
A project to develop an L2 solution that utilizes a technology called Optimistic Rollup. While utilizing the security of Ethereum’s blockchain, we aim to eliminate network congestion by processing some transactions off-chain.
Cryptocurrency Glossary
Role of ARB Token
ARB is a token that enables governance by a community-driven DAO.
Arbitrum aims to improve the scalability of Ethereum, but on top of that, it emphasizes the decentralization of the chain in terms of increasing security and reliability.
“To build a secure and decentralized L2, we need to remove the centralized point of chain control,” he says. But at the same time, he also pointed out that when the rollup technology is upgraded, it needs someone to manage it.
ARB tokens help the community share the power to manage upgrades. Allows ARB holders to participate in decision-making by voting.
Arbitrum has two blockchains, “Arbitrum One”, which is ideal for DeFi, and “Arbitrum Nova,” which is specialized for games, but ARB token holders can vote on both protocols. . It is also possible to transfer the right to vote to another person.
What is rollup
A scaling solution that reduces network congestion by processing some transactions off-chain (outside the blockchain) while leveraging the security of the main blockchain.
Cryptocurrency Glossary
Airdrop in March
An airdrop of ARB tokens had already taken place in March for users with a relatively high participation score in the Arbitrum.
Some hope that this additional distribution of 113 million tokens will help increase liquidity across DeFi (decentralized finance) projects that use Arbitrum.
connection: Ethereum L2 “Arbitrum” to decentralize operations to implement its own token distribution
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