The developers Ethereum Layer-2 network Arbitrum planned an airdrop for March 23, 2023, followed by a transition to a decentralised governance model (DAO).
Wen? Now. ???? pic.twitter.com/CysJ9nPP3Z
— Arbitrum (?,?) (@arbitrum) March 16, 2023
ARB token holders will be able to vote on matters concerning the Arbitrum One and Arbitrum Nova networks, including changes to the code.
According to the statement, the team will distribute among the first users and investors 44% of the total supply of 10 billion ARB tokens. Additionally the community and the DAO will receive assets enabling them to control 56% of the voting power.
The first phase, which will take place on March 23, will distribute 12.75% of the total token supply.
“For me, the most exciting part is decentralisation—the fact that Offchain Labs will no longer have any control over the network’s future. We will remain a service provider, and if the DAO calls on us to build software, we will do so,” commented Stephen Goldfeder, CEO of the project’s development firm.
Users of Arbitrum can check how many tokens are available for distribution to their addresses at this link.
In February, the developers of the L2 solution Optimism announced the second airdrop. During the first distribution of OP tokens in May 2022 distributed nearly 232 million tokens.
In January, the daily transaction volume on Optimism surpassed the corresponding figure for Arbitrum.