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03/20/2023

Arbitrum Announces Airdrop for DAO Projects in Its Ecosystem

Following its recent airdrop for early adopters, Arbitrum has now unveiled a new airdrop allocation specifically for DAO projects within its ecosystem. Arbitrum Announces Airdrop for DAO Projects in Its Ecosystem On Twitter, Arbitrum stated that distributing governance tokens to a broader range of entities is crucial. Consequently, the Layer-2 ecosystem has decided to allocate a portion of its airdrop to DAO organizations that meet certain criteria. The total amount of tokens allocated will b

Arbitrum Announces Airdrop for DAO Projects in Its Ecosystem

Following its recent airdrop for early adopters, Arbitrum has now unveiled a new airdrop allocation specifically for DAO projects within its ecosystem.

Arbitrum Announces Airdrop for DAO Projects in Its Ecosystem

Arbitrum Announces Airdrop for DAO Projects in Its Ecosystem

On Twitter, Arbitrum stated that distributing governance tokens to a broader range of entities is crucial. Consequently, the Layer-2 ecosystem has decided to allocate a portion of its airdrop to DAO organizations that meet certain criteria.

The total amount of tokens allocated will be approximately 113 million ARB, representing 1.13% of the total supply.

"DAO projects on Arbitrum with a Treasury fund will be eligible for this airdrop. The one exception to this rule is Protocol Guild, a collective of core developers and contributors working on Ethereum."

Arbitrum clarified that this airdrop is not the same as a Grant program. As such, there will be separate future allocations under the Grant category to provide additional funding for projects within the ecosystem to continue building on the network.

The top 10 projects receiving the largest airdrop allocations include well-known names such as Treasure, GMX, Sushiswap, and Curve. To learn more about standout projects in the Arbitrum ecosystem, check out the article linked below.

Read more: Top 8 Notable Projects in the Arbitrum Ecosystem for 2023

This additional token allocation by Arbitrum is critical for driving development and retaining users, particularly as on-chain data points to a growing trend of capital flowing toward ecosystems that have yet to launch tokens — in search of airdrop opportunities.

Previously, on March 16, Arbitrum launched its ARB token and allocated 11.62% of the total supply to users who had engaged with its products early on.