Arbitrum’s ARB Coin airdrop on Thursday, March 23 is accompanied by the listing news of major centralized exchanges. It has been reported that it plans to list 5 major exchange altcoin projects.
5 major exchanges open their lists on altcoin airdrop day
MEXC, Huobi, OKX, Bitrue, and Bybit have confirmed that they will list ARB Coin on Thursday, March 23, which will also be the date the tokens will be airdropped.
📣 #Bybit is excited to announce the upcoming listing of $ARB on our Spot trading platform! @arbitrum
🗓 Mar 23, 2023.
Find out more here: https://t.co/WO6PzlrsBt
Join the special giveaway here: https://t.co/ixutTq6h6b#TheCryptoArk #BybitSpot pic.twitter.com/MhXEXk54vO— Bybit (@Bybit_Official) March 17, 2023
cryptocoin.com In a recent article, we provided details about the Arbitrum airdrop and that ARB Coin will play an important role in the transition to DAO. This development attracted great interest from the crypto community and was hailed as an important milestone in the evolution of Blockchain technology. Arbitrum managed to reach trends on Twitter after the announcement.
What you need to know about Arbitrum (ARB) and airdrop activity
Arbitrum is the second layer scaling solution for Ethereum that allows developers to build faster, cheaper and more scalable decentralized applications. The platform has been gaining popularity in recent months due to its high transaction speeds and low gas fees making it a popular choice for developers and users alike.
As part of its efforts to further grow its user base and increase adoption, Arbitrum plans to airdrop 12.75% of its total cryptocurrencies to users next Thursday. The developers have created a special points system that takes into account various metrics to determine how much airdrop each user will receive.
Today The Arbitrum Foundation is extremely excited to announce the launch of DAO governance for the Arbitrum One and Arbitrum Nova networks, alongside the launch of $ARB. https://t.co/TB3wG0QK0v
— Arbitrum (💙,🧡) (@arbitrum) March 16, 2023
According to DefiLlama, Arbitrum is currently the fourth largest network in terms of TVL (Total Value Locked), after Ethereum, Tron (TRX) and BNB Smart Chain with a combined value of $1.77 billion. This volume is a key indicator of the platform’s growing popularity and its potential to compete with some of the biggest names in the blockchain space.
Altcoin airdrop event receives support from major centralized exchanges
The decision of these five major exchanges to list the ARB airdrop is a significant development for the altcoin and helps it further increase its popularity and adoption. TVL and its overall market cap are expected to continue to grow in the coming months as more users and developers realize the benefits of the Arbitrum platform.
About using ARB Coin and DAO
ARB Coin will only be used for the administration of the protocol, unlike ETH, which is used to pay Ethereum (and Arbitrum) fees. The DAO management at Arbitrum is self-executing, which means its votes will directly influence and enforce decisions on the Blockchain without the involvement of an intermediary. The voting process takes at least 21-37 days for a proposal to run, giving users time to react to any changes.
