The airdrop concept is a strategy that has attracted the attention of crypto asset market players. The term airdrop refers to the free distribution of crypto coins or tokens to crypto enthusiasts. This practice is part of a marketing strategy developers use to increase the number of crypto holders and establish a community before the token launch.

 

Participation in the airdrop can be earned by completing simple tasks, including following or monitoring a particular coin’s official social media account. If the tasks according to the instructions are followed correctly, then the airdrop will automatically be sent to the recipient’s digital wallet address.

 

Please note that the main challenge faced by the Ethereum network is its limited scalability. In this case, layer 2 is a concept that has emerged as a solution to increase transaction capacity and overcome main network limitations. As one of the layer 2 implementations, Arbitrum is an effective scalability solution for Ethereum. By providing an additional layer on top of the main blockchain, Arbitrum enables faster transactions and lower fees without compromising the proven security levels of the Ethereum network.

 

So, to understand more about what Arbitrum Airdrop is, how its governance works, what Arbitrum coin (ARB) is, the difference between Arbitrum Rollup and Artbitrum AnyTrust, and the conditions for Arbitrum Airdrop, see the complete review below!

 

What is Arbitrum Airdrop?

 

 

Quoting airdrops.io, Arbitrum is a layer 2 solution designed to enhance Ethereum’s smart contract capabilities, increasing its speed and scalability while adding additional privacy features. The platform is designed to allow developers to run unmodified Ethereum Virtual Machine (EVM) contracts and Ethereum transactions on layer 2 while still getting the incredible layer 1 security of Ethereum.

 

Arbitrum has allocated a total of 1,162,00,000 ARB for the airdrop. Arbitrum’s speculative airdrop section predicted they had completed the first round of airdrops to various users. Apart from that, there will also be airdrops in the future for users who continue to interact with the Arbitrum ecosystem, such as interacting with decentralized applications (dApps).

 

How Does Arbitrum Governance Work?

Quoting docs.arbitrum.foundation, management of the Arbitrum Rollup protocol is driven by two governing bodies, namely the Security Council and Arbitrum DAO. The Security Council is a board of 12 entities elected by Arbitrum DAO members. The Board is responsible for ensuring the security and performance of Arbitrum through the selective application of emergency measures when necessary. Meanwhile, Arbitrum DAO is a global community of $ARB token holders and their elected representatives.

 

The DAO is responsible for administering Arbitrum and its Security Council. DAO could use constitutional proposals to change the powers of the Security Council or even eliminate the Security Council entirely. The powers of the Security Council are delegated to them by the DAO and must be used in the best interests of the DAO.

 

What is Arbitrum Coin (ARB)?

Quoting docs.arbitrum.foundation, with the approval of AIPs 1.1 and 1.2, the role of the Arbitrum Foundation was legally regulated, and funds were provided to the “Foundation’s Administrative Budget Vesting Wallet”. Distribution at the time of approval of these two AIPs is as follows:

 

Percentage of initial supply	Token amount	Allocated to
35,28%	3,528 billion	Cash Treasury Arbitrum DAO
26,94%	2,694 billion	Offchain Labs Team and Future Team + Advisory
17,53%	1,753 billion	Offchain Labs Investors
11,62%	1,162 billion	Arbitrum platform users (via airdrop to user wallet address)
7,5%	750 million	Arbitrum Foundation
1,13%	113 million	DAO that builds applications on Arbitrum (via airdrop to DAO cash address)

 

 

What is the Difference between Arbitrum Rollup and Arbitrum AnyTrust?

Quoting docs.arbitrum.io, Arbitrum Rollup is an Optimistic Rollup protocol that is trustless and permissionless. This property is partly achieved by demanding that all chain data be posted at layer 1. This means that the availability of this data directly follows from the security properties of Ethereum itself. In turn, any party can participate in validating the chain and ensuring its security.

 

In contrast, Arbitrum AnyTrust introduces an assumption of trust in exchange for lower fees. In this case, data availability is managed by the Data Availability Committee (DAC), a collection of persistent and permissioned entities.

 

Arbitrum introduces some threshold, K, assuming that at least K committee members are honest. In simple terms, Arbitrum will assume that the committee has a size of 20 and a K value of 2:

 

1. If 19 of the 20 committee members and the Sequencer were malicious and colluded, they could break the chain’s security (and, for example, steal user funds). It is a new belief assumption.
2. If between 2 to 18 committee members behave well, then the AnyTrust chain operates in “Rollup mode”. In other words, the data is posted in L1.

 

In a typical and ideal situation, where at least 19 of the 20 committee members behave well, the system operates without posting L2 to L1 chain data, and therefore, users pay much lower fees. That is the main advantage of the AnyTrust chain compared to rollups. Meanwhile, variations of the AnyTrust model in which new trust assumptions are minimized are under consideration.

 

What are the Requirements for Arbitrum Airdrop?

 

 

Quoting coinmarketcap.com, Arbitrum designed a set of criteria to determine which users are eligible for the airdrop and the amount for each user. The airdrop criteria include:

 

• Bridging transactions to Arbitrum
• The number of months in which transactions were made on Arbitrum
• Number of transactions carried out or interactions with the smart contract
• Aggregate value of transactions
• Activities on Arbitrum One and Arbitrum Nova

 

These criteria are further broken down into several groups that provide larger airdrops to reach higher groups. For example, under the “Transactions Over Time” criteria, making transactions during nine different months will earn a larger airdrop than just making transactions during two different months.

 

Anti-sybil rules are also implemented to deduct points from users who complete all eligible transactions within a 48-hour period or hold less than 0.005 ETH in their wallets and interact with no more than one smart contract. Wallets identified as sybil addresses in the “Bounty Hop Protocol” Program are also completely disqualified from receiving airdrops. Users can check the criteria they have met and the airdrop allocated on the official website of the Arbitrum Foundation.

 

Apart from the various DEXs on Arbitrum, users can also consider centralized exchanges (CEXs) if they want to sell ARB tokens. Several CEXs, including ByBit, OKEx, KuCoin, and others, have announced that they will list ARB on launch day.

 

How to Claim Airdrop Arbitrage?

Please note that Airdrop Arbitrum (ARB) has become one of the highly anticipated events in the crypto market after the success of the OP Optimism token airdrop. A total of 1,162,000,000 ARB has been allocated for the airdrop, which can be accessed starting March 23, 2023.

 

The following are the steps for claiming the Arbitrum airdrop, including:

 

1. First, access or visit the official Arbitrum airdrop page
2. Connect the crypto wallet used on the Arbitrum network. Make sure the wallet is connected before February 6, 2023, because the genesis airdrop snapshot was taken on that date
3. Click the “Check Eligibility” button to check whether you are eligible to claim ARB tokens
4. If you meet the requirements, the number of tokens you can claim will be displayed when claims open on March 23, 2023
5. Each user will receive a certain number of tokens according to the points system implemented by the Arbitrum team. To qualify, users must have at least three points, with the maximum number of points being 15. A single address is only permitted to receive a maximum of 10,200 tokens
6. The ARB tokens received will serve as governance tokens to vote on proposals crucial to network function. However, please note that ARB tokens will not be used to pay transaction fees on the network

 

Conclusion

In conclusion, Arbitrum Airdrop is one of the important events and innovative steps in the world of crypto assets. Arbitrum Airdrop can also have a big impact on the crypto ecosystem at large. This Airdrop is a momentum to increase participation in the Arbitrum network and provides an opportunity for token holders to play a role in decision-making through ARB tokens as a management tool.

 

Furthermore, it is important to continue monitoring the latest information regarding this airdrop program. Every step and decision can influence users and market dynamics in this case. Therefore, the entire crypto community needs to follow developments closely and participate wisely in this airdrop program.

 

With the various opportunities and changes occurring in the crypto ecosystem, a deep understanding will be the key to gaining optimal benefit from every opportunity, including the airdrop from Arbitrum.

 

Buy Arbitrum Token (ARB) on INDODAX

So, now you understand what Arbitrum Airdrop is, how its governance works, what Arbitrum coin (ARB) is, the difference between Arbitrum Rollup and Artbitrum AnyTrust, and the conditions for Arbitrum Airdrop.

 

Next, if you are interested in investing in crypto assets in Arbitrum tokens, it would be a good idea for you to first check the price of Arbitrum (ARB to IDR) on the IDR market on the INDODAX Market page.

 

After checking the price, you can buy the Arbitrum (ARB) crypto asset on INDODAX with the following steps, namely:

 

• Register on INDODAX if you are not yet a member, or log in to the INDODAX account you already have.
• Deposit by following the instructions on how to make a deposit.
• After successfully making a deposit and the balance recorded in your INDODAX account, please open the INDODAX Market page.
• Find ARB in the IDR Market, then click to access the crypto asset page
• On the crypto asset page, determine the desired balance and Arbitrum price (ARB to IDR) or instantly purchase at the current price.
• Wait a while until the price increases.
• Once the price rises, you can sell the asset at a higher price using the “Instant” method.
• If you choose the “Limit” method, a sell order can be placed after purchasing the asset, ensuring the selling price is higher.