Arbitrum (ARB) is Now Available on INDODAX!

As Indonesia’s largest and most trusted crypto exchange, INDODAX is thrilled to offer even more tradable crypto assets with the addition of Arbitrum (ARB).

This article introduces Arbitrum (ARB), the recently added crypto asset to INDODAX on the ERC-20 network, and how to buy it.

Discover more about Arbitrum (ARB) before you invest by reading the information below!

Arbitrum (ARB) Token

Data and Information

Arbitrum is an Ethereum layer-two (L2) scaling solution. It uses optimistic rollups to achieve its goal of improving speed, scalability, and cost-efficiency on Ethereum. Arbitrum benefits from the security and compatibility of Ethereum. Another benefit is the higher throughput and lower fees compared to Ethereum. That is possible thanks to moving most of the computation and storage load off-chain.

Arbitrum’s native token is called ARB and is used for governance. Offchain Labs, the developers behind Arbitrum, announced the shift to a decentralized autonomous organization (DAO) structure — the Arbitrum DAO. ARB holders can vote on proposals that affect the features, protocol upgrades, funds allocation, and election of a Security Council.

Arbitrum has an ambitious roadmap for 2023, which includes Launching its layer-three solution called Orbit; Enabling developers to deploy programs written in popular programming languages like Rust, C++, and more using Stylus; Expanding its validator set to include more independent institutional validators; Moving its protocol to layer two with Arbitrum One.

On March 16, 2023, Arbitrum announced their highly anticipated airdrop of ARB. The token will be airdropped to early users and DAOs building on Arbitrum, with 12.75% of the total supply to be distributed. Recipients were rewarded on a point-based system depending on their interaction with the Arbitrum network until a cutoff date of March 1, 2023. The token generation event is on March 23, 2023.

Founder Arbitrum (ARB)

Offchain Labs, a New York-based development company, develops Arbitrum. Its founders are Ed Felten, Steven Goldfeder, and Harry Kalodner, former Princeton University researchers with years of experience in computer science, cryptography, and blockchain.

Ed Felten is a computer science professor at Princeton and served as President Obama’s Deputy CTO. He is the co-founder and Chief Scientist of Offchain Labs.

Steven Goldfeder is a computer scientist and entrepreneur who received his Ph.D. from Princeton. He is also the co-founder and CEO of Offchain Labs.

Harry Kalodner is a computer scientist and Ph.D. candidate at Princeton. He is also the co-founder and CTO of Offchain Labs.

In 2021, Offchain Labs announced that it raised $120 million in its latest Series B funding led by Lightspeed Venture Partners, valuing it at $1.2 billion. Other prominent investors include Polychain Capital, Pantera Capital, Mark Cuban, and more.

Arbitrum (ARB) Crypto Asset Ranking

As of October 20, 2023, the CoinMarketCap ranking of Arbitrum (ARB) is #42, with a market cap of USD 1,072,160,208. It has a circulating supply of 1,275,000,000 ARB coins and a maximum supply of 10,000,000,000 ARB coins.

How to Buy Arbitrum (ARB) Crypto Asset on INDODAX

Now that you’ve discovered more about Arbitrum (ARB), you can start investing in Arbitrum (ARB) crypto assets on INDODAX easily and securely by visiting the INDODAX website or downloading the INDODAX Mobile App from the App Store or Google Play Store on your device.

To buy Arbitrum (ARB) crypto assets on INDODAX, follow the steps below:

Register on INDODAX if you are not yet an INDODAX Member or login to your INDODAX account
Then, deposit by reading how to make a deposit below
After making a successful deposit and the balance has been credited to your INDODAX account, visit the INDODAX market
Search for ARB in the IDR market, and click to visit the crypto asset page
On the crypto asset page, enter the balance and desired ARB purchase price, or buy instantly at the current price
Next, you should wait for the price to increase for some time
Once the price increases, your assets can be sold at a higher price with the Instant method
If you use the Limit method, make sure to place a sell order after purchasing the asset and enter a higher sell number