Arb Token Distribution

On March, 23, 2023, 1.162 billion [ARB tokens](https://arbiscan.io/token/0x912ce59144191c1204e64559fe8253a0e49e6548) will be airdropped to individual wallets, representing 11.62% of the total token supply of the ARB token, which sits at 10 billion tokens. There are total of 625,143 eligible addresses for the airdrop, falling into this range. On the high end of the spectrum, just over 4,400 addresses will be eligible to claim the maximum amount of 10,250 ARB tokens. At the same time, 4.278 billion tokens will be released to the Arbitrum decentralized autonomous organization (DAO) treasury. The vesting period of these tokens will be determined by governance vote. The use of these tokens will be controlled by ARB token holders via governance proposals known as Arbitrum Improvement Proposals (AIPs). As such, Arbitrum’s token airdrop also represents the team’s first step towards decentralizing the chain to the community. But that’s not all. Looking closely at the distribution, 113 million ARB tokens will also be distributed to DAO treasuries of protocols building on Arbitrum. Much like the airdrop to individuals, the airdrop to protocols will also be determined by a separate point-based system. The criteria includes: - When the protocol deployed to Arbitrum - Whether the protocol was Arbitrum-native, Ethereum and Arbitrum-native or multichain - Number of daily and total transactions executed on the protocol - Financial value of transactions that occurred on the protocol as a percentage of the activity registered by all similar protocols on Arbitrum This distribution to protocols sought to create a more diverse base of ARB token holders to further decentralize the chain across the team, investors and individual users. Moreover, as protocols directly build on the chain, protocols could propose changes from the perspective of builders to the benefit of all users of Arbitrum. While the exact distribution has not been released, Nansen, which collaborated with Arbitrum to determine the airdrop allocation, has released a chart showing the distribution of transactions and contract logs by entity since the inception of Arbitrum One. The remaining 4.447 billion tokens will be subjected to a four-year lockup, with the first unlock occurring one year after the upcoming airdrop, on 23 March 2024. Subsequent unlocks will take place monthly, with the final unlock on 23 March 2027. As the days count down to the airdrop, users have also begun speculating on the opening price of the ARB token. One school of thought compares Arbitrum to its closest competitor and fellow optimistic rollup, Optimism. Optimism currently trades at a fully-diluted market cap of $10.81 billion, with TVL of just over $980 million. Using Arbitrum’s current TVL of $1.8 billion, some traders have estimated a fully-diluted valuation for Arbitrum at $19.86 billion. This would give the ARB token an opening price of $1.98. Another line of thought uses the currently live ARBUSDT futures contract trading on BitMEX to estimate an opening price for the token launch. As of writing this article, the futures contract expiring on 30 June 2023 trades at $1.38 per token. [Source](https://coinmarketcap.com/alexandria/article/everything-you-need-to-know-about-the-arbitrum-airdrop)

Arbitrum Airdrop Result