Arbitrum Announces DAO Airdrop Rules: Who’s Eligible to Participate?

03/21/2023 13:10 • Digital Disruptors • 89 views

According to reports, Arbitrum has announced the DAO air drop rules, stating that one of the core principles of air drop is to reach the sub community of Arbitrum. Only projects with DAO and community coffers on Arbitrum are eligible to participate in this distribution, with the exception of the collective Protocol Guild, which includes core Ethereum developers and contributors.

Arbitrum Announces DAO Air Drop Rules

In the world of cryptocurrencies, airdrops are a popular way to distribute tokens to a community of holders. And now, Arbitrum has announced its own DAO airdrop rules. But who is eligible to participate? Let’s dive into the details.

What Is Arbitrum?

Firstly, let’s understand what Arbitrum is. It’s a layer-2 scaling solution built on Ethereum that aims to improve the speed and scalability of decentralized applications (dApps). Arbitrum uses Optimistic Rollups – a technique where transactions are handled off-chain before being rolled up and sent to Ethereum’s main chain as a single batch. The result is faster and cheaper transactions.

What Is a DAO Airdrop?

A DAO airdrop is a distribution of tokens to a community of holders based on their participation in Decentralized Autonomous Organizations (DAO). These tokens are meant to reward the community for its input and contributions, and also to incentivize further participation.

The Core Principles of Arbitrum’s DAO Airdrop

Arbitrum has announced that one of the core principles of its DAO airdrop is to reach the sub-community of Arbitrum. That means only projects with DAO and community coffers on Arbitrum are eligible to participate in this distribution.
However, there is one exception – the Collective Protocol Guild. The Guild includes core Ethereum developers and contributors, who are eligible to receive the airdropped tokens irrespective of their participation in DAOs.

Who Is Eligible to Participate in the DAO Airdrop?

As we mentioned earlier, only projects with DAO and community coffers on Arbitrum are eligible to participate in the airdrop. These projects must meet specific criteria set by Arbitrum, such as holding a minimum balance of native Arbitrum’s token-ARB.
The exemptions to this rule include:
1. The Collective Protocol Guild.
2. Users who have participated in Arbitrum’s previous airdrops.
3. Projects which are willing to migrate their DAOs and community coffers from other platforms to Arbitrum.
The aim of the rules is to ensure that the airdrop distribution is made to an active, engaged, and responsible community and that the airdropped tokens are being used for the growth of the network.

Conclusion

In summary, the announcement of Arbitrum’s DAO airdrop rules is exciting news, but eligibility is restricted to certain projects and individuals. This approach ensures the distribution of tokens to an active and engaged community aligned with the development of the project and its longevity.
The initiation of this strategy shows that the team behind Arbitrum is committed to creating a robust and decentralized ecosystem for its users.

FAQs

Q: What is Arbitrum?
A: Arbitrum is a layer-2 scaling solution built on Ethereum that aims to improve the speed and scalability of decentralized applications.
Q: What is a DAO airdrop?
A: A DAO airdrop is a distribution of tokens to a community of holders based on their participation in Decentralized Autonomous Organizations.
Q: Who is eligible for Arbitrum’s DAO airdrop?
A: Only projects with DAO and community coffers on Arbitrum are eligible to participate in the airdrop, with exceptions for the Collective Protocol Guild, users who participated in previous airdrops, and projects that migrate their DAOs and community coffers from other platforms.

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