Arbitrum Airdrop: How to play it (even if you missed it!)

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One of the most anticipated tokens in the cryptoverse is finally launching.

The crypto community has been pressing Arbitrum to launch a token, with the calls for a launch heating up substantially after Optimism was launched.

Optimism’s OP token launched in May of 2022, nearly a year ago.

In today’s post we’ll go over everything you need to know about the airdrop as well as opportunities to play the ecosystem even if you were not eligible for the airdrop.

First let’s quickly get our house in order.

Airdrop Overview and Eligibility

• The Arbitrum token will be called ARB (it hasn’t launched yet - don’t buy the wrong token!)

• The token will launch on Thursday, March 23, 2023

Eligibility

• Snapshot taken Feb 6, 2023

• Connect your wallet to the official Arbitrum Website to check if you are eligible.

• Alternatively, you can conduct a bulk check of your addresses by pasting them here (unofficial source)

  • We are not attesting to the efficacy of this service so if you feel that you should get tokens in an address and it isn’t showing up here, it’s worth double checking on the official website

Eligibility was determined based on completing certain actions in the Arbitrum ecosystem. Allocations were made according to a points system.

Here are all the different ways you could have earned points:

A minimum of 3 points were required to be eligible for an airdrop, and a maximum of 12 points per address would earn you tokens.

Here is the scoring system:

If you’ve been a long-time reader of DeFi Education there’s a good chance you’re eligible (to jog your memory, consider if you used Synapse, Dopex, GMX, Aave, Yearn, Sushiswap or any another DEX on Arbitrum) so we would advise everyone to take the time to check every wallet. If you have a lot of addresses like we do, a way to shortcut the process is to switch to Arbitrum Network and look for any wallet with even a tiny balance in it. This method isn’t fool proof but it will avoid you missing any obvious wallets from moving funds around!

Token Distribution

• 42.8% to the DAO treasury

• 26.9% to the team and their advisors

• 17.5% to early investors

• 11.6% to airdrop eligible wallets

• 1.13% to DAOs in the Arbitrium ecosystem

The rest of the article is for paid subscribers as it goes into token value capture, trading mechanics and valuation.