Technical Difficulties Aren’t Stopping Users From Claiming Arbitrum Airdrop

More than half of unique wallets have already claimed their ARB

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CryptoFX/Shutterstock modified by Blockworks

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Ethereum layer-2 scaling solution Arbitrum has officially launched its governance token airdrop. 

Immediately following the airdrop token claim event, Arbitrum’s front end was forced to shut. 

Almost 85,000 users had signed onto the webpage in a 30-minute window, Arbiscan, its blockchain scanner, said in a tweet

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Previously governed by New York-based Offchain Labs, the ARB token is designed for Arbitrum to decentralize its governance

The Airdrop will allocate 12.75% of ARB’s total supply to users and DAOs building on the network. 

Roughly 11.6% of the supply goes to users at a present value of $1.56 billion and 1.1% of the supply goes to DAOs, currently valued at $151 million, Blockworks Research data shows. 

At the time of writing, over half of eligible users have claimed their airdrop — equating to roughly 330,000 unique addresses. 

Of the remaining ARB tokens, 43% will go to the DAO treasury — managed by the community, while 27% will be allocated to Offchain Labs. And 17.5% will be given to investors of the New York-based startup. 

Eligible airdrop recipients will have six more months to claim their airdrops.

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The company warned users to only use the official website to avoid potential copycat scams. “This is the safest way to claim, and you’ll be able to vote for your favorite ecosystem delegate.”


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Research

This report is a retroactive analysis of Arbitrum's Long Term Incentives Pilot Program (LTIPP). We collect relevant data at a protocol level and review bi-weekly updates to analyze recipients, their strategies, and the impact of the incentives on high level growth metrics. In particular, we want to highlight outperformers and underperformers, and glean any best practices or lessons learned for protocols distributing ARB incentives in the future. The overarching goal is to synthesize lessons learned that the DAO can reference as it begins thinking about future incentives programs–namely, the working group for incentives that is being actively discussed–especially as Timeboost introduces new conditions for trading and economic activity.

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