The team behind one of Ethereum’s leading scaling solutions, Arbitration, would prepare to launch an airdrop. In view of this eventuality, experts have shared information on the nature of this operation and the possible conditions of eligibility.
The Anonymous Crypto Expert DeFi Riddler took to Twitter to share some tips relating to airdrop participation methods in a long thread containing more than 28 tweets. In the thread, he notably highlighted the nature of the airdrop and some steps promoters can take to increase their chances of eligibility.
The Arbitrum team did not share any information on the total value of the deal. Still, according to DeFi Riddler, it’s likely to be around $50,000, given that the total airdrop value ofOptimismanother Ethereum scaling solution, was $50,000.
Moreover, it is quite possible that Arbitrum will launch its own token very soon, before the start of the airdrop. In the four-point analysis below, DeFi Riddler presented which criteria would give the possibility of being eligible.
The first point concerns the Arbitrum Odyssey campaign. Promoters who participated in the Odyssey campaign and have not yet claimed their NFT must connect their MetaMask wallet to Arbitrum to claim the token. A link has been provided for this purpose. The claim period is between June 28, 6:00 p.m. and October 30, 5:59 p.m. (GMT+1).
Nevertheless, participants who have not received their NFTs should go to Stratos NFT – an Arbitrum-based NFT platform – to purchase a token. This will give them a role on the Arbitrum Discord channel.
After purchasing or claiming the NFT, promoters must transfer some of their ETH tokens from the Ethereum mainnet to the Arbitrum One network. Once the transfer is complete, promoters are advised to interact with dApps on the Arbitrum network using them for different transactions over several days. Transactions should not involve large funds.
Arbitrum, one of the most popular Ethereum L2 solutions
Third, Promoters should prioritize completing Arbitrum tasks on Discord for which a Discord wallet and account are required. Funds worth 5-10 dollars in ETH are enough to complete these tasks and receive the corresponding rewards.
In conclusion, active participation on the Ethereum network is likely to increase everyone’s chances. In this regard, it is particularly important to hold a few ETH tokens, regardless of the amount, and to be involved in on-chain activities. Users can also vote on the proposals available on the project’s snapshot page.
Airdrops are operations of distribution of free tokens to the addresses of portfolios that have adopted a project early. The amount of tokens distributed will likely be miniscule due to the number of users. Nevertheless, a rise in the price of these tokens could lead to a considerable increase in their value over time.
Arbitrum is likely to start this campaign very soon, and the popularity of the scaling solution is indicative of the importance of airdrop.
As a scaling solution, the platform seeks to increase the speed of Ethereum transactions and reduce its fees by using “optimistic rollups“. Arbitrum is one of the most successful Ethereum L2 scaling solutions on the market, with over $1 billion in total value locked (Total Value LockedTVL).
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