Ride the Wave of Arbitrum Euphoria: How to Claim Arbitrum Airdrop and Deposit ARB on Bitget
Arbitrum airdrop is just around the corner! If you want to check the eligibility for the Arbitrum airdrop and learn how to deposit ARB on Bitget with ease, this article is all you need to read.
Crypto enthusiasts, brace yourselves for some exciting news! Despite the recent bear market and unexpected events that have rocked the crypto industry, Arbitrum, the leading scaling solution for Ethereum, has emerged as a standout player with phenomenal transaction growth. In fact, in February 2023, Arbitrum surpassed Ethereum's daily transaction volume, clocking in at a whopping 1.1 million transactions per day, outpacing Ethereum's 1 million transactions.
The crypto world is abuzz with the news that Arbitrum is set to launch its very own native governance token called ARB. And not just that, Arbitrum is also making a transition to a decentralized autonomous organization (DAO), marking a major milestone in its journey toward decentralization.
Excitement is palpable as the developer team has indicated that the ARB token will hit eligible wallets on March 23. This means that crypto enthusiasts around the world can soon participate in governance and decision-making on the Arbitrum network, giving them a say in its future direction.
Bitget, one of the fastest-growing cryptocurrency exchanges in the world, has completed the Arbitrum integration. We offer a suite of ARB products that you can use to make the most of the airdrops you receive. That's right; you can now leverage the power of Arbitrum to maximize your crypto investments and take your trading to the next level.
Not a Bitget user yet? Sign up today and receive a $5005 reward!
What is Arbitrum?
The Arbitrum network is a layer-2 network developed by the New York-based company Offchain Labs, which aims to reduce the Ethereum network's congestion by enhancing the validation of smart contracts.
The flagship chain of Arbitrum, Arbitrum One, was launched in 2021, and shortly thereafter, Arbitrum Nova, a separate AnyTrust chain, was introduced to facilitate ultra-low-cost transactions. In August 2022, Arbitrum One was upgraded to the Arbitrum Nitro stack, resulting in a 7-10x increase in its scaling capabilities.
Arbitrum has risen in popularity within the blockchain community for a variety of reasons. Arbitrum supports the Ethereum Virtual Machine (EVM), allowing Ethereum DeFi developers to seamlessly integrate their decentralized applications (dApps) with Arbitrum. This makes it an attractive solution for applications that require quick transaction processing and high throughput.
Are you curious about Arbitrum and what makes it such a popular choice in the blockchain world? Find out in What is Arbitrum and Why is It So Popular?
What is ARB?
ARB is an ERC-20 governance token native to the Arbitrum network, with a 10 billion initial supply cap. The ARB token will provide holders with voting rights within the Arbitrum DAO, and allow holders to participate in network development and management decision-making processes. Token holders may also delegate their voting authority to delegates.
ARB Initial token allocation
Source: Arbitrum Foundation Docs
As the Arbitrum network continues to grow, the introduction of its own governance token will further strengthen its decentralized infrastructure, enabling it to scale and meet the needs of its users. It's clear that the launch of ARB is set to further cement its position as a leader in the rapidly evolving world of cryptocurrencies. So, mark your calendars and get ready for the ARB token launch – it's going to be one for the books!
Consider investing in Arbitrum (ARB)? It only takes 2 minutes tocreate an account on Bitget and start trading ARB!
How to claim Arbitrum airdrop
On March 23, 2023, a portion of the total ARB supply equaling 12.75%, will be distributed to qualified users. The eligibility criteria were determined through a snapshot taken on February 6, 2023, in collaboration with Nansen, a cryptocurrency analytics firm. Nansen examined user activity to identify those eligible to receive ARB tokens, revealing that 625,143 wallet addresses are eligible for the ARB airdrop.
Arbitrum airdrop criteria categories
Source: Nansen Twitter
How to check eligibility for Arbitrum airdrop
Step 1: Visit the official Arbitrum website and connect your wallet.
Step 2: Once you’ve successfully connected your wallet, click on the Check Eligibility button to verify your eligibility and view your airdrop entitlement.
If you’re eligible then you will see the number of tokens you will get when the claim goes live.
- The snapshot of eligible users was captured at block height #58642080 on February 6, 2023.
- The number of tokens a user could claim was determined by a points system, with a maximum of 10,200 ARB per wallet.
- You will be able to receive the corresponding number of tokens based on the number of points you have earned as below:
Arbitrum exclusive campaigns on Bitget
Campaign 1: Bitget Arbitrum Week
Get ready for an exciting announcement. Bitget is thrilled to announce the launch of Arbitrum Week. Starting on March 17th at 9 PM (UTC +8), this exciting event is aimed at supporting and promoting the Arbitrum ecosystem. To kick off the week-long celebration of Arbitrum, Bitget has lined up three fantastic events including Arbitrum Launchpool, ARB Depositing, and ARB Staking that will surely leave you on the edge of your seat!
Spot Grid Trading Link: ARB/USDT
- ARB Depositing event on March 22
- ARB Staking event on March 30
We anticipate that seven days after ARB is opened for trading, our ARB staking product will be released with an expected high APY of more than 100%.
Campaign 2: Subscribe to Arbitrum flexible savings earn 5,000 USDT
In an effort to support and promote the growth of the Arbitrum ecosystem, Bitget Earn has handpicked some of the most promising ecological tokens, including GMX, GMD, VELA, ZYB, and CRV, to launch our Flexible Savings products.
Event period: March 14 - March 21 (See more event details here)
Reward 1: First Subscription Rewards
During the event, users who subscribe for the first time to any Flexible Savings with > 100 USD value duration ≥ 72 hours can get a $20 coupon each. The total rewards will be $2,000 on a first-come, first-served basis.
Reward 2: Subscribe to newly launched products, and share $3,000 prizes.
During the event, users who subscribe to one of the Flexible Savings in GMX, GMD, VELA, ZYB, and CRV can proportionally share the $3,000 value of BGB based on their Daily Average Subscription Amount.
How to deposit ARB on Bitget
On the homepage, click on your account icon and choose Dashboard.
Step 2: Click on Deposit OR click HERE to access the Deposit page quickly.
Step 3: Search ‘ARB’ and select it, then select the chain you want to deposit. After choosing the token and chain, we will generate an address and a QR code. You can use either option to make a deposit.
Note: Please keep in mind that you must use the same chain (ERC20, TRC20, BEP2, BEP20, etc.) on the site where you are withdrawing your cryptocurrency. Care should be taken since choosing the wrong chain might result in losing your valuables.
Step 4: After completing the deposit process, you can head to Dashboard to view your asset.
You can also check your deposit history by returning here.
Step 1: Log into your Bitget account and tap “Deposit” on the homepage.
Step 2: You can now select the ARB token and chain you want to deposit.
Please keep in mind that you must use the same chain (ERC20, TRC20, BEP2, BEP20, etc.) on the site where you are withdrawing your cryptocurrency. Care should be taken since choosing the wrong chain might result in losing your valuables.
Step 3: After choosing your preferred token and chain, we will generate an address and a QR code. You can use either option to make a deposit.
Step 4: After completing the deposit process, you can head to Asset - Spot to view your asset.
You can also check your deposit record by tapping the [bill] icon.
Simply create your Bitget account, and start exploring Arbitrum today!
Disclaimer: Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk.
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