What You Need to Know About the Potentially Imminent Arbitrum Airdrop

Jamie Larson

• 2 min read
What You Need to Know About the Potentially Imminent Arbitrum Airdrop

According to reports, major Ethereum scaling solution Arbitrum is almost ready for its eagerly anticipated airdrop. Given this, experts have offered some insightful commentary on the nature of the airdrop and potential eligibility requirements.

In a lengthy sequence of over 28 tweets, anonymous crypto analyst DeFi Riddler shared some crucial advice on how to claim the Arbitrum airdrop on Twitter. They emphasized the nature of the airdrop and certain actions supporters might take to improve their chances of eligibility within the discussion.

The overall value of the airdrop has not been disclosed by the Arbitrum team. Nevertheless, given Optimism's (OP) airdrop total value of $50,000, DeFi Riddler estimates that the airdrop will likely be worth roughly $50,000.

The neighborhood should also prepare for Arbitrum to debut its token soon, prior to the start of the airdrop. DeFi Riddler provided a list of potential qualifying requirements in a four-point analysis as the distribution period for the airdrop appears to be drawing near.

The Arbitrum Odyssey Campaign is the subject of the first point. It is advised for supporters who took part in the Odyssey Campaign but have not yet claimed their NFTs to link their MetaMask wallet to Arbitrum. In this regard, a link was offered. Between June 28, 18:00 and October 30, 17:59 (GMT+1), is the claimable period.

Participants who did not receive the NFT, however, should visit Stratos NFT, an NFT marketplace on Arbitrum, to buy a token. They will now have a position on the Arbitrum Discord server.

Proponents should bridge part of their ETH tokens from the Ethereum mainnet to the Arbitrum One Network after purchasing or claiming the NFT. Proponents are recommended to interact with dApps on the Arbitrum network by utilizing them for a number of transactions over a number of days after a successful bridge. There cannot be significant financial transactions.

Third, advocates should give finishing Arbitrum chores on Discord top priority. For this, they would want a wallet and a Discord account. To participate in the tasks, you only need ETH worth $5–$10 in total. Users who finish the activities are rewarded and have a better chance of getting the next airdrop.

In conclusion, being active on the Ethereum network will probably improve your chances of receiving the airdrop. Proponents are recommended to participate in on-chain activity and own some ETH tokens, regardless of the number. On the project snapshot, users can also cast their votes on the available proposals.

An airdrop is when a project gives away free tokens to many early adopters in exchange for their wallet addresses. Due of the numerous consumers they will be reaching, airdropped tokens are most likely insignificant in quantity. Nevertheless, a spike in the price of these tokens might considerably raise their value over time.

The prominence of the scaling solution is an indication of how soon Arbitrum will start its airdrop and how significant it will be. In essence, Arbitrum is a layer-2 Ethereum blockchain solution.

By utilizing optimistic rollups, the platform aims to accelerate Ethereum transactions and lower transaction costs. With more over $1B in its total value locked, Arbitrum is one of the most effective Ethereum L2 scaling solutions (TVL).