Arbitrum: Airdrop Confirmed

22.03.23 09:46 AM By Stormrake

The Arbitrum Airdrop has finally been confirmed and with it a whole flurry of expectations and speculation as to what will happen next. We here at Stormrake have been anticipating this for some time now and had informed our clients as early as mid October 2022 to prepare for this incredible opportunity. Read on to get prepared for one of the biggest airdrops of 2023.

The information contained here is for general information only. It should not be taken as constituting financial advice. Stormrake is not a financial adviser. You should consider seeking independent financial advice prior to making any personal investments.

Arbitrum Airdrop Overview

The token will launch and be claimable on Thursday, March 23. So if you see scam ARB tokens already trading, you should obviously avoid them. The snapshot for the airdrop was taken on February 6th of this year. If you are curious about how the eligibility criteria for the airdrop was designed, the below snapshots from Nansen will help. While obviously you can’t attempt to get the airdrop now if you were not eligible, you can take note of these criteria for any other upcoming major airdrops.

There were 625k wallets that ended up getting the airdrop, the distribution of which you can see below. If you had a wallet that received 10,250 ARB tokens, congratulations on being a supreme airdrop farmer! It is interesting to note that most of the distribution is heavily weighted towards small amounts per wallet. You can check out a pretty good dune dashboard on the airdrop here.

Tokenomics

In terms of tokenomics, the total supply of ARB is 10bn tokens, with 1.275bn being airdropped. The insider allocations for the token are higher than the UNI and OP airdrops, with the treasury, the team and Arbitrum investors owning 87% of the token. In terms of initial airdrop distribution, ARB is on the higher end vs other major airdrops like OP and 1INCH and in terms of emissions, the ARB supply schedule looks pretty good, especially for the first year.

Having looked at the distribution and qualification metrics, we can tell that a lot of thought and effort has gone into this airdrop to ensure it's rewarding the most genuine users of the Arbitrum ecosystem. The ARB token itself will be supported by most major exchanges on the day of the airdrop and will enter price discovery almost immediately.

Airdrop Expectations

Please read our previous article on Arbitrum HERE to understand learn about our airdrop expectations and how the initial price discovery period can potentially play out.

Stormrake Supports Arbitrum

We're pleased to announce that we will be supporting Arbitrum from day one with full brokerage services. So if you have managed to qualify for the airdrop and wish to sell or swap your ARB tokens or wish to put in a purchase order with your Stormrake broker, please do not hesitate to reach out. We will also support wholesale OTC trades prior to the airdrop launch.

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No Advice Warning

The information in this newsletter is general only. It should not be taken as constituting professional advice from the author - Stormrake PTY LTD.

Stormrake is not a financial adviser and does not provide financial product advice. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances. Stormrake is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by this newsletter.

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