Arbitrum's ARB Token Airdrop is here
We like to have airdrop as it's free money that everyone wants in the crypto space. If airdrop was long awaited and the coin value is also pretty good. These types of AirDrop are for the people who are more in trading and they work on different platforms. I am not a trader and I trade so it is obvious that I'm not the lucky one who is going to get the AirDrop. This is a wave when the platform distributed some rewards to the users who are using their platform and I believe this is a good way to bring more people on the platform rather than their spending on marketing and promotion. I still remember the UNI AirDrop which was the biggest one where people made a lot of money and with that, a new trend has been started where these platforms share airdrops with the users to gain more attention and users on their platform.
Airdrop is a good way of promotion as many people get to know through this. Arbitrum is listed o a few exchanges and even Binance is going to list the coin. Exchange listing is not the problem because already some of the exchanges have done these and in the coming days many more will join the trend because they do not want to miss out on the reading volume which can be a good source of revenue for exchanges. Usually, with this type of coins, we can see a higher trading volume which is what these exchanges expect.
The long-awaited Arbitrum token (ARB) made its market debut Thursday, trading at $3.99 on Uniswap as volatility spiked on decentralized exchanges. The official claim for the token went live at the Ethereum block height of 16,890,400 at 13:05 UTC. The claim website went down under heavy traffic, as did the blockchain's block explorer. Arbitrum, which started operating in 2021, is the largest layer 2 blockchains on Ethereum, achieving scalability by using a technique called transaction rollups, which sends batches of transactions to the Ethereum main net.
The current value for the coin is 1.38 US dollars but it was gone up to more than $4 also. It is obvious that the majority of people are selling the coin as they just want to book the profit and move on. This is not the real value that we can see in the market as of now and it will take some time to get the price stable once the AirDrop window is over and the majority of users are able to sell or whatever they decide with their own holding.
On hive also we have seen a similar situation for SPS where in the beginning people started selling. This was one of the biggest AirDrop in history as far as I am aware that continued for the entire year. I have never seen any event in which the token distribution continued for so long and that only makes the splinterlands leader in the segment. Even we have another airdrop for GLX by the same team that is ongoing. Spk network also did the year-long airdrop for the larynx and it's ended last month.
So now it is a good time for those who are selected as a beneficiary for the free token distribution and a total of 625k wallets have received the coins. Although I am not the one who has got the AirDrop I am happy that people have made a good amount of money and hope they believe in the platform with the long-term approach so that the project grows with more user base.
Thank you so much Stay safe
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