Arbitrum is a Layer 2 scaling solution for Ethereum that aims to increase speed and reduce the cost of transactions on the Ethereum network. An airdrop is a marketing strategy used by blockchain projects to distribute tokens to a wide range of people, usually for free.
Arbitrum will be conducting an airdrop of its native token, called ARB, for users who have interacted with decentralized applications (dApps) on the Ethereum network. The airdrop is designed to reward users who have already used Ethereum dApps and to encourage more people to use decentralized applications on the Arbitrum network.
Trading for derivatives of the upcoming Arbitrum ARB tokens is now available for traders in advance of this week's claim event. The developers of Arbitrum have announced that they will be airdropping ARB to community members on Thursday, March 23 based on their previous network activity, signifying Arbitrum's official move into a decentralized autonomous organization (DAO). As a result, ARB holders will have the ability to vote on important decisions that govern Arbitrum One and Arbitrum Nova, networks that enable users to carry out transactions on the Ethereum blockchain with faster speeds and lower fees.
Following the launch of Arbitrum (ARB), BingX has launched an Arbitrum Airdrop Event for users to own ARB without any fees. The events lined up lets users experience the full suite of BingX trading features.
Here are some Crypto Projects related to the Arbitrum Ecosystem.
- Magic Internet Gathering of Coins (MAGIC USDT) is a cryptocurrency designed to be used within the Magic: The Gathering Arena online game. Players can earn MAGIC tokens by competing in tournaments and can use them to purchase in-game items. The token also allows for cross-game trading and can be exchanged for other cryptocurrencies on decentralized exchanges.
- Perpetual Protocol (PERP USDT) is a decentralized exchange built on the Ethereum blockchain that allows users to trade perpetual contracts with up to 10x leverage. The platform uses an Automated Market Maker (AMM) model to determine prices and liquidity, and PERP tokens are used to incentivize liquidity providers and traders. The platform also offers staking rewards for PERP holders.
- Radient (RDNT USDT) is a cryptocurrency that powers the Radient blockchain, which aims to enable faster and more secure transactions for decentralized applications (dApps). The RDNT token is used for transaction fees and as a governance token, giving holders a say in the development of the Radient network.
Founded in 2018, BingX has grown to become the world’s leading social trading platform. It is a global digital asset, spot, and derivatives trading platform that provides a safe, reliable, user-centric, and open ecosystem with intuitive social trading features. BingX will list Arbitrum (ARB USDT) in spots and derivatives trading.