The long-awaited ARB token is finally out! The Arbitrum native token will be available to those who are ready. In this article, we will discuss what is Arbitrum, its features, and its uniqueness. Of course, you can find ARB tokens right here on MEXC.
What is Arbitrum?
Arbitrum is a Layer 2 scaling solution for Ethereum that aims to improve the speed and efficiency of transactions on the Ethereum network. It is built on the Ethereum Virtual Machine (EVM). Therefore, developers can use Solidity to build and deploy smart contracts on Arbitrum.
Arbitrum uses an optimistic rollup architecture. It assumes that transactions are valid and executes them off-chain. If there is a dispute over the validity of a transaction, it can be resolved on-chain through a dispute resolution process. This approach allows for faster and cheaper transactions than the traditional Ethereum network, while still maintaining the security and decentralization of the Ethereum blockchain.
Arbitrum is developed by Offchain Labs, a company founded in 2019 by a team of researchers from Princeton University. It has gained popularity among developers due to its ease of use and compatibility with existing Ethereum tools and infrastructure.
Why is Arbitrum so Popular?
Arbitrum has become so popular because it offers a solution to the scalability issues on the Ethereum network. As the popularity of decentralized applications (dApps) grows, the Ethereum network became congested. Ultimately, it leads to slower transaction times and higher fees. Arbitrum’s optimistic rollup architecture offers a way to increase the speed and efficiency of transactions. Furthermore, it still maintains the security and decentralization of the Ethereum blockchain.
Another reason for Arbitrum’s popularity is its ease of use and compatibility with existing Ethereum tools and infrastructure. Developers can use Solidity to build and deploy smart contracts on Arbitrum. Meaning, they can use the same tools and programming languages that they are already familiar with. This makes it easier and faster for developers to build and deploy dApps on Arbitrum, compared to other Layer 2 scaling solutions.
Arbitrum also offers a lower barrier to entry for users. Users do not need to learn new tools or technologies in order to use dApps on the platform. This makes it more accessible to a wider range of users, which could lead to increased adoption and usage of dApps on the Arbitrum network.
ARB Airdrops and the Reasons for it
Prior to 2023, Arbitrum does not have its own native. However, all is about to change. March 23, 2023, marks the day of their token release along with the token airdrops. With the new token release, this would mean that Arbitrum will begin its transition to a Decentralized Autonomous Organization (DAO). Soon, token holders will be able to vote and make decisions regarding all the Arbitrum has to offer.
ARB will have a total supply of 10 billion. The community will control 56% of those tokens. The upcoming airdrop will grant 11.5% of the total supply to eligible Arbitrum users. Meanwhile, DAOs operating within the Arbitrum ecosystem received 1.1%. The remaining tokens will go to a treasury controlled by the new Arbitrum DAO. This will allow ARB holders to decide how to disburse the funds. The remaining 44% of ARB’s circulation will be distributed to investors and employees of Offchain Labs, the development firm behind Arbitrum, subject to lock-up periods and vesting schedules.
Where to buy ARB Token
You can find ARB Token here at MEXC! We are listing ARB/USDT in our Innovation Zone!
What is the Price of ARB Tokens?
The price of the ARB token is coming to MEXC soon. You can check the live price of their token right here!
How to buy ARB Tokens
You can buy ARB Tokens on MEXC by following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “ARB” using the search bar to see the available trading pairs. Take ARB/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of ARB you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy ARB] to confirm your order. You will find the purchased ARB in your Spot Wallet.
You can find a detailed guide on how to buy ARB Tokens here.
Keep Yourself Updated With The Crypto Trend
Check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshots and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!
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