Bankless $ARB Airdrop & Arbitrum Governance Launch with Steven Goldfeder & Harry Kalodner
Mar 19, 2023
Join Steven Goldfeder, CEO of Arbitrum, and CTO Harry Kalodner as they unveil the eagerly awaited $ARB token airdrop for Arbitrum Day. The duo dives into the intricacies of token distribution, emphasizing community empowerment and decentralized governance. They discuss the introduction of the Arbitrum Constitution and the innovative potential of layer threes, promising a future ripe with collaboration and enhanced scalability. With insights into the evolving landscape of cryptocurrency, this conversation is a must-listen for anyone interested in the future of DeFi.
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Initial Token Opposition
- Offchain Labs initially opposed creating a token, as explained by Steven Goldfeder.
- Their vision evolved, recognizing decentralized governance as crucial for a secure Layer 2.
Timing of Token Launch
- Arbitrum's Nitro upgrade, Nova launch, and upcoming roadmap items make now the opportune time for a token.
- This milestone empowers the community with ownership and governance.
Token Distribution
- The token distribution prioritizes community ownership, with 56% allocated to users and DAOs.
- Team and investor tokens are subject to a four-year lockup with a one-year cliff.