Top Polygon (MATIC) Rival Arbitrum Officially Announces DAO Governance and ARB Token Drop - The Daily Hodl

Daily Hodl Staff
Daily Hodl Staff

16 Mar 2023 6:41 PM

The top rival of the Ethereum (ETH) layer-2 scaling solution Polygon (MATIC) is announcing that it will be transitioning to decentralized governance as well as airdropping a significant amount of its new native asset, ARB....

  • Arbitrum (ARB) is transitioning to decentralized governance through a self-executing decentralized autonomous organization (DAO).
  • The DAO's votes will directly execute on-chain decisions without relying on an intermediary.
  • Nearly 13% of the ecosystem's token supply will be airdropped to users based on a special points system.
  • The airdrop is scheduled for March 23rd.

The article presents positive news for Arbitrum (ARB) as it transitions to decentralized governance and airdrops a significant amount of its native asset to users. The language used is informative and neutral.

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Related Questions

What is the special points system used to decide which users will receive the ARB tokens in the airdrop?
When is the airdrop scheduled to take place?
What is the significance of Arbitrum becoming the first EVM roll-up technology to achieve the second stage of decentralization?
How will the self-executing DAO governance affect the decision-making process for on-chain actions?
What is the percentage of the community allocation that will be distributed in the airdrop?

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