• KoinBX cryptocurrency exchange announces the listing of ARB, the new governance token of Arbitrum.
• Trading for ARB spot pairs — ARB/USDT and ARB/INR – will begin on March 24.
• On March 23, the Arbitrum token will be airdropped to eligible community members who identified by the Arbitrum Foundation.
KoinBX Announces Listing of Arbitrum (ARB)
KoinBX, a cryptocurrency exchange, has announced the listing of ARB, the new governance token of Arbitrum, a leading Ethereum layer 2 scaling solution. Trading for spot pairs — ARB/USDT and ARB/INR – will begin on KoinBX on March 24 at 11:30 AM UTC. Furthermore, withdrawals are scheduled to start on March 25 at 11:30 AM UTC.
What is Arbitrum?
Arbitrum is a Layer 2 scaling solution that helps scale Ethereum transactions while providing greater efficiency and scalability than other Layer 1 solutions can offer. It is designed to enable developers to build applications with faster transaction speeds and lower costs compared to those found in other blockchain networks.
Arbitrum Token Airdrop
On March 23, the Arbitrum token will be airdropped to eligible community members who identified by the Arbitrum Foundation. With its launch, it is expected that holders will gain governance power over two key networks: Arbitrum One and Arbitrum Nova – both being integral components of this Layer 2 scaling technology’s ecosystem. The total supply for ARBs is capped at 10 billion tokens with 56% allocated to the community and remaining 11% distributed through an airdrop program for qualified users.
About Koin BX
Koin BX’s primary mission is to provide people with access to cryptocurrencies through its user-friendly crypto trading platform which grants easy entrance into various financial markets around the world.
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