Arbitrum proposal to return 700M ARB fails, whale calls it a “power play”
The AIP-1.05 was defeated by 118 million votes. The proposal was introduced after the Arbitrum Foundation transferred funds without community approval.
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The AIP-1.05 was defeated by 118 million votes. The proposal was introduced after the Arbitrum Foundation transferred funds without community approval.
Arbitrum is relatively cheaper versus its top Ethereum L2 rival, Optimism, which may lead to a rise in ARB price over the next few months.
A new proposal asks the Arbitrum Foundation to return 700 million ARB tokens after community backlash. Voting ends on April 14.
The Arbitrum Foundation has made a couple of new governance proposals following the fracas that occurred over its first attempt.
The Arbitrum Foundation has backtracked on a controversial proposal and ratification vote that gave it control of a huge chunk of tokens.
The Arbitrum Foundation announced that it was only ratifying an existing decision when it proposed a 750 million ARB tokens budget.
Following the Arbitrum token airdrop, ARB has become a top 40 cryptocurrency as it currently holds the 37th largest market valuation out of more than 23,000 listed digital currencies. Currently,…
Arbitrum’s much-anticipated token airdrop shook up the crypto space as on-chain activity of the popular layer-2 solution soared to levels not seen before. With the introduction of the ARB token,…
ARB sold off upon being listed on exchanges, and some users reported a claim experience laden with tech issues, but the token could follow the trajectory of previous airdrops.
Airdrops were created as a marketing tool before the ICO era, rewarding traders for promoting the project and holding its token for a certain period of time,