Arbitrum's ARB token goes live, here is what to expect

• Arbitrum’s $ARB token airdrop goes live, users could face issues in claiming the token as seen in Optimism’s OP airdrop.
• Experts on crypto Twitter have shared step-by-step procedures to claim $ARB tokens without facing challenges.
• Analysts have urged caution to users, against fake Arbitrum smart contracts, and lag in the Arbitrum One chain.

The Arbitrum $ARB governance token airdrop goes live marking the beginning of the Ethereum layer-2 solution’s transition into decentralization. Experts on crypto Twitter have warned airdrop participants of issues that arise in claiming $ARB airdrop and shared solutions for the same.

$ARB token airdrop comes at a time when Bitcoin price rally grinded to a halt after The Federal Reserve’s 25 basis point hike. This supports the thesis of an altcoin rally and $ARB token holders could benefit from Arbitrum’s popularity as a layer-2 scaling solution for the Ethereum blockchain.

Also read: Arbitrum: What is the fair value for $ARB as tokens bloom in pre-launch trading?

Arbitrum $ARB airdrop: How to claim, issues faced and how to tackle them

Arbitrum’s $ARB token airdrop is one that the crypto community has long awaited, for its role in governance of the layer-2 chain and boost in decentralization. Users can claim Arbitrum’s $ARB airdrop until September 23, 2023. Claiming on the Arbitrum One chain will start when the Ethereum chain reaches block 16890400. This is around seven hours away. Find the countdown timer on Etherscan.

$ARB token airdrop countdown" src="https://cnews24.ru/uploads/339/339f544ddba5cb74bb85e5f719c95034e8faf0e9.png" size="2740x1050">

Arbitrum $ARB token airdrop countdown

In the process of claiming the $ARB airdrop, market participants can expect to face issues as seen during Optimism’s OP token airdrop. For step-by-step instructions on claiming $ARB, check the tweet thread below:

During Optimism’s OP token airdrop, users faced a challenge in communicating and interacting with the blockchain. Remote Procedure Calls (RPCs) that allow communications with servers remotely, didn’t work as expected and users faced a lag in the process.

Most importantly, even after claiming the OP token airdrop, lag posed a challenge in transferring Optimism’s token to DEX or Centralized Exchanges. Few in the OP community sold the airdropped token at the top ($2). This highlights how important it is set up a custom RPC and claim the airdropped token at the right time.

@rektfencer and @OlimpioCrypto, two crypto experts on Twitter recommended users set up their own custom RPC to tackle this issue. Find the guide in the tweet thread below:

What to expect from the $ARB token airdrop

The timing of Arbitrum’s $ARB token airdrop is key to expectations of market participants. With Bitcoin price rally grinding to a halt and the US Central Bank raising interest rates by 25 basis point, altcoins are likely to gain popularity and relevance.

Typically, when Bitcoin price rally takes the backfoot, there has been a spike in altcoin prices, while investors are bullish. An alt season rally is therefore good news for Arbitrum’s $ARB governance token, with the layer-2 scaling solution’s popularity in the Ethereum ecosystem and the timing of the airdrop.

Also read: Arbitrum: What is the fair value for $ARB as tokens bloom in pre-launch trading?

In addition to Arbitrum, there are several other altcoin categories that could benefit from an alt season rally. Find out more about it here: Here are top three altcoin categories that are likely to pump the hardest in the 2023 alt season