The extremely anticipated launch and airdrop of Arbitrum’s ARB native governance token came about on March 23, creating buzz across the Layer 2 protocol as tons of of 1000’s of eligible customers and DAOs tried to assert the token. . Overwhelming person demand led the airdrop declare web page to crash shortly after launch, exhibiting 404 and 429 errors for over an hour, Cointelegraph reported.

On condition that Arbitrum was one of many greatest tokenless blockchain tasks, the hype surrounding its downfall was anticipated. Nonetheless, it illustrates how group tasks in house can nonetheless thrive, regardless of rivals, technical challenges, market downturns and regulatory uncertainty.

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