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Arbitrum token finds its way to OTC market before airdrop

Following the Arbitrum airdrop announcement, crypto users eligible for it are already selling them in OTC markets.

After the Arirum airdrop announcement, the Arirum community has speculated in the over-the-counter (OTC) market and sold their unannounced ARB tokens.

The Arirum Charitable Foundation has announced that Arb-Arbritrum 's new token will be airdropped to eligible community members on Thursday, March 23rd. It explained that ARB means that Arirum announces the transition to a decentralized grass-roots autonomous organization (DAO), which means that ARB holders can vote on the key points of the management methods Arirum One and Arirum Nova-these two Internet users can buy and sell transactions on the ethernet block chain at faster and lower prices.

Over-the-counter transactions can easily trade digital currencies between sellers and buyers immediately. This process is generally very fast, and the assets are transferred directly from the bank account to the seller. In such a case, when the buyer and the seller negotiate the price, the seller receives the payment from the buyer and then abandons the link to the marked wallet seed statement.

Jason, who spoke on condition of anonymity, explained to Cointelegraph that the trend to sell unissued ARB tokens was based on guesses about the total market value of the tokens when they were sold. He explained that the price of an ARB coin is likely to reach $1 after release, so most people don't mind selling it for $0.50 each and make room for a buyer who is likely to get a profit of $0.50.

According to the second-tier analysis website L2Beat, Arirum accounts for 55 per cent of the second-tier sales market of ethernet. Expectations for Arirum tokens have been crazy since the launch of the Internet in 2021, one of the most important projects for tokenless login passwords.

Related to:LawsuitAirdrop hot spots help zkSync's detailed address jump to about five times in a week.

With the total delivery of ARB reaching 10 billion, the Arirum community will manipulate 56% of the tokens. The airdrop will distribute 11.5 per cent of the total supply to qualified Arirum customers and 1.1 per cent of the market supply to DAOS operating in the Arirum ecosystem.

After reports of fraudulent websites and fraudulent Arirum airdrop tokens, the Arirum community also warned others to be vigilant.

Optimists, Arirum's key competitor in Etherum expansion, launched its OP token about a year ago, when it switched to DAO remediation.

by Amaka Nwaokocha
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Tue, 18 Apr 2023

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