Press ReleaseCryptocurrency exchange KoinBX announces the listing of ARB, the new governance token of Arbitrum, a leading Ethereum layer 2 scaling solution. Trading for Arbitrum (ARB) spot pairs — ARB/USDT and ARB/INR – will begin on KoinBX on March 24 at 11:30 AM UTC. Furthermore, ARB withdrawals are scheduled to start on March 25 at 11:30 AM UTC.
On March 23, the Arbitrum token will be airdropped to eligible community members who identified by the Arbitrum Foundation. With the launch of ARB, Arbitrum is primed to transition into a decentralized autonomous organization (DAO). Moreover, this transition is expected to entitle ARB holders to the governance power of Arbitrum One and Arbitrum Nova, key networks that scale Ethereum transactions.
Significantly, ARB’s token supply is capped at 10 billion, with 56% of the supply allocated to the Arbitrum community. 11% of the entire supply will be distributed by airdrop to qualified Arbitrum users. While the DAOs participating in the Arbitrum ecosystem will receive 1% of the token supply.
About KoinBX:
KoinBX’s primary objective is to provide people with access to cryptocurrencies, making it one of the most popular cryptocurrency exchanges in the world. KoinBX focuses on offering a user-friendly cryptocurrency trading platform that provides easy access to the financial markets.
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