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 will begin on March 24, 2023, at 11:30 AM (UTC). The trading pairs KoinBX will offer are: ARB/USDT and ARB/INR. Furthermore, ARB withdrawals are scheduled to start on March 25, 2023, at 11:30 AM (UTC).
On March 23, the new Arbitrum token, ARB, will be airdropped to members of the community who qualified by the Arbitrum Foundation It was underlined that with the launch of ARB, Arbitrum will transition into a decentralized autonomous organization (DAO), giving ARB holders a voice in the direction of Arbitrum One and Arbitrum Nova, two networks that improve the efficiency and cost-effectiveness of Ethereum blockchain transactions.
There will be a total of 10 billion ARB tokens issued, with the Arbitrum community holding 56 percent of them. Eleven percent of the entire supply will be distributed by airdrop to qualified users of the Arbitrum platform, while one percent will be distributed to DAOs participating in the Arbitrum ecosystem.
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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