# The Arbitrum Team released a statement on AIP-1

**Published by:** [Bhanu000.eth](https://paragraph.com/@bhanu000-eth/)
**Published on:** 2023-04-04
**URL:** https://paragraph.com/@bhanu000-eth/the-arbitrum-team-released-a-statement-on-aip-1

## Content

Takeaways: • It was a ratification of something already decided. Not a proposal. • Other chains have Foundations. And they control a similar amount of tokens as the $1B ARB requested • They acknowledge miscommunication

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