# Arbitrum airdrop

**Published by:** [zero](https://paragraph.com/@rakeshsjv-2/)
**Published on:** 2023-03-19
**URL:** https://paragraph.com/@rakeshsjv-2/arbitrum-airdrop

## Content

The Arbitrum Foundation said on Thursday that ARB, Arbritrum’s new token, will be airdropped to community members on Thursday, March 23 The long-awaited ARB token will grant holders the ability to vote on changes to the leading Ethereum layer 2 network. The ARB token will serve governance purposes and will have an initial supply cap of 10 billion. 11.62% of it (1.162B tokens) will go toward the airdrop. 1.13% will go to DAOs who helped build applications on Arbitrum.

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