What is the $ARB Token?
kwa LCX Team ·
What is the $ARB Token?
The $ARB token is an ERC-20 governance token designed to empower its holders within the Arbitrum ecosystem. It allows token holders to participate in the Arbitrum DAO’s on-chain governance, making decisions about the Arbitrum One and Arbitrum Nova chains.
$ARB is minted by a smart contract on Arbitrum One, a Layer 2 rollup chain for Ethereum, and has an initial supply of 10 billion tokens. Holders can vote on governance proposals, including upgrades to the chain and how funds in the DAO Treasury are used. The power of a vote is token-weighted, meaning the more $ARB tokens you own, the more influence you have.
Trade $ARB at LCX Exchange
Sign InThe Arbitrum DAO governs both the governance protocol, as outlined in the Constitution, and the technology behind Arbitrum’s layer-2 chains. $ARB token holders play a crucial role in shaping the future of the Arbitrum ecosystem through their votes on proposals. Additionally, $ARB tokens can be delegated to others, allowing them to vote on your behalf, which is especially helpful for members who may not have time to review every proposal.
With a potential annual minting cap of 2% starting in 2024, $ARB tokens are a powerful tool for anyone looking to influence the evolution of Arbitrum. Holding $ARB means you are part of a decentralized community that shapes the future of blockchain scalability and governance.
Where Can You Buy ARB?
You can buy, trade, and deposit ARB tokens at the LCX exchange. The trading pairs for ARB tokens are: ARB/EUR
