Understanding the Lookonchain Data and Allocation of ARBs Tokens
On April 3rd, according to Lookonchain data, 2.694 billion ARBs were transferred to approximately 140 EOA addresses through addresses beginning with 0x1e70 two days ago. This numbe
On April 3rd, according to Lookonchain data, 2.694 billion ARBs were transferred to approximately 140 EOA addresses through addresses beginning with 0x1e70 two days ago. This number of ARBs should be allocated to the Offchain Labs team, future teams, and consultants (26.94%), but this portion of Tokens should have a 4-year lockup period.
Nearly 2.7 billion ARBs were transferred to approximately 140 EOA addresses two days ago, which should have been subject to a 4-year lockup period
Introduction
On April 3rd, Lookonchain, a platform that tracks the on-chain activities of various cryptocurrencies, reported that there were 2.694 billion ARBs transferred to approximately 140 EOA addresses through addresses beginning with 0x1e70 two days ago. This transfer of ARBs raised several questions about the allocation and lockup period of the tokens. In this article, we’ll discuss the Lookonchain data and the allocation of ARBs tokens.
What is Lookonchain?
Before we dive into the Lookonchain data, let’s first try to understand what Lookonchain is. Lookonchain is a platform that tracks the on-chain activities of various cryptocurrencies. It provides various tools and charts that give insights into the blockchain activities of different cryptocurrencies. It also provides Block Explorer and Address Explorer tools that allow users to explore and analyze various on-chain activities.
Understanding the Lookonchain Data
According to Lookonchain data, there were 2.694 billion ARBs transferred to approximately 140 EOA addresses through addresses beginning with 0x1e70 on April 3rd. This transfer of ARBs raised several questions among the ARBs community. One of the most significant questions was about the allocation of these tokens.
Allocation of ARBs Tokens
The allocation of ARBs tokens can be divided into four categories:
– Offchain Labs Team
– Future Teams
– Consultant
– Community Rewards
According to the ARBs Token Economics, 26.94% of the total token supply should be allocated to the Offchain Labs team, future teams, and consultants. However, this portion of tokens should have a 4-year lockup period. It means that these tokens cannot be transferred or sold until the lockup period expires.
Based on the above data, it can be assumed that the recent transfer of 2.694 billion ARBs to 140 EOA addresses through addresses beginning with 0x1e70 could be related to the allocation of tokens to the various categories mentioned above.
Implications of the Transfer
The transfer of such a huge number of ARBs tokens raises several implications for the ARBs community. Firstly, it indicates that the ARBs project is making progress, and various teams and consultants are being onboarded for its development. Secondly, it increases the circulating supply of ARBs tokens, which affects their market value. However, the 4-year lockup period of the allocated tokens ensures that there is no immediate selling pressure in the market.
Conclusion
In conclusion, the Lookonchain data about the transfer of 2.694 billion ARBs to approximately 140 EOA addresses through addresses beginning with 0x1e70 indicates the allocation of ARBs tokens to the Offchain Labs team, future teams, and consultants. The 4-year lockup period of the allocated tokens ensures that there is no immediate selling pressure in the market. However, the transfer of such a huge number of ARBs tokens raises several implications for the ARBs community.
FAQs
1. What is Lookonchain?
– Lookonchain is a platform that tracks the on-chain activities of various cryptocurrencies.
2. What is the allocation of ARBs tokens?
– The allocation of ARBs tokens can be divided into four categories: Offchain Labs Team, Future Teams, Consultants, and Community Rewards.
3. What is the lockup period of the allocated tokens?
– The allocated tokens should have a 4-year lockup period. It means that these tokens cannot be transferred or sold until the lockup period expires.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/12567/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Federal Reserve Swaps Show Fed Interest Rates Will Peak at 4.96% in May
It is reported that the Federal Reserve swap shows that the Federal Reserve\’s interest rate will peak at 4.96% in May, which is not significantly different from before the announce
-
Speculation on the Release of a New Token from STEPN
On March 13, the official Twitter of STEPN released a meme picture with GNT text today, and it is suspected that a new token will be issued. STEPN officially released pictures with GNT text, and it is suspected that new tokens will be issued Analysis based on this information:The cryptocurrency market is always buzzing with news of new tokens being released. Recently, the official Twitter account of STEPN released a meme picture with GNT text, which has made enthusiasts speculate that the network is preparing to issue a new token. This has opened up a whole new discussion on what the new token could be, what benefits it brings to the STEPN network, and how it will fare in a highly competitive and ever-changing cryptocurrency market. STEPN is a popular social media platform that rewards its users for their engagement activities. People can earn rewards for posting, sharing, and participating in various community activities. STEPN has been growing rapidly in…
-
Token Approval Vulnerability Exploited on SwapX and Proxy
On March 6, PeckShield monitoring showed that two attackers continuously exploited the token approval vulnerability of SwapX and Proxy, and seized about $70000…
-
MakerDAO Community Rejects Cogent’s $100 Million Borrowing Proposal
According to the report, according to the governance website of the MakerDAO agreement, the MakerDAO community rejected the proposal of the United States Cogen…
-
Donald Trump’s NFT Series Trump Digital Trading Cards Series 2 Sells Out for $4.6 Million
According to reports, Donald Trump reported on the social media platform Truth Social that his newly launched NFT series Trump Digital Trading Cards Series 2 has sold out a total o
-
The Rise of Bitcoin-Based Domain Names
On April 26th, the Ordinals domain name project BTCDomain announced the launch of its first fully Bitcoin based on an on chain website and domain name. In addition, it will also op
-
Ethereum’s ZigZag DEX: Launching on Arbitrum Network with Meta Trade Feature
According to reports, the official Twitter account of Ethereum\’s second layer ZKRollup order book DEX ZigZag has announced that the new version of the order book will be launched o
-
“Bitcoin as a Path to Financial Freedom: Insights from Brazil’s Leading Financial Channels”
According to reports, according to a post by Bitcoin Magazine, the founder of one of Brazil’s largest financial channels said, “Bitcoin is the only way to achieve financial freedom.” Founder of Brazil Finance Channel: “Bitcoin is the only way to achieve financial freedom” Analysis based on this information:The complexity of the current financial system has made achieving financial freedom a daunting task for many individuals around the world. However, according to a recent post by Bitcoin Magazine, one of Brazil’s top financial channels believes that Bitcoin may be the solution to this problem. The founder of this leading financial platform has stated that Bitcoin is the only way to achieve financial freedom. This statement is significant in the context of Brazil’s financial industry, which has been plagued by corruption and instability for many years. Brazil is a nation with a history of economic upheaval, and its citizens have often been left with limited options when it comes to securing their…
-
South Korean Broker Arrested for Offering Bribe to List Tokens on Coinone
On March 14, it was reported that the Financial Investigation Department of the Southern District Procuratorate of Seoul, South Korea, had arrested and prosecuted a broker surnamed Gao, who was accused of offering hundreds of millions of won of bribes when requesting Coinone to list tokens. The prosecution found that during the listing process of various virtual assets, including Pica tokens, a large amount of listing fees flowed into Coinone through him, and the prosecution is conducting further investigation. (Yonhap) South Korean prosecutors accused a broker surnamed Gao of bribery in the listing of Coinone Analysis based on this information:On March 14, the Financial Investigation Department of the Southern District Procuratorate of Seoul, South Korea, arrested and prosecuted a broker surnamed Gao for offering hundreds of millions of won in bribes when requesting Coinone to list tokens. This news brings to light the negative implications of corruption in the cryptocurrency market, and the potential risks that brokers and exchanges face…
-
The Massive Cryptocurrency Heist Carried Out by North Korean Hackers
According to reports, the Federal Bureau of Investigation has accused hackers associated with the North Korean government of stealing $100 million in cryptocurrency from a Californ
-
Valor Confirms No Risk Exposure with Major Banks and SEBA Bank
It is reported that Valor, the trading product provider of the crypto trading platform, confirmed today that the company and all its operating subsidiaries had no risk exposure with Silvergate Bank, Signature Bank and Silicon Valley Bank. The company also confirmed that SEBA Bank AG, one of its strategic investors, had no risk exposure with Silvergate Bank, Silicon Valley Bank and USDC. （prnewswire） Valor: No risk exposure with Silvergate Bank, Signature Bank and Silicon Valley Bank Analysis based on this information:The recent statement made by Valor, the trading product provider of the crypto trading platform, confirmed that the company and its operating subsidiaries do not have any risk exposure with major banks including Silvergate Bank, Signature Bank, and Silicon Valley Bank. In addition, Valor also confirmed that SEBA Bank AG, one of its strategic investors, also had no risk exposure with Silvergate Bank, Silicon Valley Bank, and USDC. This announcement is of great significance to Valor, as it assures the…
-
Metaverse Construction Plans and Support Policies: Impact on Various Industries
On April 13th, according to incomplete statistics, it was found that more than 40 provincial and municipal governments across the country have issued more than 120 metaverse constr
-
Binance Misclassifies Australian Users as Wholesale Clients
On February 24, Binance said that there were 500 Australian users affected by the closure of contract positions. Binance previously responded to the fact that …
-
A-share closing: Shenzhen Blockchain 50 Index fell 5.12%
According to the news, the A-share market closed at 3301.26, with the Shanghai Composite Index falling 1.95%, the Shenzhen Composite Index closing at 11450.43, with a decrease of 2
-
Greg SiOourounis Appointed as General Manager of Sui Foundation
According to reports, the Sui Foundation has announced the appointment of Greg SiOourounis as its general manager, who will lead the execution of the foundation\’s efforts to suppor
-
Xverse and Hiro’s Update to Address Withdrawal Issues
On March 9, according to the official Twitter, the encrypted wallet Xverse and Hiro announced that the version will be updated this week to support users to di…