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Arbitrive Launches Pledge Function for TROVE Holders

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On February 27, Arbitrive, the Arbitrum Ecological Income Index Agreement, tweeted that the pledge function would be launched within 12 hours, and the TROVE ho…

Arbitrive Launches Pledge Function for TROVE Holders

On February 27, Arbitrive, the Arbitrum Ecological Income Index Agreement, tweeted that the pledge function would be launched within 12 hours, and the TROVE holder could pledge tokens on the Arbitrive application to earn income and prepare for governance. It was previously reported that Arbitrove made a public offering in Camelot Launchpad on February 17, with the amount raised exceeding 3000ETH.

Arbitrum Ecological Income Index Agreement Arbitrove will launch the TROVE pledge function

Interpretation of the news:


Arbitrive, an ecological income index project based on the Arbitrum blockchain, has recently launched a pledge function for TROVE holders. The announcement came on February 27th, via the project’s official Twitter account. According to the announcement, the users can now pledge their tokens on the Arbitrive application to earn income and prepare for governance. The development is considered a major achievement for TROVE holders as it can reportedly enhance their investment experience.

TROVE is an ERC-20 token, which acts as a key component of the Arbitrive’s ecosystem. It represents the contribution of users towards carbon reduction initiatives and other renewable energy projects. TROVE holders can earn eco-income by contributing to eco-projects like tree planting, renewable energy adoption, and sustainable agriculture. Therefore, the launch of the pledge function is expected to increase users’ engagement with the ecological projects and facilitate better governance of the project’s tokenomic model.

The pledge function allows users to stake their TROVE tokens for a certain period, during which they can earn a fixed rate of interest. It offers a straightforward and low-risk way for users to earn passive income by contributing to the project’s ecological initiatives. Moreover, it will increase the liquidity of the TROVE token, as users will no longer have to hold their tokens to earn eco-income. Instead, they can pledge their tokens and still enjoy the benefits of the project.

In conclusion, the launch of the pledge function is a significant development for the Arbitrive project and TROVE holders. It is expected to increase users’ participation in the ecological initiatives and facilitate better governance of the project. The pledge function offers a simple and low-risk way for users to earn passive income and enhance their investment experience. It is a positive step towards creating a sustainable future and aligning the financial goals of the users with the ecological objectives of the project.

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