Delphi Digital: There are over 135000 witch wallets in the Arbitrum distribution model

On March 23rd, Delphi Digital, a cryptographic research institute, said on Twitter that within less than 24 hours, Arbitrum will launch an ARB governance token airdrop, with approximately 625000 wallets eligible. In Arbitrum’s distribution model, more than 135000 wallets have been identified as witch wallets. According to the previously disclosed allocation plan, Arbitrum will allocate 12.75% of the token supply, or 1.275 billion tokens, to community members and DAOs in the ecosystem.

Interpretation of this information:

On March 23rd, Delphi Digital announced on Twitter that a cryptographic research institute, Arbitrum, would be launching an airdrop for their ARB governance token within the next 24 hours. This airdrop would be available to approximately 625,000 wallets eligible for the program. Arbitrum has identified over 135,000 wallets as witch wallets, which means they have more than one address associated with them.

Arbitrum plans to allocate 12.75% of its token supply, which is equivalent to 1.275 billion tokens, to community members and DAOs within the ecosystem. The previously disclosed allocation plan provides for transparency and offers incentives for investors to participate in the network’s growth through the powerful utility mechanisms offered by a governance token.

The term “airdrop” is used to describe the process of distributing tokens freely to recipients who meet certain criteria or prerequisites. In the case of ARB governance tokens, eligible users will receive tokens at no cost. This is essentially a marketing strategy that aims to encourage individuals to participate in the platform ecosystem and drive adoption.

In addition to the ARB governance token airdrop, Delphi Digital also mentioned that more than 135,000 wallets were identified as “witch wallets”. A witch wallet is a term used to describe a wallet that has multiple addresses associated with it. This is relevant because witch wallets could require more verification and validation than a typical wallet, as their usage patterns may be more difficult to track.

Three essential keywords that summarize this message are “Arbitrum”, “ARB governance token airdrop”, and “witch wallets”. Arbitrum is a cryptographic research institute that is going to launch an airdrop for the ARB governance token, which is a cryptocurrency used for governance decisions within the Arbitrum platform. The distribution model for this airdrop has identified over 135,000 witch wallets among about 625,000 eligible wallets. Participation in the airdrop is expected to drive adoption and incentivize investors to participate in the network’s growth.