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Update Governance Pages “airdrop-eligibility-distribution” #1217

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61 changes: 26 additions & 35 deletions docs/airdrop-eligibility-distribution.md
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Original file line number Diff line number Diff line change
Expand Up @@ -6,20 +6,18 @@ description: Learn about the $ARB airdrop eligibility and distribution specifica
dao_author: pearring
dao_sme: pearring
---

import DraftExpectationsPartial from '@site/docs/partials/_draft-expectations-partial.md';

<DraftExpectationsPartial />

:::caution THERE IS NO PRESALE

The only official website for the $ARB airdrop is [https://arbitrum.foundation](https://arbitrum.foundation). There is no presale. Don't ever share your seed phrase. When in doubt, [join the Discord](https://discord.gg/arbitrum) to ask for clarification.
The only official website for the $ARB airdrop is <https://arbitrum.foundation>. There is no presale. Don't ever share your seed phrase. When in doubt, [join the Discord](https://discord.gg/arbitrum) to ask for clarification.

:::

<a data-quicklook-from='arb'>$ARB</a> is an ERC-20 <a data-quicklook-from='governance-token'>governance token</a> native to the <a data-quicklook-from='arbitrum-one'>Arbitrum One</a> rollup chain. Token properties at launch:


<table className="small-table">
<tr>
<td><strong>Initial supply cap</strong></td>
Expand Down Expand Up @@ -59,12 +57,12 @@ The only official website for the $ARB airdrop is [https://arbitrum.foundation](
</tr>
</table>



### Token allocation & airdrop distribution

The passing of [AIPs 1.1](https://www.tally.xyz/gov/arbitrum/proposal/70545629960586317780628692755032548222173912190231545322320044688071893662480) and [1.2](https://www.tally.xyz/gov/arbitrum/proposal/77049969659962393408182308518930939247285848107346513112985531885924337078488) codified the role of the Arbitrum Foundation and established a grant to the Foundation's Administrative Budget Vesting Wallet. The distribution as of the passing of these two AIPs was as follows:
The passing of [AIPs 1.1](https://alt.gov.arbitrum.foundation/proposal/70545629960586317780628692755032548222173912190231545322320044688071893662480?govId=eip155:42161:0x789fc99093b09ad01c34dc7251d0c89ce743e5a4) and [1.2](https://alt.gov.arbitrum.foundation/proposal/77049969659962393408182308518930939247285848107346513112985531885924337078488?govId=eip155:42161:0xf07ded9dc292157749b6fd268e37df6ea38395b9) codified the role of the Arbitrum Foundation and established a grant to the Foundation's Administrative Budget Vesting Wallet. The distribution as of the passing of these two AIPs was as follows:

### Distribution Post AIPs 1.1 and 1.2

<table className="small-table">
<tr>
<td><strong>Percentage of initial supply</strong></td>
Expand All @@ -74,7 +72,7 @@ The passing of [AIPs 1.1](https://www.tally.xyz/gov/arbitrum/proposal/7054562996
<tr>
<td>35.28%</td>
<td>3.528 billion</td>
<td>Arbitrum DAO treasury</td>
<td>ArbitrumDAO treasury</td>
</tr>
<tr>
<td>26.94%</td>
Expand Down Expand Up @@ -103,12 +101,6 @@ The passing of [AIPs 1.1](https://www.tally.xyz/gov/arbitrum/proposal/7054562996
</tr>
</table>







### User airdrop eligibility details

A points system was used to determine the number of tokens that airdrop recipients can claim. Points criteria was focused primarily on Arbitrum One; however, there was a small subset of criteria applied to activity on Arbitrum Nova. Points earned on Arbitrum Nova could either bring a user up to 4 points total, or give them one additional point if they had already scored 4 points or more on Arbitrum One. You earn maximum one point per qualifying action performed before the snapshot date. Point scores were capped at 15.
Expand All @@ -119,27 +111,27 @@ Additionally, as the criteria and design of the airdrop as a whole was intention

Points earned on Arbitrum One

1. Bridged funds into Arbitrum One
2. Conducted transactions during two distinct months
3. Conducted transactions during six distinct months
4. Conducted transactions during nine months
5. Conducted more than four transactions or interacted with more than four different smart contracts
6. Conducted more than ten transactions or interacted with more than ten different smart contracts
7. Conducted more than 25 transactions or interacted with more than 25 different smart contracts
8. Conducted more than 100 transactions or interacted with more than 100 different smart contracts
9. Conducted transactions exceeding in the aggregate $10,000 in value
10. Conducted transactions exceeding in the aggregate $50,000 in value
11. Conducted transactions exceeding in the aggregate $250,000 in value
12. Bridged more than $10,000 of assets into Arbitrum One
13. Bridged more than $50,000 of assets into Arbitrum One
14. Bridged more than $250,000 of assets into Arbitrum One
1. Bridged funds into Arbitrum One
2. Conducted transactions during two distinct months
3. Conducted transactions during six distinct months
4. Conducted transactions during nine months
5. Conducted more than four transactions or interacted with more than four different smart contracts
6. Conducted more than ten transactions or interacted with more than ten different smart contracts
7. Conducted more than 25 transactions or interacted with more than 25 different smart contracts
8. Conducted more than 100 transactions or interacted with more than 100 different smart contracts
9. Conducted transactions exceeding in the aggregate $10,000 in value
10. Conducted transactions exceeding in the aggregate $50,000 in value
11. Conducted transactions exceeding in the aggregate $250,000 in value
12. Bridged more than $10,000 of assets into Arbitrum One
13. Bridged more than $50,000 of assets into Arbitrum One
14. Bridged more than $250,000 of assets into Arbitrum One

Points earned on Arbitrum Nova

1. Bridged funds into Arbitrum Nova
2. Conducted more than three transactions
3. Conducted more than five transactions
4. Conducted more than ten transactions
1. Bridged funds into Arbitrum Nova
2. Conducted more than three transactions
3. Conducted more than five transactions
4. Conducted more than ten transactions

<br />

Expand Down Expand Up @@ -204,9 +196,9 @@ As described earlier, points scored before and after Arbitrum Nitro was deployed

To prevent bots from taking advantage of the airdrop, a number of anti-Sybil rules were established:

- If an airdrop recipient's wallet transactions have all occurred within a 48-hour period, **one point is subtracted**.
- If an airdrop recipient's wallet balance is less than .005 ETH, **and** if the wallet hasn't interacted with more than one smart contract, **one point is subtracted**.
- If an airdrop recipient's wallet address has been identified as a Sybil address during the Hop protocol bounty program **the recipient is disqualified**.
* If an airdrop recipient's wallet transactions have all occurred within a 48-hour period, **one point is subtracted**.
* If an airdrop recipient's wallet balance is less than .005 ETH, **and** if the wallet hasn't interacted with more than one smart contract, **one point is subtracted**.
* If an airdrop recipient's wallet address has been identified as a Sybil address during the Hop protocol bounty program **the recipient is disqualified**.

Refer to [Arbitrum Sybil Hunting](https://github.com/ArbitrumFoundation/sybil-detection) to learn more about the Sybil mitigation methodology. Refer to our [Sybil accounts](./concepts/sybil-account.md) concept document for a conceptual introduction to Sybil accounts.

Expand All @@ -216,7 +208,6 @@ A separate distribution was allocated for DAOs that are building applications in

You can view the full list of DAOs and their allocations [here](https://docs.google.com/spreadsheets/d/e/2PACX-1vSSAzkIIJqw4WGKCF9gXFUkQojTt6weQTExZYmp3YRIR2TUjir9N8nh8xg7gQ2wuPA8mJKL2neL--to/pubhtml).


### Vesting and lockup details

While the user and DAO airdrops were available at the start of token distribution ([3/23/2023](https://etherscan.io/block/16890400)), all investor and team tokens are subject to 4 year lockups, with the first unlocks happening one year after the [token generation event (3/16/2023)](https://arbiscan.io/tx/0x9cdbb4672b549c26d97cac29f9cd73c1951656e0622ba4b9ed0abff2ee58698d) and then monthly unlocks for the remaining three years. The Arbitrum Foundation's allocation is subject to a lockup that began on 4/17/2023 and linearly unlocks over the course of four years; this is enforced by the [Arbitrum Foundation Vesting Budget Smart Contract Wallet](https://arbiscan.io/address/0x15533b77981cDa0F85c4F9a485237DF4285D6844).