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.
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