Arbitrum Foundation Airdrop To DAOs
Author: Naomi GonzalesFollowing the airdrop, the Arbitrum Foundation proposed a new set of reforms, known as AIP-1.1 and AIP-1.2. AIP-1.1 addresses a specific smart contract lockup timeline and focuses on expenditure, financial budget and transparency. AIP-1.2 further determines the revisions to the governing documents of the foundation and reduces the initial ARB token requirement from 5 million to 1 million.
Further, the proposed reforms passed without any dissent or back and forth during the voting session, with more than 99% in favor of them. While the airdrop is expected to increase the value of the token over the long-term, analysts have noticed that the token has gone into a negative trend. However, experts remain optimistic that the token's price will grow significantly in the future.