Arbswap is a decentralized exchange (DEX) suite native to Arbitrum. Their aim is to become the best-performing DEX on Arbitrum Nova and the no.1 go-to DEX on Arbitrum One. The team has also confirmed on Twitter they will be doing an airdrop of their soon-to-be-released token. In this article, we will explain what Arbswap is and a step-by-step guide on what you can do to receive its token airdrop.
Arbitrum JUST announced their airdrop. Find out more- Arbitrum ($ARB) Token Airdrop Eligibility: How to Claim?
What is Arbswap?
Arbswap is the ultimate game-fi-optimized DEX for Arbitrum Nova and One. The project hopes to offer a streamlined and user-friendly trading experience for all in-game assets, including both fungible and non-fungible assets (e.g. NFTs). Our liquidity farming feature allows projects to host LP incentives on both flexible and locked farming, granting more control to game projects on Nova. With Arbswap, users can enjoy a simplified trading experience for all their in-game needs, eliminating the need to navigate between Uniswap and NFT marketplaces.
Does Arbswap have a token?
Arbswap does not have a token yet, and they have not released their tokenomics. However, they have announced they will do a token airdrop and gave some hints on how you can be eligible for an airdrop.
How to receive a potential Arbswap token airdrop?
The Arbswap team has hinted on Twitter that increasing your transaction volume on their exchange may get you an airdrop. Here’s how to get a potential Arbswap token airdrop:
- Go to arbswap.io and connect your wallet
- Swap tokens
- Add liquidity to pools.
Go to Arbswap and connect your wallet
Connect your wallet to Arbswap. Arbswap supports MetaMask, WalletConnect, and SafePal. Make sure you are connected to the Arbitrum network.
Click on the “Swap” tab and choose which tokens you want to swap. Click “Swap” and confirm the transaction.
Add liquidity to pools
Help Arbswap by adding liquidity to their pools. To do this, click the “Liquidity” tab and choose which 2 tokens you wish to add. Click “Enable” then click “Supply”. By doing this, you will also earn 0.25% of all trades on the token pair chosen in proportion to the share of your pool. Fees are added to the pool and accrue in real-time. You can claim your rewards by withdrawing your liquidity. Remove your liquidity by finding the pool you wish to remove liquidity from. Then click “Manage this pool”, and “Remove”. Afterward, choose the amount to be removed, and click “Enable” and “Remove”. Finally, confirm the transaction.
Arbswap token airdrop review
When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.
Likelihood of Airdrop: Arbswap has confirmed they will do a token airdrop, and hinted that increasing your transaction volume will get you more airdrops.
Airdropped Token Allocation: It is unknown how many Arbswap tokens will be allocated towards airdrops.
Airdrop Difficulty: Getting an Arbswap token airdrop will require you to transact on Arbswap by swapping tokens or adding liquidity to their pools. These are simple actions for most cryptocurrency traders but will require you to use your own funds.
Token Utility: The Arbswap token utility is unknown.
Token Lockup: The Arbswap token lockup is unknown.