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?
Arbswap Airdrop Step-by-Step Guide
Here’s how to get the ArbEgg NFT and points in the Arbswap Stage 2 token airdrop:
- Swap tokens on Arbitrum One network via Uniswap and Sushiswap.
- Trading competition on Arbswap Swap page.
- Provide liquidity to Arbswap.
- Participate in the Prediction Market.
- Complete the social tasks to get ArbEgg Points.
See below for more details!
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 Get the Arbswap Token Airdrop?
Arbswap is doing a multi-stage airdrop event to earn ArbEgg NFTs and points, which will translate to an airdrop when its token is launched. Stage 2 of the airdrop is now LIVE from 13 April 2023, 2:00PM UTC to 28 April 2023, 2:00AM UTC! Here’s how to participate in Stage 2 of the Arbswap airdrop:
Stage 2 will focus primarily on on-chain activities, and there are 4 events for ArbEgg NFT holders to participate in and earn points. Additionally, there will be a leaderboard that tracks all user progress, and the top 100 participants from each event will be rewarded with another exclusive ArbEgg NFT.
- Swap tokens on Arbitrum One network via Uniswap and Sushiswap.
- Trading competition on Arbswap Swap page.
- Provide liquidity to Arbswap.
- Participate in the Prediction Market.
- Complete the social tasks to get ArbEgg Points
Now, you can start stacking ArbEgg Points, which gives you a higher chance of getting more airdrops once the event ends.
Complete social tasks to get ArbEgg Points
Arbswap has updated stage 2 with extra social events and an extended deadline! Here are the extra events to be completed for bonus ArbEgg Points and prizes!:
- 21 April to 24 April Meme Contest: Follow, Like & RT the game post, share your funniest memes. 100 ArbEgg Points will be awarded for the 10 funniest memes!
- 24 April to 26 April Meet your ArbEggs: Follow, Like & RT the game post, complete the maze and leave a screenshot in the comments. 50 ArbEgg Points will be given to 20 winners!
- 26 April to 27 April Word Puzzle: Follow, Like & RT the game post. Then, complete the Word Puzzle and leave a screenshot in the comment. 20 ArbEgg Point will be given to 50 random winners.
All ArbEgg Points earned will be converted to $ARBS tokens. Also, all ArbEgg NFT holders and those with the “Real Arbsian” role on Discord will be eligible for the airdrop and get an extra 20% ArbEgg points.
The top participants in each event of Stage 2 will also be awarded the ArbEgg: Stage 2 NFT. They will automatically be entitled to an even larger $ARBS token airdrop.
How to Get Maximum ArbEgg Points?
ArbEgg Points are exclusive to Arbswap’s Discord, where 1 Point equals 1 ArbEgg Point. At the end of each airdrop stage, the Arbswap team will publish a point sheet on Twitter and Discord showing the number of points earned. To check your ArbEgg Points daily, you can also go to the Discord #victory-wall channel.
- Follow Arbswap on Twitter.
- Join the Arbswap Discord.
- Invite friends to Discord with your referral link.
- Submit your tweet links to the #tweet-dispatch channel on Discord.
How to claim your ArbEgg Points?
For off-chain activities (i.e. Social activities), you will need to comment that you have completed the task on Discord with your wallet address. If you have not done so, you MUST do so by 4am UTC on 5th May 2023 to claim your ArbEgg Points, here’s how:
- Join the Arbswap Discord here: https://discord.com/invite/arbswapofficial
- Before 4am UTC on 5th May 2023, submit your Arbitrum One wallet address on their collection form.
- Afterward, you will be automatically invited to a private Discord channel and granted a “Wallet” role.
- Check your total ArbEgg Points here.
Note that late submissions will be considered disqualified!
How to Claim $ARBS Token Airdrop?
Those who receive the $ARBS token airdrop will have 3 options- burn, vest or unlock:
- Burn — Claim 10% of the airdrop and burn the remaining tokens.
- Vest — Claim 5% of the airdrop and vest 15% over 24 months. The rest will be burnt.
- Early Unlock — 0.01 $ETH is required to claim 50% of the airdrop instantly, with 50% vesting over the period of 12 months.
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 is currently doing stage 2 of its airdrop, so act fast to earn more points!
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.
