Fire will launch ARB first, and the deposit service will be available today at 8 PM

2023-03-17 16:27:09

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ChainCatcher news, according to the official announcement from Huobi, Huobi will launch ARB for the first time and fully support the development of the Arbitrum ecosystem. The deposit service will be opened today at 20:00 (GMT+8). The announcement states that the opening time for spot trading and withdrawal services is to be determined, subject to the official announcement.

According to previous news, Arbitrum announced on the evening of March 16: it will launch DAO governance and the governance token ARB for the Arbitrum One and Arbitrum Nova networks, which will be airdropped to community members on March 23. The number of airdropped tokens will account for 11.6% of the total supply.

It is reported that Arbitrum is a Layer 2 scaling solution for Ethereum, created by Offchain Labs. It uses Optimistic Rollup technology to compress blockchain transaction data and then roll it up into a single transaction, allowing multiple data or transactions to be packaged, settled on a sidechain, and then reporting the transaction data back to Ethereum, achieving the goal of saving time and gas fees.

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