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Arbitrum · closed proposal

Empowering Early Contributors: The community Arbiter Proposal 2.0

0xb5B0…79f8·ended 2y ago·Discussion ↗·MEDIUM RISK
Voters
26,994
ARB voted
122.75M
≈$9.62M
Token price
$0.08

AI summary

This proposal seeks to reward 25 early Arbitrum community members, known as "Arbiters," with a total of 125,000 ARB tokens. These Arbiters contributed significantly to the Arbitrum ecosystem from 2021-2023 through various activities like translation, community support, and fraud prevention. The proposal aims to retroactively acknowledge their work, as they did not receive initial airdrops or rewards for their contributions.

Impact

If passed, 125,000 ARB tokens, currently valued at approximately $120,000 (at $0.96 per ARB), will be distributed equally among 25 Arbiters. This will compensate these specific individuals for past work and could set a precedent for future retroactive rewards for other community contributors. The Arbitrum DAO treasury will decrease by this amount.

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Voting results

For83.10M (67.7%)
Against1.83M (1.5%)
Abstain37.83M (30.8%)
122.75M ARB · ≈$9.62M · 26994 votersblock 178166641

🐳 Whale votes

0 votes > 5% VP
No whale votes on this proposal.

Full proposal

Original markdown · Arbitrum

Summary: This proposal proposes to allocate 125,000 $ARB tokens, equal to 0.00125% of the total supply, to recognize and reward the outstanding contributions of the Arbitrum community member known as "Arbiter". Arbiter receives the arbiter community role in the arbitrum discord after having made significant contributions to Arbitrum, as recognized by members of the Arbitrum team.

Over the three-year period 2021-2023, these contributors played a key role in the development of Arbitrum, from translating, advising, publicizing, and docking projects to community support, fraud prevention, and…

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