Arbitrum is a Layer 2 scaling solution for Ethereum, designed to improve the speed and efficiency of the network while reducing gas fees. It is a technology that aims to provide users with fast and low-cost transactions by leveraging off-chain computation and verification. The platform is built on Ethereum, and its native token is ARB.

In this article, we will explore the complete details of Arbitrum, including its total supply, utilities of the token, token allocation, price before and after listing on the Binance exchange, listing date, and trading pairs.

Total Supply and Token Allocation

The total supply of ARB is capped at 1 billion tokens. The token allocation is as follows:

  • 20% of the total supply is reserved for the team and advisors.

  • 10% is allocated to the foundation.

  • 15% is reserved for ecosystem development.

  • 5% is allocated to marketing and partnerships.

  • 50% of the total supply is reserved for the community, which will be distributed through various means such as liquidity mining, staking, and governance participation.

Utilities of the Token

The ARB token has several utilities within the Arbitrum ecosystem, including:

  • Transaction fees: ARB is used to pay for transaction fees on the Arbitrum network.

  • Staking: ARB can be staked to participate in the network's governance and earn rewards.

  • Liquidity provision: ARB can be used to provide liquidity on decentralized exchanges (DEXs) such as Uniswap and SushiSwap.

  • Protocol governance: ARB holders can participate in the network's governance by voting on proposals and decision-making.

Price Before and After Listing on Binance Exchange

At the time of writing, ARB is trading at around $25.41 USD per token, with a market capitalization of over $2.5 billion USD. The price of ARB has increased significantly since its launch in May 2021 when it was trading at around $2 USD per token.

It's important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly, so the price of ARB before and after listing on the Binance exchange cannot be accurately predicted.

Listing Date and Trading Pairs

Binance has officially announced that ARB will be listed on 23-03-2023 and users will able to go for their trading activities.

Binance will list Arbitrum (ARB) and tentatively set to open trading for these spot trading pairs at 2023-03-23 17:00 (UTC):

  • New Spot Trading Pairs: ARB/BTC, ARB/USDT

  • Users can start depositing ARB in preparation for trading once the official token claiming is live at the Ethereum block height of 16,890,400, estimated at around 2023-03-23 12:30 (UTC)

  • Withdrawals for ARB are tentatively set to open at 2023-03-24 17:00 (UTC)

  • ARB Listing Fee: 0 BNB

Note: The withdrawal open time is an estimated time for users’ reference. Users can view the actual status of withdrawals on the withdrawal page.

In addition, Binance will add ARB as a new borrowable asset with this new margin pair on an Isolated Margin, within 48 hours from 2023-03-23 17:00 (UTC):

  • New Isolated Margin Pair: ARB/USDT

Please refer to Margin Data for a list of the most updated marginal assets and further information on specific limits and rates.