Question 1

What is Arbitrum?

Accepted Answer

Arbitrum is a protocol designed to make Ethereum transactions faster and cheaper. It achieves this by implementing two core protocols, Arbitrum Rollup and Arbitrum AnyTrust. Developers can leverage these protocols to build user-friendly decentralized apps (dApps) with improved scalability. Arbitrum has two primary chains: Arbitrum One, which was launched in 2021 and implements the Arbitrum Rollup protocol, and Arbitrum Nova, which is built on the Arbitrum AnyTrust protocol and focuses on ultra low-cost transactions. In August 2022, Arbitrum One was upgraded to the Arbitrum Nitro stack, which increased its scaling capabilities by 7-10 times.

The distribution of the ARB governance token plays a crucial role in decentralizing the governance of Arbitrum One and Arbitrum Nova, as well as their underlying protocols. This distribution enables ARB token holders to collaboratively shape the future of the Arbitrum ecosystem.

Question 2

What is the Arbitrum (ARB) token?

Accepted Answer

The Arbitrum One (ARB) token is a governance token that represents membership in the Arbitrum DAO (decentralized autonomous organization). ARB token holders can participate in the governance process by voting on proposals related to the development and management of the Arbitrum protocols and chains. Holding ARB gives token holders the ability to influence the direction the Arbitrum ecosystem and contribute to its decentralized future. The ARB token is distinct from ETH, Ethereum's native token, in its purpose and function. While ETH is a transactional token used to pay for transaction fees on the Ethereum network, ARB is specifically designed for governing the Arbitrum protocols and chains.

Question 3

How does Arbitrum's governance work?

Accepted Answer

Arbitrum's governance is driven by two main governing bodies: the Security Council and the Arbitrum DAO.

* The Security Council is a 12-member council elected by the Arbitrum DAO members. This council focuses on maintaining the security and performance of the Arbitrum ecosystem by applying emergency actions when necessary.
* The Arbitrum DAO is the global community of ARB token holders and their chosen delegates. This DAO is responsible for governing Arbitrum and its Security Council. The DAO can modify the Security Council's powers or even eliminate it entirely through constitutional proposals.

ARB token holders can participate in the governance process by voting on proposals directly or by delegating their voting power to delegates who represent their interests. This decentralized governance system ensures that decisions made within the Arbitrum ecosystem align with the community's best interests, rather than relying solely on a centralized group of decision-makers.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	ARB-USDT ARBUSDT	binance	AA	0.1518USDT	13.11%	331,225,860.20ARB	310,299	0.1342USDT	0.1562USDT
2	ARB-USDT ARB-USDT	kucoin	BB	0.1522USDT	13.50%	131,632,194.67ARB	48,908	0.1341USDT	0.1562USDT
3	ARB-USDT ARB-USDT	okex	A	0.1517USDT	13.21%	132,481,644.97ARB	153,847	0.1340USDT	0.1562USDT
4	ARB-USD ARB-USD	coinbase	AA	0.1517USD	13.00%	68,841,320.80ARB	41,164	0.1342USD	0.1561USD
5	ARB-USDT ARB_USDT	gateio	A	0.1517USDT	13.12%	64,204,006.00ARB	37,280	0.1341USDT	0.1562USDT
6	ARB-TRY ARBTRY	binance	AA	7.38TRY	13.19%	60,532,884.30ARB	26,719	6.52TRY	7.60TRY
7	ARB-USDT ARB_USDT	whitebit	BB	0.1519USDT	13.27%	58,170,615.14ARB	35,385	0.1341USDT	0.1566USDT
8	ARB-USDT ARBUSDT	bybit	A	0.1520USDT	13.26%	55,632,792.91ARB	95,860	0.1342USDT	0.1562USDT
9	ARB-USD ARBUSD	kraken	AA	0.1518USD	13.11%	41,090,666.91ARB	12,422	0.1342USD	0.1562USD
10	ARB-USDT ARB_USDT	cryptodotcom	AA	0.1518USDT	13.16%	42,640,414.00ARB	59,490	0.1341USDT	0.1563USDT
11	ARB-USDC ARBUSDC	binance	AA	0.1518USDC	13.11%	34,465,623.50ARB	23,836	0.1342USDC	0.1561USDC
12	ARB-USDT ARBUSDT_SPBL	bitget	BB	0.1518USDT	13.15%	23,800,023.77ARB	17,689	0.1342USDT	0.1562USDT
13	ARB-USD arbusd	bitstamp	AA	0.1523USD	13.57%	14,935,728.41ARB	5,333	0.1341USD	0.1561USD
14	ARB-USDC ARB_USDC	whitebit	BB	0.1528USDC	13.78%	12,195,829.08ARB	9,976	0.1343USDC	0.1563USDC
15	ARB-USD ARB_USD	cryptodotcom	AA	0.1516USD	12.99%	11,100,846.00ARB	24,022	0.1341USD	0.1562USD
16	ARB-USDC ARBUSDC	bybit	A	0.1517USDC	13.04%	10,988,676.28ARB	7,577	0.1342USDC	0.1560USDC
17	ARB-TRY ARB_TRY	whitebit	BB	7.39TRY	13.68%	8,802,671.10ARB	7,165	6.50TRY	7.61TRY
18	ARB-EUR ARBEUR	kraken	AA	0.1323EUR	14.25%	8,360,083.74ARB	2,682	0.1158EUR	0.1353EUR
19	ARB-ETH ARBETH	binance	AA	0.0₄6350ETH	18.69%	6,170,087.10ARB	5,124	0.0₄5350ETH	0.0₄6439ETH
20	ARB-USDC ARB-USDC	okex	A	0.1518USDC	13.20%	5,565,048.39ARB	17,955	0.1341USDC	0.1560USDC
21	ARB-BTC ARBBTC	binance	AA	0.0₅2000BTC	16.28%	4,177,773.40ARB	3,010	0.0₅1720BTC	0.0₅2040BTC
22	ARB-BTC ARB_BTC	whitebit	BB	0.0₅2011BTC	16.65%	2,718,311.00ARB	2,405	0.0₅1724BTC	0.0₅2037BTC
23	ARB-EUR ARB_EUR	whitebit	BB	0.1325EUR	13.83%	2,665,228.80ARB	2,220	0.1164EUR	0.1351EUR
24	ARB-USDT ARBUST	bitfinex	BB	0.1520USDT	13.22%	1,912,171.90ARB	1,025	0.1343USDT	0.1556USDT
25	ARB-USDC ARB_USDC	gateio	A	0.1525USDC	13.95%	1,238,196.27ARB	631	0.1338USDC	0.1561USDC
26	ARB-USD ARBUSD	bitfinex	BB	0.1538USD	14.58%	1,077,772.69ARB	1,383	0.1342USD	0.1561USD
27	ARB-TRY ARB-TRY	okex	A	7.42TRY	14.12%	652,486.80ARB	775	6.50TRY	7.59TRY
28	ARB-USD arbusd	gemini	A	0.1533USD	14.57%	551,296.39ARB	380	0.1338USD	0.1570USD
29	ARB-EUR arbeur	bitstamp	AA	0.1318EUR	13.72%	443,289.96ARB	138	0.1159EUR	0.1346EUR
30	ARB-USD ARB-USD	okex	A	0.1517USD	13.33%	312,415.31ARB	643	0.1339USD	0.1559USD
31	ARB-EUR ARB-EUR	okex	A	0.1315EUR	13.53%	283,707.45ARB	989	0.1159EUR	0.1350EUR
32	ARB-USD ARBUSD	hashkey	A	0.1523USD	13.40%	87,878.70ARB	590	0.1343USD	0.1555USD
33	ARB-USD ARBUSD	cexio	BB	0.1507USD	11.84%	23,205.45ARB	5	0.1347USD	0.1511USD
34	ARB-IDR ARBIDR	binance	AA	2,700.00IDR	14.84%	21,884.50ARB	151	2,351.00IDR	2,760.00IDR
35	ARB-USDT ARBUSDT	cexio	BB	0.1502USDT	10.95%	6,585.07ARB	7	0.1354USDT	0.1554USDT
36	ARB-USDC ARBUSDC	cexio	BB	0.1502USDC	7.74%	177.82ARB	1	0.1394USDC	0.1502USDC
37	ARB-BTC ARBBTC	cexio	BB	0.0₅1980BTC	11.24%	146.44ARB	1	0.0₅1780BTC	0.0₅1980BTC
38	ARB-USDT arb_usdt	xtpub	-	0.1519USDT	13.19%	387,357,850.40ARB	43,861	0.1342USDT	0.1562USDT
39	ARB-USDT arb_usdt	lbank	C	0.1523USDT	13.57%	88,726,417.29ARB	56,590	0.1341USDT	0.1563USDT
40	ARB-KRW KRW-ARB	upbit	B	208.00KRW	13.66%	87,023,512.64ARB	16,070	183.00KRW	214.00KRW
41	ARB-USDT ARB_USDT	coinw	-	0.1527USDT	13.79%	64,785,566.27ARB	5,053	0.1342USDT	0.1558USDT
42	ARB-USDT arb_usdt	digifinex	D	0.1519USDT	13.36%	55,188,759.80ARB	93,288	0.1340USDT	0.1561USDT
43	ARB-USDT ARBUSDT	bitrue	D	0.1522USDT	13.50%	52,712,871.11ARB	127,320	0.1341USDT	0.1564USDT
44	ARB-USDT ARBUSDT	toobit	C	0.1519USDT	13.10%	50,239,669.80ARB	20,357	0.1343USDT	0.1562USDT
45	ARB-USDT ARB_USDT	poloniex	C	0.1497USDT	7.62%	34,244,050.80ARB	282,291	0.1391USDT	0.1537USDT
46	ARB-USDC ARB_USDC	p2pb2b	D	0.1523USDC	13.49%	28,595,326.00ARB	20,653	0.1342USDC	0.1561USDC
47	ARB-TRY ARBTRY	btcturk	E	7.40TRY	13.36%	28,152,061.71ARB	9,733	6.53TRY	7.62TRY
48	ARB-USDT sARBUSDT	phemex	C	0.1522USDT	13.50%	25,889,416.05ARB	7,500	0.1341USDT	0.1562USDT
49	ARB-KRW ARB_KRW	bithumbkorea	-	208.00KRW	14.29%	19,852,339.02ARB	6,000	182.00KRW	214.00KRW
50	ARB-USDT arbusdt	huobipro	C	0.1524USDT	13.65%	18,016,754.85ARB	48,904	0.1341USDT	0.1559USDT