Will arbitrum hold a standalone vote on its 750 million allocation?

Arbitrum will hold a standalone vote on its 750 million token allocation. The Arbitrum Foundation said late Sunday it will break up a controversial governance package into a series of separate votes, bending to community pressure after holders of its ARB token staged a loud revolt. "AIP-1 is too large and covers too many topics.

Is arbitrum Foundation stealing 750m $ARB from Treasury?

Chris Blec, a crypto advocate and proponent criticized Arbitrum Foundation’s move in a recent tweet: Vote is underway for @arbitrum to steal 750m $ARB from treasury for its “Foundation” to hand out “Special Grants”.

What is the arbitrum Foundation's first attempt at governance?

The Arbitrum Foundation alarmed the ARB community with its first attempt at governance on April 1. The proposal called for 750 million ARB tokens, worth nearly $1 billion to fund a “special grants” program that would foster the ecosystem’s growth.

Will the arbitrum Foundation sell more tokens?

The Arbitrum Foundation further pledged it "has no near-term plans to sell more tokens," a nod to the blowback over millions of dollars in ARB it sold for "operational purposes" without community consent. Edited by James Rubin.