Cryptocurrency Q&A
What is arb crypto used for?
What is arb crypto used for?
Arianna
Sat Nov 16 2024
|
6 answers
1370
ARB crypto, the native token of Arbitrum, is primarily used for governance, allowing token holders to influence ecosystem developments. It also facilitates value transfer, enables voting on governance decisions, and participates in the election of financial management council members.
6 answers
Bianca
Mon Nov 18 2024
Holders of ARB tokens are granted the ability to actively participate in the decision-making processes of the Arbitrum network.
Was this helpful?
70
38
Andrea
Mon Nov 18 2024
They can propose various changes or upgrades to the protocol, ensuring that the network evolves in a manner that aligns with the community's vision.
Was this helpful?
254
86
CryptoTitan
Mon Nov 18 2024
ARB serves as the fundamental governance token within the Arbitrum ecosystem.
Was this helpful?
370
55
Pietro
Mon Nov 18 2024
Additionally, these token holders have the power to vote on the proposed changes, further emphasizing the decentralized nature of Arbitrum's governance.
Was this helpful?
230
88
Riccardo
Mon Nov 18 2024
This token is essential for facilitating transactions on the Arbitrum network, acting as the medium through which fees are paid.
Was this helpful?
66
66
Load 5 more related questions
