The arbitration Ecosystem caused a stir last week announcing the upcoming launch of its native token ARBwhich has been the subject of much speculation and anticipation.

What happened: The native token of the ARB protocol, also called ARB ARB/USDindependent of Arbitrum, increased by 170%, triggered by an apparent confusion of names.

The ARB protocol token was trading at $0.0048 at the time of writing, outperforming major tokens including Bitcoin BTC/USD And ether ETH/USD.

The upcoming AirDrop, scheduled for March 23, will distribute approximately 1.27 billion tokens to Arbitrum community members.

The launch of the governance token marks Arbitrum’s transition to a fully decentralized autonomous organization (DAO) and allows holders to participate in meaningful decisions across the Arbitrum One and Arbitrum Nova networks.

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Binance announced on Sunday that it will list ARB and start spot trading pairs on Thursday, March 23. Withdrawals will begin on March 24, the exchange said.

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