Social protocol The Arena announces the launch of ARENA token and will launch an airdrop
According to official sources, social protocol The Arena (formerly Stars Arena) announced the launch of the ARENA token and will initiate an airdrop. ARENA's main function will be as a governance token, and it is an ERC-20 asset built on the Avalanche C chain. According to The Arena, a total of 37,120,167 points have been airdropped to over 100,000 users, with each point being able to receive 60 ARENA tokens. This means that the total airdrop amount will be 2,561,292,000 ARENA tokens. The Arena also stated that only 10% of all airdropped tokens will be distributed in the initial stage, with the remaining 90% expected to be distributed monthly next year. More specific details about ARENA will be released closer to its launch.
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