Users had nearly six months to claim the tokens after an airdrop in March.
The Arbitrum Foundation, which maintains the development of the Arbitrum blockchain, said Sunday it had transferred 69 million in unclaimed ARB tokens to the network’s treasury as the claim period for the tokens ended over the weekend.
The unclaimed rewards represent 0.69% of ARB’s total supply of 10 billion, according to technical documents.These tokens are worth over $59 million at current prices. ARB tokens were airdropped to eligible users in late March to a huge community response – with over 42 million tokens claimed by 23,000 unique usersAirdrops refer to the unsolicited and/or automatic transfer of tokens from projects to crypto users.
While the claims deadline was set on Sept.24 after ARB went live, a governance vote in August saw Arbitrum community member yoav.eth propose that these tokens be transferred to the Arbitrum treasury – instead of being locked forever. The vote
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