Loading...The Arena is a SocialFi application that enables creators to connect, engage, and monetize their content in the Web3 space. The platform combines social networking with financial features, allowing users to interact, trade, and earn rewards through various activities.
The platform has shown steady growth, currently handling thousands of new users and facilitating tens of thousands of trades weekly. The Arena is now introducing $ARENA, its native governance token, which will allow users to participate in platform governance decisions.
ARENA token details
$ARENA has a total supply of 10 billion tokens, with each token representing one vote in the platform’s governance system. The token distribution follows this structure:
- V1 Airdrop Rewards: 3.1B (31%)
- Future Incentives and Growth: 3.7B (37%)
- Treasury: 3.2B (32%)
Airdrop participants will receive 15% of their allocated tokens at launch, with the remaining 85% unlocking monthly over twelve months. Active platform engagement is required to claim monthly unlocks.
As per the details from their announcement, the airdrop claim goes live on October 29.
How to Participate in The Arena Airdrop: Step-by-Step Guide
- Visit The Arena website.
- Enter The Arena with your X account.
- Set up your profile by adding a bio and profile picture.
- Now go to the wallet section. You need some Avalanche (AVAX) in your wallet. If you don’t have any, get them on Binance.
- Deposit Avalanche (AVAX) to your Arena wallet
- Purchase a ticket from your profile section
- Engage with the Platform
- Create and share content (images, posts)
- Interact with other users’ content
- Participate in trading activities
- Maintain regular platform activity
- Track your points
- Points are distributed every Monday at 14:00 EST
- Monitor your point accumulation through your profile
- Each point earned equals 69 $ARENA tokens at launch
- You can also share your referral link to invite friends and earn free points.
How to maximize your Arena Airdrop points?
Points can be earned through various activities:
- General Platform Activity
- Maintaining Portfolio Value
- Ticket Price Level
- Referring New Users
- Tipping Other Users
- Trading Volume
- Content View Count
Important Features and Timeline
- Token Launch Date: Tuesday, October 29, 2024
- Claim Portal: Will be accessible through The Arena platform
- Uprising Campaign: Active until token launch
- Staking: Available immediately after claiming tokens
- First Governance Vote: Expected within days of launch
Upcoming Platform Developments
The Arena’s development roadmap includes:
- Potential Avalanche L1 development (subject to first governance vote)
- Mini app store launch
- Premium social features for token stakers
- Enhanced creator tools
- Platform integrations
Frequently Asked Questions
When are airdrop points distributed?
Points are distributed every Monday at 14:00 EST.
What happens to unclaimed tokens?
Any tokens not claimed within the 12-month claim period will be added to the “Future Incentives and Growth” pool.
Can I stake my $ARENA tokens?
Yes, claimed tokens can be immediately staked through the Token Portal for additional rewards.
What are the benefits of staking $ARENA?
Staking provides voting power in governance decisions and will unlock premium features in the future.
The Arena combines social engagement with financial opportunities in the SocialFi space. The upcoming $ARENA token launch provides users with governance rights and platform benefits.
Users can maximize their potential rewards by actively engaging with the platform and understanding the point system mechanics.
Requirements:
Estimated Value
n/a
Tokens per Claim
n/a
Max. Participants
Unlimited
