Announcement on ARBK/ARB Token Swap

Bitget is gearing up to start exchanging ARBK (Arbitrum Futures Token) to ARB from March 27, 7 PM (UTC+8). The token swap will be completed by March 31, 7 PM (UTC+8).

According to Arbitrum, the total supply of ARB is 10 billion, and the ARB airdrop will commence on March 23. As the total supply of ARBK is 100 billion, we guarantee to recover ARBK and distribute ARB to all eligible users at a ratio of 10 ARBK: 1 ARB. During the token swap, users will not need to take any actions.

Token swap details:

1. Bitget will capture a snapshot of each user’s ARBK balance on March 27, 3 PM (UTC+8), and lock their ARBK assets.

2. From March 27, 7 PM to March 31, 7 PM (UTC+8), Bitget will review the eligibility of ARBK holders and distribute ARB accordingly. After the swap, we will recover ARBK from eligible users for disposal. However, users who are unable to pass the review will receive their locked ARBK back again.

3. We have suspended our ARBK deposit service at present, and ARB spot trading opened on March 24, 1 AM (UTC+8). ARB spot grid trading, spot margin trading, and spot copy trading have gone live.

Bitget reserves the right of final interpretation of this event. Participants who take any improper actions or display fraudulent behavior will be ineligible to redeem any and all rewards.