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Arbitrum- is it a long term play?

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by COINS NEWS 64 Views

So, I was lucky enough to get some Arb tokens in the airdrop. To be honest, I wasn’t paying much attention and never would have bought any. With the ass-kicking I took on Altcoins in 2022, I’ve pretty much been staying BTC, Eth, moons throughout the bear market.

My instinct was to sell all the ARB for more ETH, but I started to look at pros / cons. I’m hoping some of you will give me thoughts to sell or Hodl the ARB.

Pros: - I like arbitrum and arbitrum nova. It works. - Fees are cheap and bridges function well. - Moons and bricks and likely future Reddit coins live there. - Tokenomics give me time to decide. Next unlock is March 2024 when investors start to linearly vest. link

Cons: - ARB a governance token. What drives demand? - ETH is used for fees, not ARB. Again, demand. - The claiming / delegating process was a complete clusterfuck

I’m on the fence. I’ll toss some moons at thoughtful, helpful responses.

submitted by /u/The-Francois8
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