Arbitrum Launches Token Swap Proposal With Blue Chip Projects, Up To 500,000 ARBs To Be Swapped For A Single Project

On October 19, Snapshot revealed that Arbitrum has launched a proposal to conduct token swaps with a series of blue chip projects, with 19 blue chip projects currently identified, and plans to conduct token swaps with three to seven of them, with a cap of 2 million ARBs in total, and a maximum of 500,000 ARBs for a single project.Additionally, the proposal proposes to incentivize users who still hold more than 50% of the tokens of the original ARB airdrop with the program. In addition, the proposal proposes to incentivize users who still hold more than 50% of the tokens from the original ARB airdrop through this program. 
The proposal currently has a 74% opposition rate and will close on October 25th.