Arbitrum distributed 1.1 billion ARB tokens to network users who met particular Arbitrum transaction conditions. At the time the airdrop was launched, the Arbitrum (ARB) token was traded at $1.31. Unfortunately, the Ethereum layer-two scaling solution doesn't appear to be doing well anymore, leaving it vulnerable to being outperformed by other cryptocurrencies, like Sparklo (SPRK).

Sparklo (SPRK) is an amateur cryptocurrency investment project. This article highlights its potential, showing why it is strong enough to outperform Arbitrum (ARB)

Arbitrum (ARB) Dips after ARB Token Airdrop

The Arbitrum Foundation, which recently transformed into a decentralized autonomous organization (DAO) following the ARB token airdrop, withdrew the contentious governance proposal, which would have given the organization power over more than $1 billion in ARB tokens. This was in reaction to community concerns over decentralization.

The AIP-1 proposal, according to community members, would have jeopardized the organization's decentralized nature by allocating too much power to a centralized body.

Arbitrum replied that the AIP-1 proposal would "likely not pass," but the foundation is "committed to addressing the feedback received from the community."

Following the criticism, the foundation was forced to alter its course. It admitted that AIP-1 was too broad and included too many topics, but it also stated that it will consider community feedback and break the governance package into more manageable portions.

According to CoinGecko, the price of ARB tokens plummeted, falling 18% from a high of $1.40 on April 1 to a low of $1.15 on April 3. The price of ARB has dropped by 86% since its airdrop on March 23.

Sparklo (SPRK) Set to Yield Massive Returns in 2023

Providing customers with the option to purchase gold, silver, and platinum bars, Sparklo (SPRK) aims to become the first cryptocurrency protocol investing platform. Many people have historically had difficulty gaining access to precious metals, either owing to the need for transportation and storage or the high expense of doing so. Sparklo (SPRK) will use fractional ownership to ensure that the assets are far more liquid and accessible to more people than ever before.

For each investment, one NFT will be issued and fractionalized. Users that purchase the full NFT can have the physical asset delivered to any location of their choice.

The InterFi Network has already reviewed the platform. Sparklo (SPRK) is currently working on a KYC application. The effort will give investors a game-changing investment opportunity by allowing users to exchange fractionalized NFTs backed by genuine silver, gold, and platinum bars.

Sparklo's (SPRK) is presently in its first stage. Sparklo is having its presale at $0.015. Early investors will be able to acquire it at a very low price since analysts predict it will be worth 40x by the end of 2023. The team tokens will also be subject to a 1,000-day lock and a 100-year liquidity guarantee.

Learn more about the presale:

Buy Presale: https://invest.sparklo.finance

Website: https://sparklo.finance

Twitter: https://twitter.com/sparklo_finance

Telegram: https://t.me/sparklofinance