Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»DAO sells $440,000 in ARB tokens to fund operations.
ADOPTION NEWS

DAO sells $440,000 in ARB tokens to fund operations.

By Crypto FlexsMarch 12, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
DAO sells 0,000 in ARB tokens to fund operations.
Share
Facebook Twitter LinkedIn Pinterest Email

Posted 1 minute ago In ~

Updated: March 11, 2024, 2:07 PM EDT

Hop DAO held an on-chain vote on Monday to sell 25% of its Arbitrum holdings, or more than 200,000. ARB

+0.46%
To cover operating costs.

The off-chain version of the proposal shows that the DAO will unload 209,251 ARB (worth nearly $440,000 at the time of writing) to purchase USD Coin (USDC). The community will use these stablecoins to reward Hop DAO’s moderators and fund the protocol’s development and research initiatives.

The timeline for the sale of ARB remains unclear. Hop DAO representatives did not immediately respond to The Block’s request for comment. As of this writing, ARB is trading at $2.08.Price data from The Block shows little change over the past 24 hours.

The proposal passed with approximately 85% of the votes (3.02 million votes) supporting the bill. According to Tally, a front-end platform for on-chain voting, seven delegates voted in favor of the sale, with one abstaining. As blockchain data shows, voting ended at 4:38 UTC.

The implementation of the proposal resulted in the transfer of ARB from Hop’s treasury to the community multisig wallet. snapshot. DAO sells digital tokens in tranches.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Elizabeth Napolitano is a data reporter covering business and technology news with a focus on cryptocurrency. Before she joined The Block, Elizabeth reported on BigTech, AI, cryptocurrency, and video games for CBS Moneywatch. As a CoinDesk reporter, she covered DeFi, NFTs, and US courts. She received a master’s degree in journalism from CUNY. X: Follow her at @LizKNapolitano.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025
Add A Comment

Comments are closed.

Recent Posts

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025
Most Popular

HODler’s DIGEST, January 26 -February 1 -Cointelegraph Magazine

February 2, 2025

AI-generated Bitcoin auction market launched by SatsCrap

February 12, 2024

Bitcoin mining difficulty is plummeting. Here’s why:

May 10, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.