ARB is going to unlock coins, all you need to know👇🏻
On June 16th, ARB coin holders may participate in a locking event, which typically involves staking tokens for network security, governance, or earning rewards. Key points include:
1. **Purpose**: Enhance network security, participate in governance, and earn rewards.
2. **Duration**: Tokens are locked for a fixed period and cannot be transferred or sold.
3. **Rewards**: Participants receive additional ARB tokens based on the amount staked and lock-up duration.
4. **Governance**: Locked tokens grant voting rights on network proposals.
5. **Security**: Locking tokens aligns incentives and secures the network.
For specific details about the June 16th event, check official Arbitrum announcements.
