ARB bottom is about to break out
The ARB token has multiple functions in the Arbitrum network, including:
Pay transaction fees:
When users perform transactions on Arbitrum, they are required to pay certain fees, which can be paid with ARB tokens. This is similar to using ETH to pay gas fees on the Ethereum network.
Governance rights:
ARB token holders can participate in the governance of the Arbitrum network and vote on important network upgrades and policy changes. This governance model promotes community participation and a decentralized decision-making process.
cyber security:
In many Layer 2 solutions, ensuring network security is critical. ARB tokens may be used to incentivize operators involved in network security maintenance, such as by staking tokens to ensure the legitimacy of their actions.