{"id":581591,"date":"2023-04-03T15:29:58","date_gmt":"2023-04-03T14:29:58","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=581591"},"modified":"2023-04-03T15:30:09","modified_gmt":"2023-04-03T14:30:09","slug":"arbitrum-rethinks-aip1-community-concerns","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/arbitrum-rethinks-aip1-community-concerns\/","title":{"rendered":"Arbitrum Rethinks $1 Billion AIP-1 Plan Following Community Concerns"},"content":{"rendered":"\n
Summary: <\/p>\n\n\n\n
The project\u2019s DAO will rework a contentious proposal to send 750 million ARB tokens to the Arbitrum Foundation after community backlash.<\/li>
On-chain data showed that the foundation sold 10M ARB tokens to supposedly fund pre-existing contracts and to pay for near-term operating costs.<\/li>
The sale sparked outrage as the Arbitrum community had not voted in favor of the AIP-1 proposal when the foundation sold tokens.<\/li><\/ul>\n\n\n\n