Arbitrum DAO Locks $770 Million In ARB: Price Implications vs. SPCT vs. FTM

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Arbitrum’s DAO has successfully locked up $770 million in ARB tokens using a vesting contract. On the other hand, Fantom (FTM) has been a victim of massive security breaches, with losses surpassing $122 million. 

Fortunately for investors, VC Spectra (SPCT) implements robust security protocols to safeguard investor funds. Let’s find out how Arbitrum’s (ARB) price dynamics compare to VC Spectra (SPCT) and Fantom (FTM).

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Arbitrum DAO Commits $770 Million Worth of ARB Tokens to Vesting Contract

Arbitrum’s DAO recently locked 700 million ARB tokens, equivalent to $770 million, in a vesting contract. This strategic decision promotes transparent governance within the Arbitrum (ARB) ecosystem, as the funds will be gradually released over a four-year period. 

The move comes after the approval of the AIP 1.1 proposal, which resolved governance challenges and addressed concerns surrounding the initial “special grants” program. By locking these funds, Arbitrum DAO reaffirms its commitment to supporting innovative projects built on the Arbitrum (ARB) platform.

Furthermore, locking a substantial amount of ARB tokens could potentially impact Arbitrum’s market dynamics, influencing factors such as price and liquidity. Meanwhile, Arbitrum (ARB) surged by 1.47%, reaching $1.13 in the past 24 hours. 

As Arbitrum (ARB) shows its dedication to responsible governance, experts indicate Arbitrum (ARB) can soar to $1.56 by the end of 2023.

Experts say VC Spectra (SPCT) is the future of blockchain

VC Spectra (SPCT) is a decentralized hedgefund empowering financial growth by harnessing algorithmic and systematic trading tactics. Regarding investor satisfaction, VC Spectra (SPCT) leaves no stone unturned, as it rewards users with quarterly dividends and buybacks based on investment returns.

With VC Spectra (SPCT) as their trusted partner, investors gain exclusive access to pre-ICOs and early-stage blockchain ventures. Moreover, VC Spectra (SPCT) grants voting rights to its investors, enabling them to shape the platform’s trajectory.

But that’s not all! VC Spectra’s native token, SPCT, is built on the Bitcoin blockchain to enhance functionality and security. Crafted as a BRC-20 standard token, SPCT employs a deflationary model, with a burn mechanism that steadily diminishes token circulation over time, amplifying VC Spectra (SPCT) value.

Take advantage of the exclusive opportunity to obtain SPCT tokens at a highly affordable rate of $0.008 during the initial presale. The future looks incredibly promising for VC Spectra (SPCT), with a projected surge to $0.08 upon its official launch, resulting in an exceptional 10x return on investment.It’s safe to say that VC Spectra (SPCT) is the go-to investment opportunity for investors seeking massive returns.

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Catastrophic Cyberattack Rocks Multichain Fantom Bridge

Investors are counting losses in excess of $122 million, as unknown assailants hacked Fantom’s (FTM) Multichain Bridge.

An exploit occurred when an unauthorized party breached Multichain’s Multi-Party Computation (MPC) address, which serves as a storage for locked funds spanning various blockchains. Using this illicit access, the attacker proceeded to withdraw the funds and transfer them to an external wallet beyond legitimate control. 

Furthermore, the recent attack on Fantom’s (FTM) Multichain has exposed vulnerabilities in their technology, contradicting prior claims by Fantom’s (FTM) team about the security of the private keys governing asset movements. Alongside this breach, Fantom (FTM) has encountered a string of obstacles, including transactional delays and a range of other issues.

Unfortunately, Fantom (FTM) has witnessed negative market sentiment due to the recent hack, with its price plummeting from $0.32 to $0.27, marking a 50% drop in the past week. Due to these developments, experts indicate Fantom (FTM) can go through a bearish sentiment in the next few weeks, plunging further to $0.19. 

Learn more about the VC Spectra (SPCT) presale here:

Presale: https://invest.vcspectra.io/login 

Website: https://vcspectra.io/ 

Telegram: https://t.me/VCSpectra 

Twitter: https://twitter.com/spectravcfund

*This article was paid for Cryptonomist did not write the article or test the platform.