The Arena, a social protocol in the Avalanche ecosystem, has announced the launch of its ARENA token, with 2.5 billion tokens to be airdropped.

TechFlow reports that The Arena, a social protocol in the Avalanche ecosystem formerly known as Stars Arena, has announced the launch of its ARENA token and an upcoming airdrop.

ARENA is an ERC-20 asset built on the Avalanche C-Chain and will serve as the governance token.

According to The Arena, over 100,000 users have already received a total of 37,120,167 points via airdrop, with each point eligible for 60 ARENA tokens. The total airdrop amount will be 2,561,292,000 ARENA tokens.