Arbitrum official response: 50 million ARB tokens were not sold in advance, and many decisions had to be made before the DAO was officially launched.

On April 3rd, in response to recent community discussions regarding the selling of tokens by the foundation before the AIP-1 proposal was voted on, Arbitrum officials made a statement on social media stating that the decentralized governance of Arbitrum is proceeding according to plan, but many decisions need to be made before the DAO is officially launched. The goal of the AIP-1 proposal is to involve the community in initial decision-making and ultimately allow token holders to approve initial decisions and frameworks through DAO voting. In addition, Arbitrum clarified that its foundation did not sell 50 million ARB tokens in advance. 40 million ARB tokens have been allocated as loans to mature participants in the financial market field, and the remaining 10 million ARB tokens have been exchanged for fiat currency to pay for operational costs. According to a blog post by Patrick McCorry, the Arbitrum Foundation began selling ARB tokens for stablecoins before its token holder governance community "approved" nearly $1 billion in budget (AIP-1 proposal), sparking controversy in the community.