Owning ARROW: Uses, Storage and Risks

ARROW is the governance and contribution token of Arrow, a DAO working on open-source aircraft. You can use it to vote on proposals through Snapshot, pay contributors and bounty hunters for completed work, and act as the bond asset in the DAO’s open manufacturing protocol. It is not described as a share in an aircraft, a claim on project revenue or a guarantee that a proposed aircraft will be built.

Arrow’s work includes Project Quiver, a 25 kg open-source quadcopter offered as a developer kit, and Project Spearhead, a planned fixed-wing cargo VTOL. Manned eVTOL and air-taxi programmes are longer-term plans. Those projects give ARROW a stated role in coordinating and supporting the DAO, but they do not by themselves establish what the token will be worth or what holders can redeem it for. Before relying on a vote or contribution payment, check the current DAO proposal and its terms.

ARROW has been live on Ethereum since March 2022 and is also available on Optimism through Ethereum’s canonical Standard Bridge. It is an Ethereum-issued token, not a native gas token for either network. You still need the relevant network’s native coin to pay transaction fees when sending or interacting with tokens.

Use a wallet that supports Ethereum for the Ethereum version, or Optimism for the bridged version. Before sending ARROW, confirm that the receiving wallet and any exchange support the exact network you choose; an address can look familiar across EVM networks without making a deposit on the wrong network recoverable. If you bridge tokens, check the network, destination and transaction details carefully, and allow for the bridge process to complete before sending again. Don’t assume an exchange supports Optimism deposits just because it lists ARROW.

ARROW’s stated total and maximum supply are both 100 million tokens. About 25.1 million were circulating as of 2026-11-07, so the circulating amount was roughly one quarter of the stated total. The project facts do not give a complete breakdown of who holds the remaining supply, when it may enter circulation or whether any tokens are locked. Check the DAO’s current token information before making assumptions about future supply.

As of 2026-11-07, ARROW’s market capitalization was about $3.7 million and its fully diluted valuation was about $14.6 million. These are changing market figures, not guarantees of value. Reported 24-hour trading volume was just $23 on that date, indicating very thin trading in the snapshot. Thin liquidity can make it harder to trade at a quoted price, and a small order may move the price substantially. Treat displayed prices and valuations as time-sensitive.

For self-custody, keep ARROW in a wallet where you control the recovery phrase or hardware-wallet keys. Write the recovery phrase offline and store it somewhere private and secure; anyone who gets it can take the assets. Never enter it into a website or share it with someone claiming they need it to help with a vote, bridge or payment.

Keep a small amount of the correct network’s native coin available for transaction fees. When receiving ARROW, confirm the network with the sender and make a small test transfer if the amount is significant and you can afford the extra fee. For a bridge transfer, verify that you are using the canonical Standard Bridge and carefully check each transaction in your wallet. A bridged token may be shown separately from the Ethereum version, so confirm the network before interacting with it. For DAO voting, review the proposal and the wallet connection request; a vote should not require you to disclose your recovery phrase.

ARROW combines the risks of a small, thinly traded token with the uncertainty of a project developing physical aircraft. The low reported trading volume as of 2026-11-07 may make it difficult to exit a position at the price you expect. Market capitalization and fully diluted valuation can also change quickly, and the circulating supply is much smaller than the stated total supply.

There are also network and custody risks. A mistaken transfer, compromised wallet or problem with a bridge can result in a loss; using Optimism adds reliance on the bridging process as well as the destination network. Governance tokens can give holders a vote without guaranteeing that a proposal passes or is carried out. Finally, aircraft development faces technical, manufacturing and regulatory challenges. The project’s long-term transport-network goal is an ambition, not evidence that such a network is operating. Only commit funds you can afford to lose, and verify token details before acting.