Orbiter Finance to Launch Governance Token OBT with Airdrop on January 20

Orbiter Finance, a cross-chain bridge protocol, is set to launch its governance token, OBT, on January 20, coinciding with a significant event. The token’s launch aims to reward early supporters and incentivize cross-chain token transactions.

The OBT token will debut with staking and governance capabilities, similar to many ERC-20 tokens. Its total supply of 10 billion tokens will launch on the Ethereum network, with additional issuances planned for ETH-based scaling networks such as Arbitrum and Base shortly thereafter.

OBT Token Distribution and Airdrop Details

The project has allocated 40% of OBT’s total supply for community airdrops. To qualify for the airdrop, users must have actively interacted with Orbiter’s cross-chain protocol for at least 60 days since December 2021.

Key details of the airdrop include:

  • 22% of eligible users will receive an initial 22% of the airdrop allocation.
  • The remaining 3% of the airdrop will be distributed monthly over six months.

Additionally, 15% of the total OBT supply has been set aside for the Orbiter team, project contributors, and select supporters, including whitelisted Discord moderators and non-fungible token holders.

About Orbiter Finance

Orbiter Finance, founded in 2021, aims to facilitate token transfers between EVM-compatible blockchains. The protocol has supported 35 million transactions with $28 billion in volume from over 4.3 million users.

“Introducing $OBT – Orbiter Finance’s token. TGE on Jan 20, 2025.”

Orbiter Finance’s token launch marks a significant milestone for the project. As the crypto space continues to evolve, it’s essential to stay up-to-date with the latest news and developments.

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