Key Points
Orbiter Finance’s Token Airdrop
Orbiter Finance, a cross-chain bridge protocol, has announced plans to airdrop its governance token, OBT.
The airdrop is scheduled for January 20.
This date coincides with Donald Trump’s swearing-in.
The company made an announcement that its native token, OBT, will go live on the same day as Trump’s inauguration.
This move is intended to reward early supporters and encourage cross-chain token transactions.
OBT is similar to many ERC-20 tokens.
It will debut with staking and governance capabilities.
The token’s total supply is 10 billion.
It is set to launch on Ethereum (ETH).
Plans have been made for additional issuances on ETH-based scaling networks such as Arbitrum (ARB) and Base.
Token Allocation and Eligibility
Orbiter Finance has earmarked 40% of OBT’s total supply for community airdrops.
According to details shared by the team, 22% of eligible users will receive an initial 22% of the airdrop allocation.
The remaining 3% will be distributed monthly over six months.
Users must meet certain criteria to qualify for the airdrop.
They must have actively interacted with Orbiter’s cross-chain protocol for at least 60 days since December 2021.
The company has also reserved 15% of the total OBT supply for the Orbiter team, project contributors, and select supporters.
This includes whitelisted Discord moderators and non-fungible token holders.
Orbiter Finance was founded in 2021.
Its mission is to facilitate token transfers between EVM-compatible blockchains.
To date, the protocol has supported 35 million transactions.
These transactions total $28 billion in volume from over 4.3 million users.
