Orbiter Finance’s cross-chain protocol Orbiter Finance will airdrop OBT (the governance token) to its users Jan. 20 to coincide with Donald Trump’s inauguration.
Orbiter announced Its native token OBT will be live the day of Trump’s inauguration. This is to reward early supporters, and encourage cross-chain token transaction.
OBT, like many ERC-20 Tokens will launch with governance and staking capabilities. A total of 10 billion tokens will be launched on Ethereum.ETHArbitrum, a ETH-based network for scaling (ARB( and Base shortly afterwards.
According to the team, 40% of OBT’s total supply will be allocated for community airdrops. According to the details shared via X, 22% (or 22% initial) of all eligible users are expected to receive this allocation. Airdropping the remaining 3% will take place over a six-month period.
For users to be eligible for an airdrop, they must have interacted actively with Orbiter’s Cross-chain Protocol for at least 60 day since December 2021. A further 15% of OBT has been reserved for Orbiter’s team, contributors to the project, select supporters including whitelisted Discord Moderators and non-fungible Token Holders.
Orbiter Finance was founded in 2021 to enable token transfers among EVM compatible blockchains. This protocol supported 35 millions transactions worth $28 billion from over 4.3 Million users.
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Source: crypto.news
