Orbiter Finance Launches OBT Token: Details on Airdrop and Features

user avatar

by Giorgi Kostiuk

2 years ago

Orbiter Finance plans to release its governance token, OBT, on January 20, coinciding with Donald Trump's inauguration.

Launch of OBT Token

Orbiter announced that its native token, OBT, will be available on the Ethereum blockchain with staking and governance capabilities. The total supply is set at 10 billion tokens, with further issuances planned on ETH-based networks such as Arbitrum and Base.

Airdrop Participation Conditions

40% of the total OBT supply will be airdropped to the community. 22% of this allocation will be given to users who have actively interacted with Orbiter's cross-chain protocol for 60 days since December 2021. The remaining 3% will be distributed monthly over six months.

Orbiter Finance's Role in the Crypto Industry

Founded in 2021, Orbiter Finance supports token transfers between EVM-compatible blockchains. The protocol has processed 35 million transactions with $28 billion in volume from over 4.3 million users.

Orbiter Finance continues to evolve and draw the interest of the crypto market participants through the OBT token incentives and expansion of platform functionalities.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Aave Moves Closer to Adding Ethena's USDe to V4 Core Market

Aave is progressing towards the integration of Ethena's USDe into its V4 core market on Avalanche after a risk review.

user avatarMaria Gutierrez

Aave Governance Considers Adding Regulated Euro Stablecoin EURCV

Aave governance is evaluating the proposal to add the regulated euro stablecoin EURCV to its Ethereum market.

user avatarDavid Robinson

Aave Governance Considers Increasing Loan-to-Value Ratios for Major Assets

Aave governance is considering a proposal to increase loan-to-value and liquidation threshold parameters for major collateral assets.

user avatarAndrew Smith

GPT6 Sol Shows Superior Performance in Benchmark Tests

GPT6 Sol has demonstrated superior performance in various benchmark tests compared to its competitors, including Anthropic's Claude Opus 5.

user avatarZainab Kamara

Arbitrum DAO Considers Grant Bans for Three Projects

The Arbitrum DAO is evaluating a proposal to ban three projects, Good Entry, Limitless, and APX Finance, from receiving future grants due to serious issues identified by its Watchdog program.

user avatarJacob Williams

OpenAI Unveils New GPT6 Sol and Luna Models

OpenAI has launched two new models, GPT6 Sol and GPT6 Luna, designed to provide faster and more affordable options for everyday work, with a 50% reduction in API costs.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.