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

Solana Launches Create for Branded Yield-Bearing Tokens

On October 22, Solana launched Create, a platform designed to simplify the issuance of branded yield-bearing tokens.

user avatarKenji Takahashi

Key Themes and Expectations for Ripple's Upcoming Conference

Key themes for Ripple's upcoming conference include payments, tokenization, stablecoins, and XRP utility, aiming to provide insights into financial relationships and technical settlement processes.

user avatarGustavo Mendoza

World Discusses Challenges in Transaction Risk Screening

World discusses the complexities of transaction risk screening, highlighting the need for thorough verification of participants and payment destinations.

user avatarRajesh Kumar

Ripple's Swell and Apex Conference Scheduled for October

Ripple's Swell conference is scheduled for October 27-29 in New York, merging with the Apex developer gathering to discuss payments, tokenization, stablecoins, and XRP utility.

user avatarMaria Fernandez

World Launches New Banking and Finance Services

World has introduced its banking and finance services focusing on human verification and credentialing.

user avatarMiguel Rodriguez

UNDP and Blockchain for Good Alliance Launch Cybersecurity Programme

On October 19, the UNDP and the Blockchain for Good Alliance announced a two-year cybersecurity programme aimed at enhancing blockchain adoption in public institutions.

user avatarLuis Flores

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.