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

US Treasury Targets BitBank in Sanctions Evasion Crackdown

The US Treasury has sanctioned BitBank, an Iranian exchange involved in facilitating Bitcoin payments for shipping companies in the Strait of Hormuz.

user avatarLi Weicheng

Solana Reclaims 105 Price Level After Market Dip

Solana's price recently fell to 96 after a marketwide dip but has since rallied to reclaim the 105 mark, experiencing a 56% increase in the last 24 hours.

user avatarAisha Farooq

MEXC Launches 'Trading Takes Two' Campaign to Showcase AI Capabilities

MEXC is launching a month-long campaign titled 'Trading Takes Two' to showcase how MEXC AI supports users in their trading journey.

user avatarTenzin Dorje

HTX Research Highlights Risks in Stock-Linked Memecoins

HTX Research's report highlights the risks of stock-linked memecoins, focusing on misleading high APY figures and the importance of understanding market conditions.

user avatarBayarjavkhlan Ganbaatar

HTX Research Unveils Insights on Stock-Linked Memecoins

HTX Research has released a report on stock-linked memecoins, analyzing their market structure and growth potential.

user avatarMohamed Farouk

BAI Builds Closed-Loop Infrastructure for the Agent Economy

BAI is building a closed financial loop for the agent economy, integrating models and agents to facilitate seamless transactions.

user avatarDiego Alvarez

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.