Introduction of the OBT Token
Orbiter Finance has introduced its native governance and staking token, OBT, as part of its vision to create a decentralized, cross-chain bridging ecosystem. The token’s launch on January 20 coincides with the inauguration of President-elect Donald Trump, symbolizing a new chapter for the crypto space.Token Supply and Distribution
OBT is an ERC-20 token with a total supply of 10 billion, launching on Ethereum, Arbitrum, and Base. At launch, 28% (2.8 billion tokens) will be in circulation. The token allocation includes:Key Highlights:
- Community: 40% for initial airdrops and future incentives.
- Ecosystem Growth: 20%, with 2.5% unlocked at launch.
- Team and Contributors: 15%, vested monthly over 23 months.
- Early Investors: 10%, reserved for seed and Series A round contributors.
- Foundation: 15% to support Orbiter’s long-term goals.
Community-Centric Airdrop and Eligibility
An initial 22% of OBT tokens are earmarked for airdrops, starting with a snapshot taken on January 16. Eligible users include:Key Highlights:
Additional snapshots will ensure fair distribution, with Ace NFT holders eligible for 17,000 OBT per NFT and other rewards staggered across January.
- Those with a history of using Orbiter for cross-chain transactions.
- Holders of Ace and Expert NFTs.
- Active community contributors, such as Discord moderators.
Orbiter’s Ecosystem Achievements
Since its inception in 2021, Orbiter has processed over $28 billion in transactions across 4.3 million users, demonstrating its leadership in ZK-tech-based interoperability. Its roadmap includes governance and staking mechanisms in 2025, further solidifying its decentralized infrastructure.
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