Orbiter Finance to Launch OBT Token and Airdrop on January 20
Orbiter Finance will launch its governance and staking token, OBT, on January 20, coinciding with Donald Trump's presidential inauguration. This initiative aims to decentralize the platform and enhance blockchain interoperability.
Key Details of OBT Launch
- OBT is an ERC-20 token with a total supply of 10 billion.
- 40% of OBT is allocated for community rewards; 22% will be distributed through an initial airdrop on January 20.
- 3% monthly airdrops for six months will follow, based on user engagement.
- 20% reserved for ecosystem growth will unlock during the token generation event (TGE).
- 15% allocated for the team and contributors, 10% for early investors, and 15% for the Orbiter Foundation.
Airdrop Eligibility
- Participants must have used the protocol for at least two months since December 2021.
- A minimum of 40 OPoints is required for eligibility; users can claim up to 5,600 OBT based on their balance.
- NFT holders will receive 17,000 OBT per NFT; expert NFT holders will get 2,300 OBT each on January 23.
- All rewards must be claimed by January 25.
Founded in 2021, Orbiter Finance has processed $28 billion across 35 million transactions, attracting 4.3 million users. The introduction of OBT aims to deepen community involvement and follows similar strategies employed by other platforms like Jupiter and Binance.