Orbiter Finance Launches OBT Token and Announces Airdrop
Orbiter Finance, the cross-chain transfer protocol, has introduced its native OBT token, with a portion of the supply allocated for an airdrop. The token generation event (TGE) is scheduled for January 20, coinciding with the inauguration of the new U.S. president, Donald Trump.
Launched three years ago, Orbiter Finance has grown to 4.3 million users, processing transactions totaling over $28 billion, according to the project’s blog. However, we couldn’t find any information on the amount of investment raised prior to the token launch.
For a detailed overview of Orbiter Finance and its airdrop, check out our full article on the website.
OBT is Orbiter Finance’s native ERC-20 governance token. According to the published tokenomics, 40% of the total supply has been allocated to the community, which represents a significant portion.
The first airdrop will distribute 22% of the tokens to Orbiter users, with the remaining tokens to be spread over six months among users who meet the eligibility criteria.
In addition, 20% of the OBT token supply has been reserved for the ecosystem and project development, 15% for the Orbiter foundation, 15% for the team and contributors, and 10% for investors.
The first snapshot for OPoints holders was taken on January 16 (12:00 UTC), with a second snapshot for NFT holders scheduled for January 19 (16:00 UTC). To qualify for the airdrop, users must have accumulated at least 40 OPoints and used Orbiter Finance for a minimum of two months since December 2021.
Certain restrictions also apply regarding the maximum number of OPoints eligible for the airdrop. For more details, visit the Orbiter Finance blog on Medium.
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