On the eve of Donald Trump’s presidential inauguration in the United States, Orbiter Finance plans to leave its own distinct imprint on that day.
Earlier today, the cross-chain bridging protocol declared the imminent release of its governance and staking token, OBT, set to launch on January 20th. The announcement also mentioned an airdrop to recognize loyal users as part of this initiative. This step signifies Orbiter’s progress towards becoming more decentralized.
It also strengthens its vision of becoming the central hub for blockchain interoperability.
Orbiter Finance Sets up A Thoughtful Airdrop Strategy
The OBT token, functioning as per the ERC-20 standard, serves as the backbone for the Orbiter Finance system. With a maximum circulation of 10 billion tokens, OBT plays a crucial role in decision-making, staking, and fostering future advancements within this platform.
The forthcoming token will debut on the Ethereum blockchain and secondary networks such as Arbitrum and Base. As previously stated, the distribution of the OBT tokens has been thoughtfully organized, with the community playing a pivotal role in its implementation.
Approximately four out of every ten units of OBT have been set aside for the community. Out of this allotment, about one-fifth or 22%, will be given away during an initial airdrop happening on January 20.
The leftover distribution plan involves sending out 3% of the total amount every month for a period of six months. Importantly, your ability to receive these monthly airdrops depends on how actively you interact with Orbiter’s system.
It’s said that 20% of the total supply of OBT is set aside for nurturing the ecosystem’s development. A fraction of this amount will become accessible during the Token Generation Event (TGE).
15% of all OBT tokens will be distributed to the protocol’s team and contributors, while 10% have been reserved for early investors who backed the project during both its seed and Series A financing stages.
The Orbiter Foundation, who spearheads the “one chain, multiple connections” initiative, will also get a 15% share. These tokens for the foundation will be distributed gradually over a period of approximately 23 months.
Who Gets the Airdrops?
Orbiter Finance established a recognition and motivation program for its dedicated users. To be eligible for the airdrop, individuals should have consistently utilized the platform for at least two months starting from December 2021.
In addition, they must accumulate a minimum of 40 OPoints through their participation. Qualified individuals can redeem up to 5,600 OBT, depending on their OPoints total.
As a proud owner of an NFT, I’m thrilled to know that each of my unique collectibles is valued at a whopping 17,000 OBT tokens! This underscores the exceptional worth and allure of these digital treasures.
As a proud NFT holder in the Orbiter community, I’m excited to share that starting January 23, we will each receive 2,300 OBT tokens for every NFT we own. It’s essential to note that by January 25, all users can claim any remaining rewards. This move underscores Orbiter’s commitment to its community, demonstrating their dedication to a decentralized future where every user is included and empowered.
Established in the year 2021, Orbiter Finance has rapidly emerged as a prominent figure in the realm of blockchain interoperability. The platform has amassed an impressive user base of 4.3 million, facilitated transactions worth $28 billion, and successfully completed over 35 million transactions.
Through Zero-Knowledge (ZK) technology, Orbiter Finance allows users to smoothly move assets between various blockchains. The blockchain project, OBT, is striving to foster greater community engagement and participation.
The launch of Orbiter Finance’s OBT token includes an airdrop and reward system based on loyalty, aligning with common practices seen in other blockchain initiatives and digital trading platforms.
According to a report from Coinspeaker, various platforms such as Jupiter, Binance, and Polkadot have adopted similar tactics.
These platforms provide airdrops or bonuses for engaged users and those involved in the community. Such methods encourage interaction and foster growth within the ecosystem.
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2025-01-17 19:36