Orbiter Finance to airdrop 40% of its OBT tokens as it eyes going live on January 20.
As the United States prepares for Donald Trump’s upcoming presidential inauguration, Orbiter Finance has chosen the same day to make its mark.
In a blog post earlier today, the cross-chain bridging protocol announced the launch of its upcoming native governance and staking token, OBT. This launch will include an airdrop to reward loyal users, scheduled to debut on January 20. This initiative marks Orbiter’s move toward decentralization.
It also strengthens its vision of becoming the central hub for blockchain interoperability.
Orbiter Finance Sets up A Thoughtful Airdrop Strategy
OBT, an ERC-20 token, is designed to power Orbiter Finance’s ecosystem. With a total supply of 10 billion tokens, OBT will drive governance, staking, and further innovation on the platform.
The upcoming token is set to be launched on the Ethereum blockchain and Layer 2 networks like Arbitrum and Base. As announced, the protocol has carefully structured its OBT allocation, and the community is at the initiative’s core.
A significant portion of OBT, totaling 40% of the supply, has been reserved for the community. Of this, 22% will be distributed through an initial airdrop on January 20.
The remaining allocation includes monthly airdrops of 3% for six months. Notably, eligibility is determined by the user’s engagement with Orbiter’s protocol.
Reportedly, 20% of OBT is reserved to support the ecosystem’s growth. A small portion of this will be unlocked during the token generation event (TGE).
The protocol’s team and contributors will get 15% of the total OBT tokens. Another 10% has been set aside for early investors who supported the project during its seed and Series A funding rounds.
The Orbiter Foundation, which leads the “all chains, one hub” mission, will also receive 15%. These tokens for the foundation will be released slowly over 23 months.
Who Gets the Airdrops?
Orbiter Finance has created a reward system to recognize and incentive its loyal users. To qualify for the airdrop, participants must have actively used the protocol for at least two months since December 2021.
They also need to have earned at least 40 OPoints through their activity. Eligible users can claim up to 5,600 OBT based on their OPoints balance.
Ace Non-Fungible Token (NFT) holders will receive 17,000 OBT per NFT, highlighting the premium value of these collectibles.
Expert NFT holders will follow suit on January 23, receiving 2,300 OBT per NFT. Importantly, all recipients can claim their remaining rewards by January 25. This strategy shows that Orbiter prioritizes its community, ensuring its move toward decentralization includes and empowers all users.
Founded in 2021, Orbiter Finance has quickly established itself as a leader in blockchain interoperability. The protocol has attracted 4.3 million users, processed $28 billion, and completed 35 million transactions.
Using ZK technology, Orbiter Finance has enabled users to transfer assets seamlessly across multiple blockchains. With the introduction of OBT, the blockchain project aims to deepen community involvement.
Orbiter Finance’s OBT launch with an airdrop and loyalty-based rewards follows industry trends in other blockchain projects and trading platforms.
As reported by Coinspeaker, many platforms, like Jupiter, Binance, and Polkadot, have used similar strategies.
These platforms offer airdrops or rewards for active users and community participation. These tactics help incentivize engagement and support ecosystem growth.
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