Orbiter Finance to airdrop OBT tokens on Trump’s inauguration

Cross-chain bridge protocol Orbiter Finance plans to broadcast its governance token, OBT, to customers on January 20, coinciding with Donald Trump’s swearing-in.

Orbiter announced that its personal token, OBT, will go reside on the identical day as Trump’s inauguration, rewarding early supporters and inspiring cross-chain token transactions.

Like many ERC-20 tokens, OBT will debut with staking and governance capabilities. The overall provide of 10 billion tokens is predicted to launch on Ethereum (ETH), with extra issuance deliberate for ETH-based scaling networks corresponding to Arbitrum (ARB) and Base shortly afterwards.

The venture has allotted 40% of OBT’s whole provide to group airdrops. Particulars shared by the group through X point out that 22% of eligible customers will initially obtain 22% of that allocation. The remaining 3% of the airdrop is distributed month-to-month over six months.

To qualify for the airdrop, customers will need to have been actively interacting with Orbiter’s cross-chain protocol for at the very least 60 days since December 2021. Moreover, 15% of the full OBT providing is reserved for the Orbiter group, venture contributors and chosen supporters. , together with whitelisted Discord moderators and non-fungible token holders.

Based in 2021, Orbiter Finance goals to facilitate token transfers between EVM-compatible blockchains. The protocol has supported 35 million transactions with $28 billion in quantity from over 4.3 million customers.