Orbiter Finance, a cross-chain bridge protocol, plans to airdrop its governance token, OBT, to users on January 20th to coincide with Donald Trump’s inauguration.
Orbiter announced that its native token, OBT, will be launched on the day of Trump’s inauguration to reward early supporters and encourage cross-chain token trading.
Like many ERC-20 tokens, OBT will debut with staking and governance features. A total supply of 10 billion tokens will be launched on Ethereum (ETH), with additional issuance planned on ETH-based scaling networks such as Arbitrum (ARB) and Base.
The project has allocated 40% of the total supply of OBT to community airdrops. According to details shared by the team via X, 22% of eligible users will receive an initial 22% of that allocation. The remaining 3% of the airdrop will be distributed monthly over 6 months.
To be eligible for the airdrop, users must have actively interacted with Orbiter’s cross-chain protocol for at least 60 days starting in December 2021. Additionally, 15% of the total OBT supply has been set aside for the Orbiter team, project contributors, and selected supporters. , which includes whitelisted Discord moderators and non-fungible token holders.
Founded in 2021, Orbiter Finance aims to facilitate token transfers between EVM-compatible blockchains. The protocol supported 35 million transactions worth $28 billion from over 4.3 million users.