Orbiter Finance to Airdrop OBT Tokens on Trump’s Inauguration Day

Orbiter Finance, a cross-chain bridge protocol, has announced plans to airdrop its governance token, OBT, on January 20, coinciding with the inauguration of Donald Trump as President of the United States. This move aims to reward early supporters and incentivize cross-chain token transactions as the project gears up to launch its token.

The OBT token will go live on January 20, offering a variety of features, including staking and governance capabilities, similar to other ERC-20 tokens. The total supply of OBT is set at 10 billion tokens, with the token initially launching on Ethereum. Orbiter Finance also plans to issue OBT on ETH-based scaling networks like Arbitrum and Base shortly after its launch.

To distribute the tokens, Orbiter Finance has allocated 40% of the total OBT supply for community airdrops. As per the details shared by the team on X, 22% of the total allocation will be given to eligible users, with the first round of distribution happening on launch day. The remaining 3% will be distributed in monthly installments over a six-month period.

To qualify for the airdrop, users must have actively interacted with Orbiter’s cross-chain protocol for at least 60 days since December 2021. Additionally, 15% of the total OBT supply is reserved for the Orbiter team, project contributors, whitelisted Discord moderators, NFT holders, and other select supporters.

Since its inception in 2021, Orbiter Finance has facilitated over 35 million transactions and processed a total volume of $28 billion, serving more than 4.3 million users. The protocol’s main goal is to simplify and enhance token transfers between EVM-compatible blockchains, improving cross-chain interactions in the decentralized finance (DeFi) ecosystem.

This airdrop announcement is seen as a strategic move to further engage with its community and build momentum ahead of its token’s official launch. Given the coinciding timing with Trump’s inauguration, the event is expected to attract additional attention to the project, potentially contributing to a surge in interest and activity within Orbiter Finance’s ecosystem.