Orbiter Finance to airdrop OBT tokens on Trump’s inauguration

Cross-chain bridge protocol Orbiter Finance plans to airdrop its governance token, OBT, to users on Jan. 20, coinciding with Donald Trump’s swearing-in. Orbiter announced that its native token, OBT, will go live on the same day as Trump’s inauguration, rewarding early supporters and incentivizing cross-chain token transactions. Like many ERC-20 tokens, OBT will debut with staking and governance capabilities. Its total supply of 10 billion tokens is set to launch on Ethereum ( ETH ), with additional issuances planned for ETH-based scaling networks such as Arbitrum ( ARB ) and Base shortly thereafter. You might also like: DCG to pay $38m in SEC settlement for misleading investors The project has allocated 40% of OBT’s total supply for community airdrops. Details shared by the team via X indicate that 22% of eligible users will receive an initial 22% of that allocation. The remaining 3% of the airdrop will be distributed monthly over six months. 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 has been set aside for the Orbiter team, project contributors, and select supporters, including whitelisted Discord moderators and non-fungible token holders. Orbiter Finance, founded in 2021, aims to facilitate token transfers between EVM-compatible blockchains. The protocol has supported 35 million transactions with $28 billion in volume from over 4.3 million users. Introducing $OBT – Orbiter Finance's token. TGE on Jan 20, 2025. Learn more below. pic.twitter.com/biVIQxnkjz — Orbiter Finance 🛸 (@Orbiter_Finance) January 17, 2025 Read more: Global M&A to exceed $4 trillion in 2025, setting the stage for crypto’s consolidation wave