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 January 20, coinciding with Donald Trump’s swearing-in.

Orbiter announcement that its native token, OBT, will go live on the same day as Trump’s inauguration, rewarding early supporters and encouraging 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 expected to launch on Ethereum (ETH), with additional issuance planned for ETH-based scaling networks such as Arbitrum (ARA) and Base shortly after.

The project allocated 40% of the total OBT supply to community airdrops. Details shared by the team via X indicate that 22% of eligible users will initially receive 22% of this allocation. The remaining 3% of the airdrop will be distributed monthly over six months.

To be eligible 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 OBT’s total supply has been reserved for the team Orbiter, project contributors and certain supporters. , including whitelisted Discord moderators and non-fungible token holders.

Orbiter Finance, founded in 2021, aims to facilitate token transfers between EVM-enabled blockchains. The protocol has supported 35 million transactions with a volume of $28 billion from over 4.3 million users.