Orbiter Finance announces the launch of OBT token and airdrop claim

Orbiter Finance is a decentralized cross-rollup bridge designed to facilitate the transfer of Ethereum native assets across various blockchain networks.

Utilizing zero-knowledge proof technology, specifically ZK-rollups, it offers a secure, low-cost, and efficient method for moving assets between different layer 2 (L2) solutions such as StarkNet, zkSync, Arbitrum, and Polygon.

Orbiter Finance supports a wide range of networks including Ethereum, StarkNet, zkSync, Arbitrum, Polygon, and BNB Chain.

On Jan 17, 2025, Orbiter Finance, a blockchain interoperability platform, has revealed its native governance and staking token, OBT, along with plans for an initial airdrop scheduled for January 20, 2025, coinciding with the U.S. Presidential Inauguration.

Check your eligibility and claim on: https://orbiter.finance/en/airdrop

Key Highlights:

Token Overview

• Name: OBT
• Type: ERC-20 Token
• Total Supply: 10 billion
• Launch Platforms: Ethereum, Arbitrum, and Base
• Circulating Supply at Launch: 2.8 billion (28% of total)

Token Distribution

• Community: 40%
• Initial Airdrop: 22% of community allocation
• Monthly Distributions: 3% for six months
• Ecosystem & Growth Initiatives: 20%
• Unlocked at TGE: 2.5%
• Orbiter Foundation: 15%
• Unlocked at TGE: 3.5%
• Vesting Period: 23 months
• Team & Contributors: 15%
• Investors (Seed and Series A): 10%

Airdrop Details

Eligible users can claim up to 5,600 OBT on Jan. 20 if they meet the following criteria:

• Used Orbiter protocol for at least 2 months since December 2021.
• Earned a minimum of 40 OPoints (a metric based on cross-chain transactions).

Other eligible groups include:

• Discord Moderators.
• Ace and Expert NFT Holders.
• Participants in Orbiter-hosted offline events.

Additional claim schedules:

• Jan. 23: Expert NFT holders can claim 2,300 OBT per NFT.
• Jan. 25: Remaining tokens available for all eligible users.

Roadmap and Utility

• On-Chain Governance: Launching in February 2025.
• Staking Mechanism: Expected by Q2 2024.
• Future Applications: Orbiter Finance envisions OBT as a core component of its omni-chain ecosystem, promoting Web3 mass adoption.

Orbiter Finance founded three years ago. It is a decentralized blockchain infrastructure project focused on ZK-tech-based interoperability.

With over 4.3 million users, $28 billion processed, and 35 million transactions, Orbiter is committed to reducing liquidity fragmentation and enhancing cross-chain interactions.

This token launch and airdrop mark the first step toward decentralized governance and Orbiter’s mission to redefine the multichain Web3 experience.