Layer-2 cross-chain bridge protocol Orbiter Finance has revealed the tokenomics of its native token OBT ahead of its Token Generation Event (TGE) on January 20, 2025. The token will be launched on the Ethereum, Arbitrum, and Base networks with a total supply of 10 billion tokens and an initial circulating supply of 2.8 billion tokens (28%).
Orbiter has determined the token allocation structure as follows:
Community Allocation (40%):
- 22% will be distributed to users as the first airdrop.
- An additional 3% will be airdropped monthly to eligible users for six months.
Ecosystem and Growth Allocation (20%):
- 2.5% will open in TGE.
Orbiter Foundation Allocation (15%):
- 3.5% will be unlocked in TGE. The remaining tokens will be paid out monthly through vesting process for 23 months.
Team and Contributor Allocation (15%): Reserved for developers and key contributors.
Investor Allocation (10%): Reserved for early investors.
Additionally, on-chain governance for Orbiter Finance is planned to launch in February 2025, allowing token holders to participate in key protocol decisions.
Orbiter Finance has confirmed a significant initial airdrop of 22% of OBT’s total supply, with detailed criteria for eligibility.
Snapshots for convenience:
- First Snapshot for OPoints: January 16, 2025.
- Second Snapshot for NFT holders: January 19, 2025.
Eligibility Criteria:
- Users must have interacted with the Orbiter protocol (bridge/ecosystem) for at least two months since December 2021.
- Users must have at least 40 OPoints earned through cross-chain transactions on Orbiter.
*This is not investment advice.
