Orbiter Unveils OBT Tokenomics, with 22% Allocated to Initial Airdrop

BlockBeats News, January 17, Cross-chain protocol Orbiter Finance announced the OBT tokenomics, which will be launched on Ethereum, Arbitrum, and Base, with a total supply of 10 billion tokens, and a circulating supply of 2.8 billion tokens (28%) at TGE.

Regarding token distribution, the community allocation accounts for 40%, with 22% being initially airdropped to Orbiter users, a monthly 3% airdrop to eligible users for 6 months. Ecosystem and growth allocation account for 20%, with 2.5% unlocking at TGE. The Orbiter Foundation allocation is 15%, with 3.5% unlocking at TGE, and the rest vesting monthly over 23 months. Team and contributors allocation is 15%, and investors allocation is 10%. Additionally, on-chain governance will be opened in February 2025.

BlockBeats previously reported that Layer2 cross-chain bridge Orbiter Finance's token (OBT) announced its TGE will take place on January 20.