OBTokenomics and Airdrop Eligibility Guide
About Orbiter
Orbiter Finance is a ZK-tech-based interoperability blockchain infrastructure that enhances blockchain interactions’ security, seamless interoperability, and reduces liquidity fragmentation through innovative solutions like a universal cross-chain protocol and Omni Account Abstraction, aiming to redefine the Web3 experience in the multichain era.
The protocol was launched 3 years ago by a decentralized set of top smart contract experts and engineers. Along the way, we have gained 4.3 million users, processed more than $28 billion, and completed over 35 million transactions across the network.
Now is the time to give back. Introducing $OBT, the native governance and staking token of Orbiter Finance as the first step towards decentralization.
Token Info
- $OBT — ERC-20 governance and utility token of the protocol
- On-chain Governance will be open in Feb, 2025.
Token Allocation
40% Community
Tokens are distributed to users through community incentives and airdrops, driving user growth, project promotion, and ecosystem activity.
Initial Airdrop: 22% will be distributed to the Orbiter Users.
3% airdrop to eligible users every month for 6 months.
20% Ecosystem & Growth
Tokens dedicated to ecosystem building and market expansion, fostering partnerships, and driving sustainable business development. 2.5% will be unlocked at TGE.
15% Orbiter foundation
$OBT will be used to achieve the All Chains One Hub Vision of the Orbiter Foundation.
3.5% will be unlocked at TGE, the rest will vest in monthly increments over 23 months.
15% Team & Contributors
Token allocation for the team and core contributors incentivizes long-term commitment to the project’s development, ensuring technological innovation and progress.
10% Investors
10% of the tokens are allocated to investors of series seed and A.
User airdrop eligibility details
Snapshot
First Snapshot for OPoints: 2025/1/16 12:00 AM (UTC)
Second Snapshot for NFT: 2025/1/19 16:00 PM (UTC)
To qualify as an airdrop receiver, users must have used the Orbiter protocol (bridge/ecosystem) at least 2 months since December 2021 and must have owned at least 40 OPoints.
The O-Points system was used to determine the number of tokens that airdrop recipients can claim. Points earning was primarily based on users’ cross-chain transactions on the Orbiter bridging protocol.
Notice: The maximum O-Point that a user has that can be concluded into airdrop criteria is 5,000.
Apart from the OPoints, OBT airdrop whitelists are also given to the following parties:
- Moderator of Discord
- Holders of Ace NFT and Expert NFT
- Users who won the reward by attending specific offline events hosted by Orbiter
User protections:
To prevent bots from taking advantage of the airdrop, several anti-Sybil rules were established:
- Previous Sybil Libraries from other projects like Arbitrum
- Wallet address related to the Sybil libraries
Airdrop Claim Schedule
- 6:00 UTC, Jan 20: Each user can claim 5,600 OBT max based on the first snapshot for OPoints. Ace NFT holders can claim 17,000 OBT per Ace NFT based on the second snapshot for NFT.
- 6:00 UTC, Jan 23: Expert NFT holders can claim 2,300 OBT per Expert NFT
- 6:00 UTC, Jan 25: All users can claim the remaining OBT token
Token Unlock Schedule
The circulating supply at TGE is 2,800,000,000 (28%).
Roadmap
Token Utility
$OBT is more than a bridge governance token, more information will be revealed on Feb, 2025.
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