Orbiter Finance: OBT tokens will undergo TGE on January 20, 22% will be used for the initial airdrop

PANews reported on January 17 that Layer 2 cross-chain protocol Orbiter Finance announced on the X platform that it will launch OBT tokens, and TGE will be held on January 20, 2025. OBT is the protocol's ERC-20 governance and utility token and will be launched on Ethereum, Arbitrum and Base with a total supply of 10 billion and a circulating supply of 2.8 billion (28%) at TGE.

Regarding token distribution, the community allocation accounts for 40%, of which 22% will be distributed to Orbiter users as an initial airdrop, and 3% will be airdropped to eligible users every month for 6 months. The ecosystem and growth allocation accounts for 20%, of which 2.5% will be unlocked in TGE. The Orbiter Foundation allocation accounts for 15%, of which 3.5% will be unlocked at TGE, and the remainder will vest in monthly increments within 23 months. The allocation proportion to the team and contributors is 15%, and the allocation proportion to investors is 10%.