Cross-chain bridge protocol Orbiter Finance plans to drop its governance token, OBT, to users on January 20, coinciding with Donald Trump's swearing-in.

Spacecraft Announce Its native token, OBT, will go live on the same day as Trump's inauguration, rewarding early supporters and incentivizing cross-chain token transactions.

Like many ERC-20 tokens, OBT will debut staking and governance capabilities. Its total supply of 10 billion tokens is set to be released on Ethereum (Ethereum), with additional releases planned for ETH-based scaling networks such as Arbitrum (ARB) and base shortly thereafter.

The project allocated 40% of the total OBT supply for community airdrops. Details shared by the team via X indicate that 22% of eligible users will receive an initial 22% of this allocation. The remaining 3% of the airdrop will be distributed monthly over a period of six months.

To qualify for the airdrop, users must have actively interacted with the Orbiter cross-chain protocol for at least 60 days since December 2021. Additionally, 15% of the total OBT supply has been allocated to the Orbiter team, project contributors, and select backers. , including whitelisted Discord moderators and non-fungible token holders.

Founded in 2021, Orbiter Finance aims to facilitate token transfers between EVM-compatible blockchains. The protocol has supported 35 million transactions worth $28 billion from more than 4.3 million users.