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Cryptocurrency News Articles
Orbiter Finance Sponsors Donald Trump's Inauguration Speech, Launches Governance Token OBT
Jan 21, 2025 at 03:37 am
Orbiter Finance, a cross-chain protocol based on Ethereum, has announced its support for Donald Trump's inauguration speech through a notable sponsorship.
Cross-chain protocol Orbiter Finance has announced its support for Donald Trump’s inauguration speech through a notable sponsorship, paid for in cryptocurrency.
This initiative comes on the heels of the protocol’s Token Generation Event (TGE) and the release of its governance token, OBT. Orbiter has committed to further backing Trump’s initiatives with ongoing contributions throughout his presidency.
Just In: $OBT to sponsor President-elect Donald Trump’s inauguration. Txid:
Paid by Maker Address, cross-chain through Orbiter Omni-chain Interoperability protocol.
The donations to Trump's office will continue throughout Trump's presidency. pic.twitter.com/KnB99HHmQG
On January 20, 2025, the day of Trump’s presidential inauguration, Orbiter Finance donated 10 ETH—worth approximately $33,607—to a smart contract wallet associated with Trump’s World Liberty Financial token.
The donation was made possible by Orbiter’s OmniChain exchange protocol, which enables seamless cross-chain transactions. With plans to continue its contributions, Orbiter’s involvement highlights its interest in the evolving crypto landscape.
The donation by Orbiter is part of a broader show of support from the crypto sector for Trump’s inaugural fund. Prominent firms like Coinbase, Kraken, and Circle, the issuer of the USDC stablecoin, each donated $1 million. Robinhood, known for its growing presence in the crypto market, contributed $2 million.
Related: Ripple’s $5M XRP Donation Powers Trump-Vance Inauguration Goals
OBT Governance Token Launch and Airdrop Plans
Orbiter Finance marked the day of Trump’s inauguration with the launch of its governance token, OBT. The project has allocated 40% of the total OBT supply for community airdrops.
Of this allocation, 22% will be distributed to users who have engaged with Orbiter’s cross-chain services for at least 60 days. The remaining 3% will be airdropped monthly over six months to encourage long-term participation within the Orbiter ecosystem.
OBT Listing on KuCoin Spot Exchange
To further boost OBT’s adoption, Orbiter has partnered with KuCoin to list the token on its spot platform starting January 20, 2025.
Related: KuCoin to Support OBT Token with Trading Pairs and Bot Services Starting January 20
The OBT/USDT trading pair will go live the same day, with withdrawal services becoming available 24 hours later. The KuCoin listing is expected to provide greater liquidity and visibility for OBT in the global crypto market.
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