Orbiter Finance, a cross-chain protocol based on Ethereum, has announced its support for Donald Trump’s inauguration speech through a notable sponsorship.
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: https://t.co/XcE07M0J9V
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
— Orbiter Finance 🛸 (@Orbiter_Finance) January 20, 2025
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 leveraged Orbiter’s OmniChain exchange protocol, which facilitates seamless cross-chain transactions. With plans to continue its contributions, Orbiter’s involvement underscores 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 go to users who have engaged with Orbiter’s cross-chain services for at least 60 days. The remaining 3% will be distributed 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.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
