10 ETH to Trump’s Token Wallet
The Ethereum-based cross-chain protocol, Orbiter Finance, has become a sensation in the crypto world right now for having sponsored an inaugural speech by Donald Trump. It reportedly received its maiden donation of 10 ETH to the smart contract wallet named World Liberty Financial, associated with Trump’s projects, worth $33,607. The same is the maiden political sponsorship for the platform, with it also indicating its intents toward pursuing more mainstream areas in its blockchain adoption.
Airdrop Governance Token OBT
To mark the inauguration, Orbiter Finance is launching its governance token, OBT. The protocol has allocated 40% of the total supply of tokens for community airdrops, to be given to eligible users. For a person to be eligible, they had to have been actively interacting with Orbiter’s cross-chain protocol for a period of at least 60 days, dating back to December 2021. It will distribute an initial 22% of the airdrop allocation at launch, followed by monthly installments over six months.
This initiative rewards loyal users and furthers decentralised governance in its ecosystem. As the Token Launch starts with the inauguration of Donald Trump, this could propel further movement within the blockchain communities.
Crypto Industry Rallies behind Pro Crypto Presidency
Orbiter isn’t alone: Crypto giants Ripple, Coinbase, Kraken, and Robinhood have given a cumulative contribution of $10 million to Trump’s inaugural fund. Such contributions are a mirror to the confidence within the industry with respect to Trump’s pro-crypto policies.
This sets the stage for a pivotal moment in the blockchain community, as Trump is likely to advocate for policies that will strengthen innovation and adoption in the crypto market. This new collaboration of blockchain protocols with political entities marks the beginning of a new era of integration between technology and governance.
Trump’s $TRUMP Token Gains Attention
Adding to the crypto momentum, Trump recently dropped his meme coin, $TRUMP, which hit a $10 billion market cap within 24 hours of its release. Influencers including former Coinbase CTO Balaji Srinivasan have floated airdropping $TRUMP tokens to all U.S. citizens, reasoning that this would align both parties behind the common cause of greater crypto-friendly policies.
With Trump about to assume office, the coming together of blockchain technology and political patronage marks a turning point for both sectors. Orbiter Finance’s efforts demonstrate how crypto is increasingly likely to shape future economies and governments.
