TGE

Orbiter Finance token (OBT) TGE will be held on January 20

ChainCatcher news, Layer2 cross-chain protocol Orbiter Finance announced on platform X that it will launch the OBT token, with the TGE scheduled for January 20, 2025. OBT is the ERC-20 governance and utility token of the protocol, which will be launched on Ethereum, Arbitrum, and Base, with a total supply of 10 billion tokens, and a circulating supply of 2.8 billion tokens (28%) at TGE.Regarding token distribution, the community allocation accounts for 40%, of which 22% will be distributed as an initial airdrop to Orbiter users, with 3% airdropped monthly to eligible users for a period of 6 months. The ecosystem and growth allocation accounts for 20%, with 2.5% unlocking at TGE. The Orbiter Foundation allocation accounts for 15%, with 3.5% unlocking at TGE, and the remaining portion vesting monthly over 23 months. The team and contributors allocation accounts for 15%, and the investor allocation accounts for 10%. Additionally, on-chain governance will open in February 2025.Orbiter Finance is a decentralized cross-rollup bridge for transferring Ethereum's native assets. In Orbiter Finance, there are two roles: Sender and Maker. When the Sender initiates a transfer, the Maker provides liquidity for it. Smart contracts ensure the security of this process. If the Maker behaves maliciously and causes the transfer to fail, the Sender can initiate an arbitration request against the contract using the Maker's collateral, and then receive excess compensation.
2025-01-17

RootData: The popular TGE in H1 2025 focuses on BTC, AI, and high-performance chains, with the OTC market led by Solana driving the high-performance narrative of the Move system

ChainCatcher news, RootData released the "2024 Web3 Industry Investment Research Report." The report shows that popular TGE projects in the first half of 2025 are mainly focused on BTC, artificial intelligence, and high-performance chains.2025 H1 Popular TGE Financing Overview (* indicates projects that have conducted TGE):Projects with total financing exceeding $100 million include Monad, Farcaster, *EigenLayer, *Magic Eden, Berachain;Projects with total financing between $50 million and $100 million include Babylon, *Scroll, Morpho, Eclipse;Projects with total financing between $10 million and $50 million include Sahara, Nillion, *Movement, *Puffer, Initia, Walletconnect, *Usual, Lombard, Solayer, *Bio, Sophon;Projects with total financing less than $10 million include Roam, Symbiotic, *deBridge, *Grass.In addition, the OTC market quotation amount has generally increased, with a total trading volume of 262 transactions, a month-on-month decrease of 3%; the total order quotation amount reached $1.2 billion, a month-on-month increase of 29%, with an average transaction amount of $5.2 million, a month-on-month increase of 34%. Buyers account for 41.98%, while sellers account for 58.02%. In the first half of 2025, the OTC market is led by Solana, driving the high-performance narrative of the Move ecosystem.
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