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ethereum-based cross-chain protocol Orbiter Finance announced that it will sponsor Donald Trump's inauguration speech, along with the airdrop of its new governance token.
According data From Etherscan, Orbiter Finance has already made its first donation of 10 eth (eth), worth approximately $33,607, to the smart contract wallet for Trump's token, World Liberty Financial. The donation was made through Orbiter's OmniChain interoperability protocol.
Donald Trump is scheduled to be sworn in as president on Monday, January 20 inside the Capitol rotunda around noon.
In a recent <a target="_blank" rel="nofollow" href="https://x.com/Orbiter_Finance/status/1881235209804218430″ target=”_blank”>mailprotocol also promised to continue sending donations during Donald Trump's presidency after he takes office.
Orbiter is not the only crypto company sponsoring Trump's inauguration. According to the <a target="_blank" href="https://www.politico.com/news/2025/01/17/crypto-money-trump-inauguration-00199088″ target=”_blank” rel=”nofollow”>politicalMajor crypto companies including Ripple, Coinbase, Kraken, and Robinhood have donated at least $10 million to Trump's inaugural fund to welcome the new pro-crypto president-elect to the Oval Office.
Prior to the donation announcement, Orbiter stated that it would launch its governance token, OBT, on the day of Trump's inauguration.
The protocol has allocated around 40% of the token's total supply for community airdrops. As crypto.news previously reported, 22% of eligible users will receive an initial 22% of that allocation. The remaining 3% of the airdrop will be distributed monthly over a six-month period.
To be eligible for airdrop, users must have actively interacted with the Orbiter cross-chain protocol for at least 60 days since December 2021.
Coincidentally, prior to his inauguration, Trump had launched his own meme coin $TRUMP (TRUMP) on January 18. The $TRUMP token has amassed a market capitalization of over $10 billion within 24 hours of its launch.
Former Coinbase CTO Balaji Srinivasan had urged the president-elect to distribute some $TRUMP tokens via airdrop to all US citizens via a mailing list. He believes a massive airdrop could influence Democrats to support Trump's presidency as well as his pro-cryptocurrency policies.
