Orbiter Finance, a well-known Layer-2 (second layer) scaling platform, and Anime, a project linked to Azuki, have announced their respective Token Generation Event (TGE) dates, both scheduled for the same week.
Interestingly, the dates line up with President-elect Donald Trump’s inauguration, providing forward-thinking traders and investors plenty of time to adjust their strategies in anticipation of potential market fluctuations.
Orbiter Finance Reveals TGE Date
On Twitter, Orbiter Finance announced the date for its OBT token’s Token Generation Event (TGE), which will take place on Monday, January 20th. This event is planned to recognize early adopters and contributors within the Orbiter Finance community. As we get closer to the event, more details about who is eligible and how the distribution process works will be shared.
“Orbiter Finance’s token TGE on Jan 20, 2025,” the announcement read.
The announcement outlined the network’s growth story that began three years back. It disclosed attracting as many as 4.3 million users, handling more than $28 billion in financial exchanges, and executing over 35 million transactions. What’s worth mentioning is that a team of brilliant contract developers and engineers, working in a decentralized manner, were behind the development of this project.
Orbiter expressed his appreciation by stating that this airdrop is a token of gratitude towards our exceptional community, who have been instrumental in guiding and growing with us since the project’s inception.
The OBT token serves as both a governance and utility tool, helping to realize the protocol’s ambition for an interconnected blockchain ecosystem (or “omni-chain”) and widespread adoption of Web3 technologies. This token will initially be distributed across Ethereum, Arbitrum, and Base networks, with a maximum supply of 10 billion units.
Five months after boasting $50 million in yearly earnings, Orbiter Finance’s announcement arrives, showcasing the increasing popularity of L2 solutions. Yet, this path hasn’t been devoid of hurdles. In fact, two years prior, Orbiter Finance encountered a cybersecurity issue when hackers tried to exploit its Discord server through a fraudulent airdrop trick.
Anime TGE and Community Response
As a researcher, I’m excited to note that the Open Budget Token (OBT) Token Generation Event (TGE) has been added to my anticipated list of upcoming events next week. The Anime token, which fuels the open Anime universe, has scheduled its TGE for January 23, 2025, making it only three days after the OBT’s initial debut.
“ANIME is launching on January 23,” the network said.
The special distribution system of Anime’s TGE is catching attention from both airdrop seekers and NFT aficionados. The distinctive way it assigns tokens using Collector Score (CS) points instead of just owning NFTs has piqued curiosity. Airdrop hunter Murkiwaters has even discussed the possible worth of ANIME allocations.
In simpler terms, Murkiwaters explained that when the fully diluted valuation of the company is $2 billion, one Community Share (CS) point is equivalent to approximately $30. With a total of 25 million CS points in circulation, this means that Azuki has 1,000 base CS points, Elementals have 100, Beanz have 67, and Bobu has 4.
As a crypto investor, I’ve noticed some impressive values in the NFT market, with individual pieces like Azuki fetching $30,000, Elementals at $3,000, Beanz at $2,010, and Bobu at $120. However, it seems not everyone is swayed by the market response, as fellow NFT investor LilStovetop pointed out the absence of a significant price surge for Anime-related NFTs following the announcement.
As an analyst, I find myself reflecting upon the upcoming launch of ANIME TGE on January 23rd, just six days away. Interestingly, unlike the significant surge in floor prices we observed with the Penguin collection, there seems to be a more modest response from investors in the cases of Azuki, Elementals, and Beanz. I’m curious as to why this difference exists.
Stakers on Hyperliquid’s HYPE platform can expect to receive tokens from Anime as well, an incentive designed to boost user engagement within the community.
Upcoming Token Generation Events (TGEs) for OBT and ANIME underscore the escalating pace of blockchain innovation. Orbiter Finance’s debut of OBT demonstrates their dedication to constructing a flexible and distributed infrastructure. On the other hand, Anime focuses on its community-led approach, symbolizing the rising intersection of NFTs and tokenized economies.
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2025-01-17 17:30