Orbitt Staking Goes Live With Almost $2M in ORBT Rewards
Dubai, UAE, December 3rd, 2024, Chainwire
Solana network hub Orbitt has launched its staking program with almost $2M in rewards available to participants. The program enables ORBT stakers to earn passive income while benefiting from Orbitt’s novel buyback mechanism.
Set to go live on December 3, the Orbitt staking program provides strong incentives to community members who stake their ORBT tokens. The initiative supports consistent growth and value creation for stakers while driving greater utility for ORBT.
ORBT stakers will be eligible for several benefits, including access to Orbitt PAD where promising new projects that have been thoroughly vetted will receive Orbitt’s full marketing and development support. The best projects will also receive investment from Orbitt of up to $100K, maximizing their prospects of a successful launch.
Orbitt Founder Pixel said: “We’re thrilled to bring ORBT staking to our community and reward those who believe in our long-term vision. This program exemplifies Orbitt’s dedication to sustainable growth and genuine value creation.”
Orbitt Marketing Lead DataNinjaa added: “This isn’t just about staking. It’s about rewarding trust and participation in a community-centric ecosystem.”
More than 5 million ORBT tokens, representing 25% of the total supply, have been allocated to Orbitt’s buyback wallet to power the new staking program. These tokens are not just sitting in the wallet—they are continually replenished through Orbitt’s innovative buyback mechanism. Using fees generated by Orbitt MM Volume Booster services, the buyback mechanism purchases ORBT tokens from the market, ensuring a steady stream of rewards for stakers.
The ORBT staking program has four tiers to reward participants using a time-based system. Holders who stake their tokens for 30 days will earn a 2x reward, rising to 3x for 90 days, and 4x for 180 days.
The rewards disbursed through the ORBT staking program have been optimized using a sophisticated revenue share model. Every time a project purchases a Volume Boosting package through Orbitt MM, an automatic buyback of ORBT is triggered, continuously supporting demand for the token on the open market.
Orbitt’s staking program follows the expansion of its MM service to support Pump.fun, Meteora and Raydium. Orbitt MM can now be used to boost the trading volume and visibility of Pump.Fun token launches increase the prospects of project success.
As the Orbitt ecosystem continues to grow, the ORBT token will increasingly enhance new products, provide access to Orbitt PAD, and reward community members through an incentivized staking program. The Orbitt staking program marks the first of several measures designed to expand use cases for ORBT while maximizing community engagement.
About Orbitt
Orbitt is a comprehensive ecosystem within the Solana blockchain designed to provide innovative tools and services for crypto projects, investors, and developers. The ecosystem includes Orbitt MM, a leading volume-boosting tool; Orbitt PRO, an AI-driven Chrome Extension offering advanced chart analysis capabilities; and soon coming, Orbitt PAD, a launchpad focused on supporting high-quality, vetted projects with strong business model and monetization plans. At the heart of Orbitt is the $ORBT token, which drives the ecosystem through strategic buybacks, staking rewards, and a commitment to fostering sustainable growth and innovation in the crypto space.
https://t.me/orbitt_pro