Orbitt, a Solana-based blockchain ecosystem, has officially launched its staking program, offering nearly $2 million in ORBT token rewards. The initiative, which goes live on December 3, 2024, aims to incentivize community participation and foster long-term value for ORBT holders through a structured rewards system and innovative token buyback mechanism.
Notedly, the staking program is central to Orbitt’s strategy for sustainable ecosystem growth. Accordingly, it offers ORBT holders the opportunity to earn passive income while accessing additional benefits, such as early access to vetted projects through Orbitt PAD, a launchpad for promising crypto ventures. Orbitt has committed up to $100,000 in investment for the most promising projects, alongside marketing and development support.
Key Features of the Orbitt Staking Program
- Reward Tiers: Participants earn rewards based on their staking duration. Rewards double for 30-day staking, triple for 90 days, and quadruple for 180 days.
- Buyback Mechanism: Orbitt uses revenue from its Market Maker (MM) Volume Booster service to purchase ORBT tokens, ensuring a continuous supply of staking rewards and supporting token value.
- Token Allocation: Over 5 million ORBT tokens, or 25% of the total supply, are allocated to the buyback wallet, ensuring the program’s sustainability.
“This staking program exemplifies Orbitt’s commitment to sustainable growth and value creation,” said Pixel, founder of Orbitt. “We’re thrilled to reward our community members who believe in our long-term vision.”
Marketing Lead DataNinjaa emphasized the community-centric nature of the initiative: “This isn’t just about staking. It’s about rewarding trust and participation in a vibrant ecosystem.”
Supporting ORBT’s Ecosystem
The ORBT staking program follows Orbitt’s recent expansion of its MM services to support projects such as Pump.Fun, Meteora, and Raydium. The MM service boosts trading volume and visibility for token launches, enhancing project success rates.
Orbitt is also developing Orbitt PAD, which will provide project incubation and support. ORBT token holders gain access to these features, creating additional utility for the token.
Practical Information for Participants
- Staking Tiers: Four tiers based on staking duration offer increasing reward multipliers.
- Guides: Comprehensive resources for participants, including step-by-step staking guides, will be available on Orbitt’s official platforms.
- Community Updates: Orbitt maintains active communication with its users via Telegram and its website.
For more information, visit Orbitt’s website or join their Telegram community at @orbitt_pro.
