Orbitt (ORBT), the innovative Solana cryptocurrency ecosystem, is now launching its much anticipated staking program, providing a six digit rewards pool for stakers.
Launched for activation on December 3, 2024, ORBT would grant economic incentives for sharing rights, while reinforcing the governance structure of the protocol.
The staking program enables participants to receive value for themselves by staking ORBT tokens while enjoying Orbitt’s own buyback mechanism. The longterm growth of the network is ensured by this mechanism because rewards are always replenished.
Orbitt Allocates 5 Million ORBT Tokens for Buyback Mechanism
A total of over five million ORBT tokens have been allocated to Orbitt’s buyback wallet; the wallet uses fees that Orbitt’s MM Volume Booster services generate to purchase ORBT tokens from the market. Then the economic model that underpins the ecosystem can remain intact with a continuous flow of rewards that the stakers are receiving.
In addition to staking rewards, participants are guaranteed access to Orbitt PAD, a platform where vetted projects will receive full marketing and development support. ORBT will also invest up to $100,000 into the best projects, increasing their odds of getting off the ground. With four tiers based on how long you stake, the ORBT staking program is structured.
It’s exciting news for Pixel, this new program gives our project, our community and global growth opportunities, says Orbitt’s founder, Pixel.
“It is with great pleasure to bring ORBT staking to our community, and reward those who believe in our long term vision. It’s a very good program in what showed ORBT’s sincere commitment to sustainable growth and true value creation.”
According to Orbitt’s CMO, the program not only provides economic benefits, but it also rewards trust and the involvement in the community driven ecosystem. Staking your tokens for 30 days means you get paid 2x, for 90 days you get 3x and for 180 days you get the 4x reward, making it a good opportunity to stake longer if you have the tokens to stake.
The intention is that this staking initiative will also increase the utility of ORBT tokens, and consequently bring more users to Solana-based ecosystem thus increasing its market share in the highly competitive crypto space.
