Orbitt unveils a staking program with $2 million in rewards 
Cryptocurrency Dec 3, 2024 Share
Orbitt (ORBT), a Solana-based (SOL) crypto platform, has launched a staking program with nearly $2 million in rewards, as outlined in the most up-to-date reports shared with Finbold on Tuesday, December 3.
Launching on December 3, the staking initiative allows ORBT holders to generate passive income by relying on Orbitt’s buyback mechanism to not only enhance their holdings but also contribute to ecosystem growth.
Orbitt staking program
In addition to staking rewards, ORBT stakers will gain access to Orbitt PAD, a new launchpad for exclusive, rigorously tested projects.
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Orbitt promises up to $100 thousand in funding, marketing, and development assistance to support these projects.
Pixel, Orbitt’s founder, described the initiative as an example of Orbitt’s dedication to sustainable growth:
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.
— Pixel
Marketing Lead DataNinjaa shared Pixel’s sentiment:
This isn’t just about staking. It’s about rewarding trust and participation in a community-centric ecosystem.
— DataNinjaa
Orbitt’s buyback wallet
The staking initiative is fueled by Orbitt’s buyback wallet, which holds over 5 million ORBT tokens (~25% of the total supply).
A new buyback mechanism funded by fees from Orbitt’s MM Volume Booster services ensures these tokens are always replenished.
Participants have four staking tiers at their disposal, with staking for 30 days yielding 2x rewards, scaling to 4x if users commit to 180 days.
In addition, every Volume Boosting package purchase triggers an automatic ORBT token buyback, contributing to market demand and the token’s value.
New partnerships on Orbitt
This launch follows Orbitt’s recent expansion of its middle-man (MM) services to platforms like Pump.fun, Meteora, and Raydium.
As Orbitt continues to grow, the ORBT token is expected to play a central role in the ecosystem.
Most importantly, the token will be used to unlock new products, enable access to Orbitt PAD, and reward community members.