Orbiter Finance: Token Details, Swap Guide, Airdrop Information & Testnet Tutorial

What is Orbiter Finance?

Orbiter Finance has become one of the major participants of the decentralised finance (DeFi) community, with frictionless cross-chain bridge solutions that provide connectivity between a variety of blockchain networks. In contrast to conventional centralized exchanges, Orbiter Finance is a non-custodial protocol that empowers users by enabling the easy transfer and marking of digital assets across various blockchain ecosystems.

Thanks to the innovative approach, the platform will help solve one of the most significant challenges in DeFi interoperability across different blockchain networks. By providing a tool that ensures a frictionless movement of assets across chains, Orbiter Finance has already become a must-have part of the building blocks in the soon-to-be-devastated multi-chain environment.

Orbiter Finance Tokens Information

Orbiter Finance has its token, which plays numerous essential roles in the ecosystem. Although the project has a tokenless approach to its central bridging behavior (which is, you do not require the native token to interact with the bridge), the mechanics of the token are essential to those interested in the future of the platform, as well as the token governance.

Token Specifications

Token Name: ORB (estimated, currently, Orbiter Finance works without a native token)
Blockchain: Ethereum, and other EVM chains
Token Type: Governance token of the potential future
Total Supply: TBD
Contract Address: The contract address is not listed publicly at present

It is also noteworthy that Orbiter Finance has achieved significant momentum without introducing its dedicated token, underscoring the actual utility of its bridging service. The team has already stated that any subsequent token would be enacted only when it would be able to bring obvious value to the ecosystem, but not as a revenue-making tool.

The Guide to Swapping in Orbiter Finance

By centralizing on the swapping functionality, Orbiter Finance will provide the main functionality of its offering. So, here is a detailed instruction to make use of this option:

Make Your First Swap

Connection Your Wallet: Go to the Orbiter Finance website and connect your wallet (MetaMask, Trust Wallet, or other compatible Wallets)
Choose Source and Destination Chains: Choose the blockchain you need to send to and the one you need to send from (the options there are Ethereum, BNB Chain, Arbitrum, zkSync, and others)
Enter Amount: Fill in the amount of your money that you want to send
Review Fees: Orbiter Finance will show all the charges before confirmation
Confirm Transaction: Sign

High End Swap Features

Multi-Chain Support: Includes support for Ethereum, BNB Chain, Arbitrum, zkSync, StarkNet, and many others
Gas Optimisation: Automatically chooses the cheapest route, Najam Sangsari
Speed of Transfer: 90 percent of the transfer is accomplished in 5-10 minutes
Minimum Transfer Amounts: Variable depending on which chain you are transferring into (usually between £ 50-100 or equivalent)

The user-friendly Orbiter Finance interface includes features that allow one to choose a source chain and a destination chain to transfer the assets easily.

Orbiter Finance Airdrop Details

Crypto followers are also riding on the increased number of users who have been interested in the airdrops of Orbiter Finance. Although the team has not officially revealed any plans regarding dropping programs, there are several ways users may qualify for future distributions.

Possible Ways of Qualifying for an Airdrop

Testnet: Participating in the testnet of Orbiter Finance
Early Adoption: The capability to cover large quantities of users as one of the first to use the product or service is higher.
Community Participation: Using the official Discord community and social media
Referral Program: Certain users say a fruitful referral can create potential eligibility

Consideration in Airdrop

No official Announcement: Orbiter Finance has not, at the time of writing, confirmed any tokens or airdrops
Scam Warning: Many airdrop sites are separate from Orbiter Finance and are meant to scam people; always check URLs
Transaction History: Frequent use of the bridge service can augment the prospective eligibility
Security First: Do not give your private keys or seed phrases in the name of AirDrop verification

Guide to Orbiter Finance Testnet

It is a great chance to better acquaint yourself with the work of the platform without the involvement of real money, which is possible in Orbiter Finance testnet. This is how it should be done:

Having access to the Testnet

Hit the Testnet Portal: Go to testnet. Orbiter.finance
Connect Your Wallet: Enter Your Chosen Web3 Wallet
Get Testnet Tokens: You can use the faucet option to get test tokens
Test Transactions: Migrate tokens from the Testnet chain to the main chain

What is the Purpose of the Testnet?

Risk-Free Environment: Play it safe, and not with actual cryptocurrency
Familiarisation: Get to know the interface before using the mainnet
Bug Reporting: Contribute to the improvement of the platform by reporting the errors
Potential Rewards: Future rewards have been given to active participants of the testnet, allowing them priority access

The Orbiter Finance testnet has a test environment where users can test to make cross-chain transactions with test tokens

Security Relevant to Utilizing Orbiter Finance

Its security must be the number one concern when using any DeFi platform:

Never Trust URLs: Phony websites of Orbiter Finance have comparative namesakes
Transaction Review: Pay great attention to all the factors of the transaction before signing
Small Test Transactions: Low amounts to use when using a new chain pair
Security of Wallet: Smaller transfers should be done on a hardware wallet
Phish Awareness: Orbiter Finance will never DM you regarding airdrops

The platform has many security procedures that include:

The management of funds on multi-signature wallets
Recurring smart contract audits
Transactions monitoring system
Social bug bounties

Orbiter Finance Action Plans and Vision

Orbiter Finance is still growing in possibilities, and some great things are yet to happen:

Additional Chain Integrations: Support for other chain integrations (EVM and Non-EVM)
Liquidity Pools: This would increase the efficiency of the swaps between the less popular chain pairs
Mobile Application: The Official app under development is said to be in the works
Governance structure: There may be the establishment of community-determination
Advanced Analytics: The tracking tools of the patterns of cross-chain movement

It is the dedication to solving real issues of the cross-chain environment that has made the team gain an excellent reputation in the DeFi community, not the temporary pumping of the token.

Closer: Why Orbiter Finance is Unique in DeFi

The small team behind Orbiter Finance was able to escape the hustle and bustle of the DeFi bridge market by concentrating on an actual use case instead of a token.