Orbitt Launches Staking Program with Buyback Mechanism and Almost $2M in ORBT Rewards
The Solana network hub Orbitt has launched its staking program, offering participants rewards of about $2 million. Through the program, ORBT stakers may profit from Orbitts innovative buyback mechanism and generate passive revenue.
The Orbitt staking program, which is scheduled to launch on December 3, offers community members who stake their ORBT tokens substantial incentives. The program aims to increase ORBTs usefulness while promoting steady development and value generation for stakers.
Access to Orbitt PAD, where potential new initiatives that have undergone extensive vetting will get Orbitts full marketing and development assistance, is one of the many advantages available to ORBT stakers. To increase their chances of a successful launch, Orbitt will also contribute up to $100,000 in the best initiatives.
Orbitt Founder Pixel said:
Were thrilled to bring ORBT staking to our community and reward those who believe in our long-term vision. This program exemplifies Orbitts dedication to sustainable growth and genuine value creation.
Orbitt Marketing Lead DataNinjaa added:
This isnt just about staking. Its about rewarding trust and participation in a community-centric ecosystem.
To support the new staking program, Orbitt has assigned over 5 million ORBT tokens, or 25% of the entire supply, to its buyback wallet. Orbitts creative buyback mechanism ensures that these tokens are constantly refilled, so they arent simply languishing in wallets. The buyback mechanism ensures a consistent flow of profits for stakers by acquiring ORBT tokens from the market using fees produced by Orbitt MM Volume Booster services.
Four levels make up the ORBT staking program, which uses a time-based approach to reward participants. Holders who stake their token will get a 2x reward after 30 days, a 3x reward after 90 days, and a 4x reward after 180 days.
A complex revenue share model has been used to maximize the incentives distributed via the ORBT staking program. In order to sustain demand for the token on the open market, an automated buyback of ORBT is initiated each time a project acquires a Volume Boosting package from Orbitt MM.
After expanding its MM service to support Pump.fun, Meteora and Raydium, Orbitt launched its staking program. Pump.funs trading volume and visibility may now be increased using Orbitt MM, increasing the prospects of project success.
The ORBT token will be used to reward community members via an incentive staking program, provide access to Orbitt PAD, and improve new products as the Orbitt ecosystem expands. The Orbitt staking program is the first of many initiatives aimed at increasing community involvement and broadening ORBTs use cases.
Orbitt is a full-fledged ecosystem on the Solana blockchain that offers cutting-edge services and tools for developers, investors, and cryptocurrency projects. Orbitt MM, a leading volume-boosting tool; Orbitt PRO, an AI-powered Chrome Extension with sophisticated chart analysis features; and Orbitt PAD, a launchpad devoted to assisting top-notch, verified projects with solid business models and monetization strategies, are all part of the ecosystem. The $ORBT token, which is the foundation of Orbitt, powers the ecosystem via calculated buybacks, staking incentives, and a dedication to supporting long-term development and innovation in the cryptocurrency industry.
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
