ORBIT (SOL: $GRIFT) is the utility token of the Orbit DeFi AI platform. The platform is envisioned as the abstraction layer for Web3, allowing AI agents to interact with each other across various blockchains and protocols. In essence, Orbit aims to be at the heart of cross-chain functionality for the budding AI agent ecosystem.
Why ORBIT (GRIFT) Matters
The ORBIT (GRIFT) platform is envisioned as the future of cross-chain functionality using DeFi. It will save time users would have spent juggling across multiple token standards and networks. Instead, Orbit will act as the finance assistance, allowing AI agents to hire other AI agents seamlessly via the platforms.
With the help of Orbit (GRIFT), the future of AI innovation is secure, encompassing everything from whimsical use cases to robust workhorses. It could foster a world of seamless collaboration, payments, and growth. According to the Orbit documentation, the platform currently supports over 100 blockchains and protocols.
ORBIT (GRIFT) Tokenomics
The Orbit (GRIFT) tokens are the utility token of the platform. They will be used to access the platform, including access to exclusive features, upgrades, and community events.
Additionally, the developer team has implemented a buyback program, where they will purchase tokens from the open market, and redistribute them to existing holders.
Of the total supply, 12% of the tokens will go to various developer-led use cases. These include 2% for the liquidity pool, 5% for the Treasury, 2% for Community incentives, and 3% for the team and investors.
The team tokens are fully locked for 12 months, which signals a long-term commitment to the success of Orbit. All the remaining 88% of the tokens have been released into circulation for anyone to purchase. There are currently 879,994,893 tokens in circulation out of a maximum supply of 999,999,126 tokens.
The Buyback Program
The buyback will be done using revenue collection from the transaction fees. Once collected, 30%-50% of the revenue is allocated to open market buyback. The result of the revenue covers operational costs, business expansion, and product development. Some of the tokens will also be redistributed to long-term stakers, holders, and liquidity providers, acting as an incentive for community participation.
ORBIT AI Agent Capabilities
Currently, the ORBIT AI agent offers the following capabilities:
Swaps And Bridges
Users can efficiently swap tokens and bridge digital assets across over 100 chains.
Staking And Yield
Orbit can be used to maximize staking rewards using the smart staking and yield farming features.
Lending And Borrowing
Users can access liquidity or earn interest via their secure lending and borrowing protocols.
Crypto Portfolio Management
Orbit AI agent offers several tools for analyzing, tracking, and optimizing your existing crypto portfolio.
Orbit (GRIFT) Market Performance
Orbit (GRIFT) has delivered exemplary results for its holders. In the past 24 hours, it has risen 69.1% to $0.1073 as of Tuesday, January 14, 2025. Over the past 14 days, the GRIFT token is up 502.7%, while in the past seven days, it is up 136.6%.
The Orbit (GRIFT) token has soared 97.5% in the past month to a market cap of $95,556,870 with a fully diluted valuation of $108,587,427. Its 24-hour trading volume stands at $37,031,364. The tokens are listed for trading on the decentralized exchanges of Meteora and Raydium.
Orbit (GRIFT) hit all new all-time high of $0.1205 on January 14, and has since slid 9.8% as investors take profit. Its all-time low was on December 10, 2024 at $0.007163 per token. Since then, it has risen an astounding 1416.8%.
Social Media Following
The GRIFT token has a huge online following, with 20.9K followers on X and an equally huge following on Telegram.
Should You Add ORBIT (GRIFT) To Your Portfolio?
Orbit (GRIFT) could be one of the hottest assets in the DeFi AI space right now. It provides a practical solution for how AI agents of all types can seamlessly exchange value and it covers almost all existing chains and protocols; with such a huge potential client base to pull from, its value could potentially explode in 2025. Consequently, adding Orbit (GRIFT) to your portfolio could potentially be one of your best investments this year.
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