The leading cross-chain bridge project Orbiter on Ethereum has just been officially included by Binance Alpha. Similar to the recent Haedal and Puffer projects, part of the tokens have been mapped to the BNB Chain and an airdrop has been conducted.
This time, a total of 5% of the tokens were mapped to the BNB Chain, with the distribution as follows:
0.8% for Alpha airdrop
1.7% reserved for Binance's future activities
1 million U + tokens for long-term liquidity
The remainder for trading reserves, liquidity support, etc.
So the 'cost' of this listing + airdrop is approximately:
3.5% tokens + 500,000 U + 0.3% token liquidity
Basically aligned with the recent tracking of Binance Alpha's proactive listing costs.
Currently, the market cap of OBT is 110 million, significantly lower than the VC cost price of 200 million, which is a token price of 0.02.
Moreover, OBT has not yet launched on Binance Futures, making it one of the few cross-chain bridge projects recently included by Binance Alpha.
Interestingly, the current price of OBT on Ethereum is 0.0117, while on the BNB Chain it is 0.0122, showing a price difference of 4.2%.
So—
Is it time for adventurous arbitrage again?