# Orbit Token Litepaper
#### Overview
The Orbit Token ($ORBIT) is designed to support utility and participation within the Orbit ecosystem. As the platform develops, $ORBIT may be used for certain features, access mechanisms, community functions, and other ecosystem utilities, subject to product availability, applicable terms, and applicable law.
$ORBIT is not equity in Orbit Labs, is not a claim on Orbit Labs’ assets, and does not give holders any right to revenue, profits, or distributions. Any rights or functionality associated with $ORBIT will be limited to what Orbit makes available through its products, documentation, and terms from time to time.
At launch, Orbit expects a portion of the initial $ORBIT supply to be distributed to eligible holders of certain Orbit NFTs. This NFT-holder allocation reflects the framework previously described in Orbit’s NFT materials and remains subject to the applicable snapshot rules, wallet requirements, claim procedures, published terms, and any legal or compliance restrictions that may apply.
Any $ORBIT distribution remains subject to eligibility rules, anti-abuse protections, geographic restrictions, technical requirements, timing rules, caps, and Orbit’s terms. Orbit may also require certain administrative steps, such as wallet linking, wallet verification, or claim procedures, in order to facilitate secure delivery and compliance.
$ORBIT is intended for ecosystem use and participation, not as an investment product. Nothing in this Litepaper should be read as a promise of price appreciation, liquidity, profit, or any specific economic outcome. Any current or future functionality described in this Litepaper reflects Orbit’s present plans only and may be introduced, changed, delayed, or discontinued over time.
Orbit may choose to make additional token distributions in the future. Nothing in this Litepaper should be read as a promise, guarantee, or announcement of the timing, criteria, or amount of any future distribution.
#### Total Token Supply
* **Total Supply:** 1,000,000,000
* **Initial Circulating Supply at TGE:** 226,672,574.21 (\~22.67%)
***
**Initial Supply Breakdown**
| **Category** | **% of Initial Circulating Supply** | **Tokens at TGE** |
| ---------------- | ----------------------------------- | ----------------- |
| Community | 82.59% | 187,213,114.75 |
| Liquidity | 13.23% | 30,000,000 |
| Core Development | 2.98% | 6,756,756.76 |
| Operations | 0.60% | 1,351,351.35 |
| Marketing | 0.60% | 1,351,351.35 |
***
#### Initial Community Breakdown (Unvested)
| **Category** | **% of Initial Community Allocation** | **Tokens at TGE** |
| ------------------ | ------------------------------------- | ----------------- |
| NFT Holders | 69.44% | 130,000,000 |
| Airdrop | 26.71% | 50,000,000 |
| Community Treasury | 3.85% | 7,213,114.75 |
***
#### **Total Supply Breakdown (Fully Released)**
| **Category** | **% of Total Supply** | **Tokens** |
| ---------------- | --------------------- | ----------- |
| Community | 62.00% | 620,000,000 |
| Core Development | 25.00% | 250,000,000 |
| Marketing | 5.00% | 50,000,000 |
| Operations | 5.00% | 50,000,000 |
| Liquidity | 3.00% | 30,000,000 |
***
#### Release Schedule
To spread distribution over time, only tokens that are not released at the Token Generation Event (TGE) will be subject to vesting.
At TGE, Orbit expects to deploy vesting contracts for the unreleased supply, with scheduled unlocks over a period of up to 60 months. Unless otherwise stated, vested tokens unlock linearly over the applicable vesting period.
**Community Treasury**
* Total Allocation: 43.28% of Total Supply
* Vesting Period: 60 months (5 years)
* Purpose: The Community Treasury is intended to support ecosystem programs, user incentives, community initiatives, and other platform-related uses that Orbit may introduce over time.
**Marketing Wallet**
* Total Allocation: 4.86% of Total Supply
* Vesting Period: 36 months (3 years)
* Purpose: The Marketing Wallet is intended to support marketing, growth, brand, and community awareness initiatives.
**Core Development Wallet**
* Total Allocation: 24.32% of Total Supply
* Vesting Period: 36 months (3 years)
* Purpose: The Core Development Wallet is intended to support ongoing product development, engineering, infrastructure, and technical execution across the Orbit ecosystem.
**Operations Wallet**
* Total Allocation: 4.86% of Total Supply
* Vesting Period: 36 months (3 years)
* Purpose: The Operations Wallet is intended to support business operations, administration, and other operational needs related to maintaining and growing the Orbit ecosystem.
#### Token Utility
Orbit may introduce and update utility programs that support use of the platform, such as discounts, rebates, referral features, and other user incentive programs. These programs may be implemented through smart contracts, treasury actions, or other operational mechanisms.
Program details may change over time. Eligibility requirements, rates, limits, timing, and any caps may be adjusted, and programs may be paused, modified, or discontinued based on product decisions, operations, compliance considerations, liquidity conditions, or overall platform needs.
Below are examples of how protocol fees may be used to support utility and incentive programs, subject to the program design in effect at the relevant time:
**Fee-Based Incentives**
* Buyback & Burn Mechanism
* Up to **15%** of protocol fees may be used, in Orbit’s discretion, to acquire and retire $ORBIT under the program mechanics in effect at the relevant time.
* Rebates
* Up to **5%** of protocol fees may be used for user rebates in the form of $ORBIT.
* Referral Rewards
* Up to **10%** of protocol fees may be used for referral-based reward programs in the form of $ORBIT.
**Platform Utility**
* $ORBIT may be used to access certain advanced platform features, such as analytics, data tools, or API-related functionality, where available.
* $ORBIT may be used for certain protocol or community governance features, where available.
**Program Enhancements**
* Orbit may introduce additional utility features or program enhancements tied to use of $ORBIT, where applicable. The specific mechanics, eligibility rules, and supported features may change over time as the platform develops.
***
⚠️ **Key Notes**
* This Litepaper is informational. Read [Terms of Service](https://orbit-labs-1.gitbook.io/orbit-labs/legal/terms-of-service) and [NFT Ownership and License Agreement](https://orbit-labs-1.gitbook.io/orbit-labs/legal/nft-ownership-and-license-agreement) for a fuller scope.
* Program parameters (eligibility, caps, timelines, and mechanics) may evolve as the platform matures and to support compliance, risk management, and long-term sustainability.
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