Binance Launchpool Introduces Omni Network (OMNI) Tokens

Binance Launchpool brings Omni Network (OMNI) Tokens

Binance has announced the introduction of Omni Network (OMNI) tokens on its Launchpool platform. This marks the 52nd project that Binance Launchpool has introduced. Omni Network is a layer 1 blockchain designed to unify Ethereum’s rollup ecosystem into a singular system.

Users can stake their BNB and FDUSD into different pools to farm OMNI tokens over a period of four days. The farming process will begin from 2024-04-13 00:00 (UTC). Binance will subsequently list OMNI at 2024-04-17 12:00 (UTC) and open trading pairs OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD, and OMNI/TRY.

Details About OMNI Launchpool

The maximum token supply of OMNI is 100,000,000. The Launchpool token rewards are set at 3,500,000 OMNI, which is 3.5% of the max token supply. The initial circulating supply is 10,391,492 OMNI, which is 10.39% of the max token supply. Staking terms require KYC approval and the hourly hard cap per user is 3,098.95 OMNI in BNB pool and 546.87 OMNI in FDUSD pool.

Stake BNB and FDUSD Pools

Users can stake BNB, with an estimated reward of 2,975,000 OMNI (85%), and FDUSD, with an estimated reward of 525,000 OMNI (15%). The farming period will last from 2024-04-13 00:00 (UTC) to 2024-04-16 23:59 (UTC).

There are certain conditions that users need to meet to participate in the farming of OMNI. Users need to complete their account verification and be from an eligible jurisdiction. A list of excluded countries has been provided and is subject to changes due to evolving local rules and regulations.

Users are also advised to do their own research before investing in any token to ensure the safety of their funds. Binance is the first and only platform to list OMNI tokens at this time, with all claims to offer this token for sale before the given timeline considered false advertising.

Image source: Shutterstock

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