Binance Launchpool Launches Omni Network (OMNI) Token
Binance announced the introduction of the Omni Network (OMNI) token to its Launchpool platform. This is the 52nd project introduced by Binance Launchpool. The Omni Network is Layer 1. blockchain It is designed to unify Ethereum’s rollup ecosystem into a single system.
Users can earn OMNI tokens for 4 days by staking BNB and FDUSD into different pools. The farming process starts from 2024-04-13 00:00 (UTC). Binance will later list OMNI and open the following trading pairs: OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD, and OMNI/TRY at 2024-04-17 12:00 (UTC).
Details about OMNI Launchpool
OMNI’s maximum token supply is 100,000,000. The Launchpool token reward is set at 3,500,000 OMNI, which is 3.5% of the maximum token supply. The initial circulating supply is 10,391,492 OMNI, which is 10.39% of the maximum token supply. Staking conditions require KYC approval and the per-user hourly hard cap is 3,098.95 OMNI in the BNB pool and 546.87 OMNI in the FDUSD pool.
BNB and FDUSD full stake
Users can stake BNB with an expected reward of 2,975,000 OMNI (85%), or FDUSD with an expected reward of 525,000 OMNI (15%). The farming period lasts from 2024-04-13 00:00 (UTC) to 2024-04-16 23:59 (UTC).
There are certain conditions that users must meet to participate in OMNI’s farming. Users must complete account verification and reside in an eligible jurisdiction. The list of excluded countries is provided and may change due to evolving local rules and regulations.
Users are also advised to conduct their own research before investing in tokens to ensure the safety of their funds. Binance is currently the first and only platform to list OMNI tokens, and any claims of offering these tokens for sale before the given schedule are considered false advertising.
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