Home Altcoins NewsCrypto Events Binance Launches Omni Network (OMNI) on Launchpool: A Game-Changer in the Crypto Ecosystem

Binance Launches Omni Network (OMNI) on Launchpool: A Game-Changer in the Crypto Ecosystem

Binance

Omni Network (OMNI) emerges as a layer 1 blockchain solution designed to streamline the integration of Ethereum’s rollup ecosystem into a unified platform. This innovative approach aims to enhance scalability, security, and efficiency within the decentralized finance space, opening new doors for developers and investors alike.

During the upcoming four-day farming period commencing at 03:00 on April 13, 2024, users will have the opportunity to stake Binance Coin (BNB) and stablecoin FDUSD in separate pools to earn OMNI tokens. This incentivized farming activity promises attractive rewards for participants, fostering community engagement and driving adoption of the Omni Network.

The Road Ahead

Following the farming phase, Binance will officially list OMNI tokens on April 17, 2024, at 15:00. This marks a pivotal moment not only for Omni Network but for the entire crypto landscape. With trading pairs including OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD, and OMNI/TRY, traders will have ample opportunities to engage with this exciting new asset.

Tokenomics Unveiled

Now, let’s talk numbers. The maximum token supply for Omni Network stands at 100,000,000 OMNI tokens, with 3,500,000 OMNI tokens earmarked for Launchpool rewards. Initial circulating supply? A modest yet significant 10,391,492 OMNI tokens. Powered by Ethereum’s robust smart contract technology, Omni Network sets the bar high for transparency and security in the crypto sphere.

User-Friendly Interface

But what about accessibility? Fear not, as Omni Network’s staking conditions require nothing more than a simple Know Your Customer (KYC) process. With fixed upper limits per user hour, fairness and inclusivity are at the forefront of Omni Network’s ethos. Whether you’re a seasoned trader or a newcomer to the crypto scene, Omni Network welcomes all with open arms.

Following the farming phase, Binance will officially list OMNI tokens on April 17, 2024, at 15:00, signaling the commencement of trading activities. The inclusion of OMNI trading pairs, including OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD, and OMNI/TRY, provides users with diverse options to engage in the vibrant cryptocurrency market.

Here are the basic details of Omni Network Launchpool:

  • Token Name: Omni Network (OMNI)
  • Maximum Token Supply: 100,000,000 OMNI
  • Launchpool Token Rewards: 3,500,000 OMNI (3.5% of maximum token supply)
  • Initial Circulating Supply: 10,391,492 OMNI (10.39% of maximum token supply)
  • Smart Contract Details: Ethereum
  • Staking Conditions: KYC required
  • Fixed Upper Limit per User Hour:
    • OMNI in the pool of 3,098.95 BNB
    • OMNI in the pool of 546.87 FDUSD

With a focus on transparency and compliance, Omni Network implements KYC (Know Your Customer) requirements, ensuring a secure and compliant ecosystem for users to participate in staking and trading activities.

The launch of Omni Network on Binance’s Launchpool underscores the exchange’s commitment to fostering innovation and driving the adoption of emerging blockchain technologies. By providing users with access to cutting-edge projects and incentivized farming opportunities, Binance continues to empower individuals to explore the vast potential of decentralized finance.

As the crypto community eagerly anticipates the commencement of farming activities, excitement mounts for the transformative impact Omni Network (OMNI) will have on the broader cryptocurrency ecosystem. Stay tuned for updates as Binance and Omni Network pave the way for a decentralized future.

In conclusion, Binance’s decision to integrate Omni Network into its Launchpool project heralds a new era of possibilities in the crypto sphere. With its seamless integration of Ethereum’s rollup technology, Omni Network is poised to make waves and leave an indelible mark on the digital currency landscape. So, whether you’re a seasoned trader or a curious newcomer, keep an eye on Omni Network as it embarks on its journey to redefine the future of blockchain technology.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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