Binance has introduced its 52nd project on Binance Launchpool, Omni Network (OMNI) – a layer 1 blockchain that allows developers to easily build dApps on top of all Layer 2 of Ethereum, while achieving security capabilities from Ethereum.
The platform's website will be available for 5 hours, right before Launchpool starts.
Users can stake BNB and FDUSD into separate pools, allowing for OMNI token farming over a period of 4 days. The farming process will start at 07:00 on April 13, 2024 (Vietnam time).
Important dates and trading pairs
OMNI token is expected to be listed on Binance at 19:00 on April 17, 2024 (Vietnam time) with trading pairs OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD and OMNI/ TRY. Additionally, Seed Tag will be applied to OMNI.
Detailed information about Launchpool OMNI:
Tên token: Omni Network (OMNI)
Total supply: 100,000,000 OMNI
Launchpool reward: 3,500,000 OMNI (3.5% of total supply)
Initial circulating supply: 10,391,492 OMNI(10.39% of total supply)
Staking terms: Identity verification (KYC) required
Hourly hardcap per user: 3,098.95 OMNI in BNB pool and 546.87 OMNI in FDUSD pool
Pool supported and farming time
Stakeholders can participate in 2 supported pools:
Stake BNB: Offers 2,975,000 OMNI rewards (85%)
Stake FDUSD: Offers 525,000 OMNI (15%) reward
Farming time lasts from 07:00 April 13, 2024 to 6:59 April 17, 2024 (Vietnam time).
Distribute OMNI daily
During farming, daily OMNI distribution across pools is as follows:
Total daily rewards: 875,000 OMNI
BNB pool daily reward: 743,750 OMNI
FDUSD pool daily reward: 131,250 OMNI
The introduction of #OMNI Network (OMNI) through Binance Launchpool brings exciting prospects to the crypto community. As the big moment approaches, anticipation and interest in the OMNI token continue to grow, marking a major milestone in Binance's ongoing commitment to innovation and community-centric initiatives focus in the field of cryptocurrency.
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