#Omninetwork, what's special about the latest Launchpool project from Binance 🧐
Omni Network is a Layer 1 platform designed to facilitate the easy development of decentralized applications (DApps) on Layer 2, with security from Ethereum. The platform uses tools from the Cosmos SDK and EigenLayer's infrastructure to create a fast connectivity environment and increased security between Layer 2.
Omni Network was born to solve problems of liquidity fragmentation, eliminating risks from cross-chain solutions or incompatibility with EVM.
3 main features of Omni Network include:🧐
➡️Restaking
Omni Network leverages ETH staking with Eigen Layer to optimize security and profitability for validators. This allows them to not only restake ETH but also earn rewards from transaction fees, making restaking flexible and customizable while still ensuring security from the Ethereum network.
➡️EVM compatible
The platform is EVM compatible, allowing developers to build applications on various chains safely and quickly.
➡️Consensus mechanism
With the consensus mechanism of Tendermint PoS and the flexibility of the Cosmos SDK, validators on the Omni Network can confirm the status of rollups faster than layer 1s like Ethereum, while also helping to improve information transfer between networks. rollup.
➡️Basic information about $OMNI
Token name: $OMNI
Blockchain: Ethereum
Contract: 0x36E66fbBce51e4cD5bd3C62B637Eb411b18949D4
Total supply: 100,000,000 $OMNI
Initial circulation: 10,391,492
🎂Tokenomic:
Ecosystem Fund: 29.5%
Team: 25.25%
Investors: 20.1%
Community fund: 12.6%
Public launch allocation: 5,8%
Binance Launchpool: 3,5%