Binance Launches Launchpool: Users Can Earn Omni Network Tokens
Binance, one of the largest cryptocurrency exchanges, announced the launch of a new service called Launchpool Omni.
This service allows users to earn tokens of various cryptocurrencies, including Omni Network (OMNI), without having to invest significant amounts.
To take advantage of Launchpool, users need to lock their BNB or FDUSD for a certain period of time. In exchange for locked BNB or FDUSD, users receive an equal amount of new tokens that can be withdrawn after a certain period.
To participate in Launchpool, users must have an account on Binance and be enrolled in the Binance program.
They can then select the coin they are interested in and lock the corresponding amount of $BNB or $FDUSD for staking.
Earning tokens through Launchpool is one of the ways for users to earn passive income. This can also help in spreading awareness about new cryptocurrencies and increasing their value in the market.
For staking we chose #FDUSD instead of #BNB but keep in mind that for staking a stable coin you will receive 5 times less OMNI tokens than staking #BNB
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