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#Uniswap L2 network Unichain announced the mainnet development roadmap, and the mainnet will be officially launched early next year. Since the launch of the Unichain Sepolia testnet in October, 50 million test transactions and more than 4 million test contracts have been deployed on the network. The Sepolia testnet is now public, and infrastructure providers are actively testing the mainnet. After the mainnet is launched, decentralization and performance improvements will continue to be promoted through new features. These features will first be launched on the experimental testnet for stability and performance testing, then transferred to Sepolia for more extensive testing, and finally launched on the #mainnet . The first feature on the public experimental testnet is Flashblocks, which will reduce the effective block time to 250 milliseconds, making transactions instant. The Unichain verification network will also be launched on the experimental testnet, and the community will be invited to run test verification nodes.
Avalanche developers have released the “biggest” update yet, Avalanche9000, to the mainnet. It reduces the cost of deploying L1 subnets by 99.9%.
Avalanche9000 also reduced the minimum gas fee in C-Chain by 96% and the requirements for validators - they no longer need to check data in the mainnet when checking subnets, which will reduce operating costs and hardware requirements.
So this is the time to buy $AVAX ??
#Avalanche" #AVAX✅ #mainnet #CryptoNewss
Avalanche9000 also reduced the minimum gas fee in C-Chain by 96% and the requirements for validators - they no longer need to check data in the mainnet when checking subnets, which will reduce operating costs and hardware requirements.
So this is the time to buy $AVAX ??
#Avalanche" #AVAX✅ #mainnet #CryptoNewss
Why $FRONT so #bullish ? 🤷♀️ Does people know something about #MainnetLaunch ? I know that is in april, but does this mean could be in the next days? #binance #mainnet #hottrends 🙆♀️
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Grace Period Algorithm Updates and New Features
📢 Grace Period Algorithm Improvements:
Timer Tweaks: The timer will now be more accurate in pausing Pioneers who have experienced justified system blocks, reducing unnecessary pauses.
📢 New Features:
Difficulty Reporting: When the timer is active in the Mainnet Checklist, Pioneers can click the “I need help completing my checklist” link to report the issue.
📅 Deadline:
September 30th is the first deadline of the Grace Period. Submit your KYC before the deadline and remind your teams to do the same!
#GracePeriod #update #KYC #Pioneers #mainnet
📢 Grace Period Algorithm Improvements:
Timer Tweaks: The timer will now be more accurate in pausing Pioneers who have experienced justified system blocks, reducing unnecessary pauses.
📢 New Features:
Difficulty Reporting: When the timer is active in the Mainnet Checklist, Pioneers can click the “I need help completing my checklist” link to report the issue.
📅 Deadline:
September 30th is the first deadline of the Grace Period. Submit your KYC before the deadline and remind your teams to do the same!
#GracePeriod #update #KYC #Pioneers #mainnet
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Many high-value asset transactions occur on the blockchain. So what if the newly released blockchain doesn't go through the testing period first? For example, if there is a problem where assets suddenly disappear, investors will definitely experience losses, right? So that's why the terms TESTNET and MAINNET emerged.
The meaning of TESTNET is the process of testing a blockchain network before it is released to the public. It is during this time that developers can modify and test their projects.
Meanwhile, MAINNET is the final stage of a blockchain project after passing the testnet stage, and is a guarantee of the blockchain developer's seriousness to investors. MAINNET is the most important indicator for investors to know if they want to take part in an ICO.
#blockchain #tesnet #mainnet #crypto2023
The meaning of TESTNET is the process of testing a blockchain network before it is released to the public. It is during this time that developers can modify and test their projects.
Meanwhile, MAINNET is the final stage of a blockchain project after passing the testnet stage, and is a guarantee of the blockchain developer's seriousness to investors. MAINNET is the most important indicator for investors to know if they want to take part in an ICO.
#blockchain #tesnet #mainnet #crypto2023
SecureChain AI (SCAI) leverages its Intelligent Security Engine (ISE) algorithm to revolutionize blockchain technology, ensuring next-generation #Dapps are both secure and swift.💱
At its core, SCAI adopts a deflationary model; each transaction burns $SCAI coins, decreasing the overall supply while enhancing scarcity. 📊
This intrinsic mechanism is designed to progressively increase the coin's value, positioning SCAI as a pivotal player in the future of secure, efficient blockchain applications. 👩💻
Through this approach, SCAI gains substantial value, ensuring long-term sustainability and growth.💹
#cryptotradingpro #BlockchainCommunity #Securechainai #mainnet
$BTC $DOGE $SHIB
At its core, SCAI adopts a deflationary model; each transaction burns $SCAI coins, decreasing the overall supply while enhancing scarcity. 📊
This intrinsic mechanism is designed to progressively increase the coin's value, positioning SCAI as a pivotal player in the future of secure, efficient blockchain applications. 👩💻
Through this approach, SCAI gains substantial value, ensuring long-term sustainability and growth.💹
#cryptotradingpro #BlockchainCommunity #Securechainai #mainnet
$BTC $DOGE $SHIB
Here’s Why EigenLayer Is About To Explode in Q2 This Year
#EigenLayer is in the final stages of #mainnet launch. The project will update the EigenLayer Mainnet contract on April 8th. The total TVL of Liquid Restaking projects has increased by $600M since the announcement.
This is expected to be the most anticipated money game on #Ethereum✅ this season, as it has already attracted $9.1B TVL in Liquid Restaking platforms and the number is still growing.
Liquid Restaking projects such as $ETHFI , Puffer Finance, Renzo Protocol and Swell Network will soon be able to remove certain restrictions related to staking and rewards after EigenLayer mainnet. They have been waiting for this day for a long time.
Another project directly related to EigenLayer is #AltLayer , which will also benefit from the EigenLayer mainnet. And soon, there will be many projects using AltLayer's RaaS service to airdrop to $ALT stakers.
Let's watch the narrative around EigenLayer explode in Q2 this year.
This is expected to be the most anticipated money game on #Ethereum✅ this season, as it has already attracted $9.1B TVL in Liquid Restaking platforms and the number is still growing.
Liquid Restaking projects such as $ETHFI , Puffer Finance, Renzo Protocol and Swell Network will soon be able to remove certain restrictions related to staking and rewards after EigenLayer mainnet. They have been waiting for this day for a long time.
Another project directly related to EigenLayer is #AltLayer , which will also benefit from the EigenLayer mainnet. And soon, there will be many projects using AltLayer's RaaS service to airdrop to $ALT stakers.
Let's watch the narrative around EigenLayer explode in Q2 this year.
Struggling with finances and need a source of income? Participate in the campaign and you could become a millionaire! 🚨💥
The $G campaign is currently live on Binance, featuring Gravity Token—the native cryptocurrency of the Layer 1 Gravity blockchain. 🌊 Gravity Token is gaining traction with its omnichain smart contract platform, enabling seamless cross-chain interactions. This offers a more efficient, scalable, and secure way to connect multiple blockchain networks.
Looking ahead, Gravity aims to expand its blockchain integrations, foster innovation, and boost adoption across the decentralized space. 🌟 Don’t miss out on this potential game-changer!#GravityAlphaMainnet #mainnet @Gravity
The $G campaign is currently live on Binance, featuring Gravity Token—the native cryptocurrency of the Layer 1 Gravity blockchain. 🌊 Gravity Token is gaining traction with its omnichain smart contract platform, enabling seamless cross-chain interactions. This offers a more efficient, scalable, and secure way to connect multiple blockchain networks.
Looking ahead, Gravity aims to expand its blockchain integrations, foster innovation, and boost adoption across the decentralized space. 🌟 Don’t miss out on this potential game-changer!#GravityAlphaMainnet #mainnet @Gravity
Shiba Inu Raises $12M for its New Blockchain
Shiba Inu, a memecoin built on Ethereum, has raised $12 million from investors for its upcoming #blockchain project. The funding, secured via the sale of the #TREAT token, will power a Layer 3 blockchain built atop Shibarium. Utilizing fully homomorphic encryption, the new blockchain prioritizes privacy and compliance. #Testnet is slated for Q3, with #mainnet following rigorous testing.
Investors include Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Labs, Stake Capital and Comma 3 Ventures.
$SHIB
Shiba Inu, a memecoin built on Ethereum, has raised $12 million from investors for its upcoming #blockchain project. The funding, secured via the sale of the #TREAT token, will power a Layer 3 blockchain built atop Shibarium. Utilizing fully homomorphic encryption, the new blockchain prioritizes privacy and compliance. #Testnet is slated for Q3, with #mainnet following rigorous testing.
Investors include Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Labs, Stake Capital and Comma 3 Ventures.
$SHIB
The WDC public chain mainnet is set to launch on March 28th, combining artificial intelligence and blockchain technology to ensure the privatization and authenticity of user data.
#WDC #blockchain #mainnet #HotTrends
#WDC #blockchain #mainnet #HotTrends
Crypto Events Shouldn’t be Missed on 03 April
📌 Choise.com ($CHO) - CHO Updates
📌 HyperGPT ($HGPT) - BingX Listing: BingX lists HyperGPT with HGPT/USDT pair at 11:00 (UTC).
📌 Arbitrum ($ARB ) - ARB x TIA X Space: "Wednesday 12:00 pm ET | @CelestiaOrg"
📌 #ImmutableX ($IMX) - Watch Dogs Cards: Immutable launches Watch Dogs themed cards in CrossTheAges.
📌 Seedify.fund ($SFUND) - SatoshiSync IDO: "This is the first permissionless chain-agnostic protocol designed to deploy, mint and bridge Inscriptions."
📌 Arbitrum ($ARB ) - ARB x GEL X Space
📌 Metaplex ($MPLX) - Vote On MIP-9
📌 PAID Network ($PAID) - BingX Listing: BingX lists PAID Network (@paid_network) with PAID/USDT pair at 13:00 (UTC).
📌 pNetwork ($PNT) - WazirX Delisting: WazirX delists pNetwork (@pNetworkDeFi) with PNT/USDT and PNT/INR pairs at 11 AM (IST).
📌 Polymesh ($POLYX) - #mainnet Upgrade: "This upgrade introduces several new features and events that extend the existing chain API, among other improvements."
📌 Sui ( $SUI ) - Token Unlock: "34.62M $SUI, valued at $65.08M (2.81% of circulating supply), unlock... 8:00 PM."
📌 Berry ($BERRY ) - Pixels Farm Land Snapshot: "... we will take a snapshot of all Pixels Farm Land that has been transferred to Ronin... 1pm PT / 8pm UTC"
📌 #eCash ($XEC ) - eCash Founder Interview: Exclusive interview with @deadalnix on the @BTCTKVR podcast.
📌 Choise.com ($CHO) - CHO Updates
📌 HyperGPT ($HGPT) - BingX Listing: BingX lists HyperGPT with HGPT/USDT pair at 11:00 (UTC).
📌 Arbitrum ($ARB ) - ARB x TIA X Space: "Wednesday 12:00 pm ET | @CelestiaOrg"
📌 #ImmutableX ($IMX) - Watch Dogs Cards: Immutable launches Watch Dogs themed cards in CrossTheAges.
📌 Seedify.fund ($SFUND) - SatoshiSync IDO: "This is the first permissionless chain-agnostic protocol designed to deploy, mint and bridge Inscriptions."
📌 Arbitrum ($ARB ) - ARB x GEL X Space
📌 Metaplex ($MPLX) - Vote On MIP-9
📌 PAID Network ($PAID) - BingX Listing: BingX lists PAID Network (@paid_network) with PAID/USDT pair at 13:00 (UTC).
📌 pNetwork ($PNT) - WazirX Delisting: WazirX delists pNetwork (@pNetworkDeFi) with PNT/USDT and PNT/INR pairs at 11 AM (IST).
📌 Polymesh ($POLYX) - #mainnet Upgrade: "This upgrade introduces several new features and events that extend the existing chain API, among other improvements."
📌 Sui ( $SUI ) - Token Unlock: "34.62M $SUI, valued at $65.08M (2.81% of circulating supply), unlock... 8:00 PM."
📌 Berry ($BERRY ) - Pixels Farm Land Snapshot: "... we will take a snapshot of all Pixels Farm Land that has been transferred to Ronin... 1pm PT / 8pm UTC"
📌 #eCash ($XEC ) - eCash Founder Interview: Exclusive interview with @deadalnix on the @BTCTKVR podcast.
Movement Network launches the first phase of its Mainnet Beta
#MovementNetwork has announced the launch of the first phase of its #Mainnet Beta, marking the first phase of its rollout. The Mainnet Beta went live at 16:00 UTC on November 30, 2024, enabling infrastructure providers to begin supporting the network. This initial release includes the implementation of follower nodes, RPC nodes, indexers, permissioned smart contracts, and a block explorer.
#MovementNetwork has announced the launch of the first phase of its #Mainnet Beta, marking the first phase of its rollout. The Mainnet Beta went live at 16:00 UTC on November 30, 2024, enabling infrastructure providers to begin supporting the network. This initial release includes the implementation of follower nodes, RPC nodes, indexers, permissioned smart contracts, and a block explorer.
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#MiningMachines #miningapp #mainnet
🚀 Ready for something awesome?
Snag incredible perks with DotChain!
Download in Play Store for free
Using code -> Dot4You <- to start Mining with an enhanced rate!
Dive into the joy of mining crypto tokens while we gear up for the mainnet launch.
Let's make this journey together!
Join the excitement and let the good times roll!
#MiningMachines #miningapp #mainnet
🔺🔺$LINK ______🔥 for LINK updates ⏫️⏫️⏫️
WEMIX Integrates Chainlink CCIP on Mainnet for Gaming Ecosystem Support
LINK - BUY
Reason: The integration of Chainlink CCIP by Wemade's WEMIX platform indicates a significant use case expansion for LINK, likely driving its value up.
Signal strength: HIGH
Signal time: 2024-03-11 01:19:58 GMT
#LINK/USDT #Wemix #Chainlink #mainnet #SignalAlert
WEMIX Integrates Chainlink CCIP on Mainnet for Gaming Ecosystem Support
LINK - BUY
Reason: The integration of Chainlink CCIP by Wemade's WEMIX platform indicates a significant use case expansion for LINK, likely driving its value up.
Signal strength: HIGH
Signal time: 2024-03-11 01:19:58 GMT
#LINK/USDT #Wemix #Chainlink #mainnet #SignalAlert
💥💥💥 #BitTorrent Officially Releases #BTFS V3.0 (Heisenberg) On the #mainnet
BitTorrent has officially launched BTFS V3.0 Heisenberg on the mainnet, introducing several new features aimed at enhancing user experience, operational efficiency, and network security.
This update includes support for symmetric encryption, addressing the diverse needs of users. Following extensive community discussions on BTIP-72, the export and import of keystore files are now permitted, streamlining management and bolstering node security.
The network connection has been meticulously redesigned to ensure efficient data transfer. The update also supports batch withdrawals across multiple nodes, simplifying the mining process and boosting efficiency. BitTorrent emphasized the significance of the BTFS protocol and the advancement of decentralized networks. A notable change to $BTTC storage rewards will take effect on June 25th, reducing the total daily storage reward to 7.5 billion BTT tokens. Node operators are advised to update their nodes by this date.
BTFS, or BitTorrent File System, is a web application and protocol that offers a peer-to-peer addressable mechanism for sharing and storing digital content in a decentralized manner. It also serves as a foundational platform for decentralized applications (dApps). The BTFS team is exploring new network operations and market sentiments to implement dynamic adjustments, such as airdrop reward schemes and upload prices, ensuring continuous improvement and adaptation to user needs.
Source - cryptonews.net
#CryptoMarkets #BinanceSquareTalks
BitTorrent has officially launched BTFS V3.0 Heisenberg on the mainnet, introducing several new features aimed at enhancing user experience, operational efficiency, and network security.
This update includes support for symmetric encryption, addressing the diverse needs of users. Following extensive community discussions on BTIP-72, the export and import of keystore files are now permitted, streamlining management and bolstering node security.
The network connection has been meticulously redesigned to ensure efficient data transfer. The update also supports batch withdrawals across multiple nodes, simplifying the mining process and boosting efficiency. BitTorrent emphasized the significance of the BTFS protocol and the advancement of decentralized networks. A notable change to $BTTC storage rewards will take effect on June 25th, reducing the total daily storage reward to 7.5 billion BTT tokens. Node operators are advised to update their nodes by this date.
BTFS, or BitTorrent File System, is a web application and protocol that offers a peer-to-peer addressable mechanism for sharing and storing digital content in a decentralized manner. It also serves as a foundational platform for decentralized applications (dApps). The BTFS team is exploring new network operations and market sentiments to implement dynamic adjustments, such as airdrop reward schemes and upload prices, ensuring continuous improvement and adaptation to user needs.
Source - cryptonews.net
#CryptoMarkets #BinanceSquareTalks
Omni Network: The Layer 1 Blockchain Bringing Spotlight To Restaking Category
Omni Network has just been announced by Binance to launch on #BinanceLaunchPool🔥 . This is a Layer 1 blockchain project created with a mission to connect various blockchains.
Furthermore, the project is backed by significant investment funds along with an Airdrop program that is said to be substantial.
Let's explore more!
1. What is Omni Network?
Omni Network (Omni) is a Layer 1 blockchain designed to integrate #Ethereum✅ rollup ecosystem into a unified system through Restaking. As a result, developers can build global applications that allow access to all liquidity sources and users of Ethereum.
The project has also just announced an Airdrop for users.
2. Key features of the project include:
Addressing Liquidity Fragmentation:
The Omni protocol aims to tackle fragmentation challenges by facilitating smooth communication and compatibility between different rollups:
Cross-rollup Communication: Omni allows users and applications to interact across different rollups as a unified network.Unified Liquidity Pools: By supporting Cross-rollup transactions, Omni helps aggregate liquidity, improve capital efficiency, and minimize slippage.Simplified User Experience:Users can enjoy a seamless experience with the ability to move assets or perform actions across rollups without complex processes or multiple steps, leveraging developer-friendly infrastructure.
The Restaking mechanism:
The Restaking mechanism introduced by the project presents a groundbreaking approach to blockchain security by utilizing Restaking $ETH . When ETH is Restaked on the Omni Chain, it enhances the security of other projects within the Ethereum network.
Omni Network also employs a "Dual Staking" mechanism through Restaking ETH and Staking OMNI. This not only enhances the security of the Ethereum Chain but also strengthens its own security budget as more OMNI tokens are staked.
Compatibility:
Compatibility is crucial for any project to achieve transactional and informational exchange consistency. With Omni Network, the project addresses compatibility needs by providing a protocol that supports Cross-chain communication, bridging interaction between multiple blockchains.
With this support, developers can easily create dApps that operate across multiple chains, minimizing complexity in connectivity and transactions.
In particular, through integration with EigenLayer, Omni Network ensures secure and robust Cross-chain transactions.
CometBFT:
CometBFT is a Byzantine Fault Tolerant (BFT) consensus mechanism designed to ensure network consensus in a distributed system, even in the presence of faulty or malicious nodes.
Its flexibility and efficiency make it an ideal choice for Omni, aiming to provide reliable Cross-rollup and Cross-chain communication services.
=> Developers can build dApps on Cross-chain without compromising performance and security.
Dual-Chain Architecture:
Omni introduces a breakthrough approach in blockchain architecture designed to enhance performance and scalability without compromising security.
Omni's architecture is divided into two main layers: Consensus Layer and Execution Layer. This dual-chain structure allows Omni to process transactions efficiently and manage global state across multiple networks.
=> Using a Modular blockchain structure makes Omni Network a name that maintains security from Restaking #ETH🔥🔥🔥 while improving transaction processing speed and cost efficiency through workload layering.
3. Token Information
Token Metrics
Token Name: Omni Network TokenTicker: OMNIBlockchain: EthereumToken Standard: ERC-20Contract: Updating...Token Type: Utility & GovernanceTotal Supply: 100,000,000 OMNICirculating Supply: 10,391,492 OMNI (110.39% of total supply)
Token Allocation
Private Sale Investors: 20.06%Public Launch Allocation: 5.77%Binance Launchpool: 3.5%Team: 25.25%Advisors: 3.25%Ecosystem Fund: 29.50%Community Fund: 12.67%
4. Token Distribution Schedule:
5. Token utility
The utility of the OMNI token includes:
Gas fees for transactions between Omni EVM and Cross-chain applications.Governance: decentralizing network governance through staking and governance voting.Creating a gas market for Cross-chain transactions.Staking for system security.
6. Roadmap
Q2/24:
Integration of Liquid Staking and Eigenlayer protocols as "Operators"#mainnet launchToken Generation Event (TGE)Deployment of a portion of the committed $11 billion to deploy xERC20 secured by Omni
Q3/24:
Launch of "Global Applications" (NGAs) on Omni EVMDeployment of multi-rollup smart contracts to scale applicationsRelease of Typescript frontend library to support application development
Q4/24:
Expansion of Omni Network to integrate Data Availability systems like EigenDA or CelestiaEnhancement of network rollup capabilitiesWelcoming MPC providers to offer services for organizations seeking access to Ethereum rollups
Team
Co-Founder/CEO – Austin King: He studied Computer Science at Harvard, developed InterLedger Network (processing over 10 billion transactions), sold a company to Ripple, and served as CEO of Omni Labs.Co-Founder/CTO – Tyler Tarsi: He studied Applied Mathematics, Computer Science, and Economics at Harvard. He has experience in building machine learning infrastructure for quantitative trading systems.
7. Investors & Partners
Investors
Omni Network successfully raised $18 million on March 26, 2023. This funding round saw participation from major funds such as Pantera Capital, The Spartan Group, Hashed Fund, Jump Crypto, and Two Sigma Ventures.
Partners
Omni Network's partners include major names, notably EigenLayer, which plays a crucial role in the platform's Restaking ETH strategy.
8. Analysis
Omni Network is a Layer 1 blockchain designed to integrate Ethereum's rollup ecosystem and address liquidity fragmentation issues. The project utilizes the Restaking ETH mechanism and Dual-Chain architecture to enhance security and performance. Notably, the support from major investors such as Pantera Capital, The Spartan Group, Hashed Fund, Jump Crypto, and Two Sigma Ventures, with $18 million raised, is noteworthy.
Being listed on Binance Launchpool recently adds to the attractiveness of the #restaking segment.
$ETHFI $ALT
Furthermore, the project is backed by significant investment funds along with an Airdrop program that is said to be substantial.
Let's explore more!
1. What is Omni Network?
Omni Network (Omni) is a Layer 1 blockchain designed to integrate #Ethereum✅ rollup ecosystem into a unified system through Restaking. As a result, developers can build global applications that allow access to all liquidity sources and users of Ethereum.
The project has also just announced an Airdrop for users.
2. Key features of the project include:
Addressing Liquidity Fragmentation:
The Omni protocol aims to tackle fragmentation challenges by facilitating smooth communication and compatibility between different rollups:
Cross-rollup Communication: Omni allows users and applications to interact across different rollups as a unified network.Unified Liquidity Pools: By supporting Cross-rollup transactions, Omni helps aggregate liquidity, improve capital efficiency, and minimize slippage.Simplified User Experience:Users can enjoy a seamless experience with the ability to move assets or perform actions across rollups without complex processes or multiple steps, leveraging developer-friendly infrastructure.
The Restaking mechanism:
The Restaking mechanism introduced by the project presents a groundbreaking approach to blockchain security by utilizing Restaking $ETH . When ETH is Restaked on the Omni Chain, it enhances the security of other projects within the Ethereum network.
Omni Network also employs a "Dual Staking" mechanism through Restaking ETH and Staking OMNI. This not only enhances the security of the Ethereum Chain but also strengthens its own security budget as more OMNI tokens are staked.
Compatibility:
Compatibility is crucial for any project to achieve transactional and informational exchange consistency. With Omni Network, the project addresses compatibility needs by providing a protocol that supports Cross-chain communication, bridging interaction between multiple blockchains.
With this support, developers can easily create dApps that operate across multiple chains, minimizing complexity in connectivity and transactions.
In particular, through integration with EigenLayer, Omni Network ensures secure and robust Cross-chain transactions.
CometBFT:
CometBFT is a Byzantine Fault Tolerant (BFT) consensus mechanism designed to ensure network consensus in a distributed system, even in the presence of faulty or malicious nodes.
Its flexibility and efficiency make it an ideal choice for Omni, aiming to provide reliable Cross-rollup and Cross-chain communication services.
=> Developers can build dApps on Cross-chain without compromising performance and security.
Dual-Chain Architecture:
Omni introduces a breakthrough approach in blockchain architecture designed to enhance performance and scalability without compromising security.
Omni's architecture is divided into two main layers: Consensus Layer and Execution Layer. This dual-chain structure allows Omni to process transactions efficiently and manage global state across multiple networks.
=> Using a Modular blockchain structure makes Omni Network a name that maintains security from Restaking #ETH🔥🔥🔥 while improving transaction processing speed and cost efficiency through workload layering.
3. Token Information
Token Metrics
Token Name: Omni Network TokenTicker: OMNIBlockchain: EthereumToken Standard: ERC-20Contract: Updating...Token Type: Utility & GovernanceTotal Supply: 100,000,000 OMNICirculating Supply: 10,391,492 OMNI (110.39% of total supply)
Token Allocation
Private Sale Investors: 20.06%Public Launch Allocation: 5.77%Binance Launchpool: 3.5%Team: 25.25%Advisors: 3.25%Ecosystem Fund: 29.50%Community Fund: 12.67%
4. Token Distribution Schedule:
5. Token utility
The utility of the OMNI token includes:
Gas fees for transactions between Omni EVM and Cross-chain applications.Governance: decentralizing network governance through staking and governance voting.Creating a gas market for Cross-chain transactions.Staking for system security.
6. Roadmap
Q2/24:
Integration of Liquid Staking and Eigenlayer protocols as "Operators"#mainnet launchToken Generation Event (TGE)Deployment of a portion of the committed $11 billion to deploy xERC20 secured by Omni
Q3/24:
Launch of "Global Applications" (NGAs) on Omni EVMDeployment of multi-rollup smart contracts to scale applicationsRelease of Typescript frontend library to support application development
Q4/24:
Expansion of Omni Network to integrate Data Availability systems like EigenDA or CelestiaEnhancement of network rollup capabilitiesWelcoming MPC providers to offer services for organizations seeking access to Ethereum rollups
Team
Co-Founder/CEO – Austin King: He studied Computer Science at Harvard, developed InterLedger Network (processing over 10 billion transactions), sold a company to Ripple, and served as CEO of Omni Labs.Co-Founder/CTO – Tyler Tarsi: He studied Applied Mathematics, Computer Science, and Economics at Harvard. He has experience in building machine learning infrastructure for quantitative trading systems.
7. Investors & Partners
Investors
Omni Network successfully raised $18 million on March 26, 2023. This funding round saw participation from major funds such as Pantera Capital, The Spartan Group, Hashed Fund, Jump Crypto, and Two Sigma Ventures.
Partners
Omni Network's partners include major names, notably EigenLayer, which plays a crucial role in the platform's Restaking ETH strategy.
8. Analysis
Omni Network is a Layer 1 blockchain designed to integrate Ethereum's rollup ecosystem and address liquidity fragmentation issues. The project utilizes the Restaking ETH mechanism and Dual-Chain architecture to enhance security and performance. Notably, the support from major investors such as Pantera Capital, The Spartan Group, Hashed Fund, Jump Crypto, and Two Sigma Ventures, with $18 million raised, is noteworthy.
Being listed on Binance Launchpool recently adds to the attractiveness of the #restaking segment.
$ETHFI $ALT