The 52nd name appearing on #BinanceLaunchPool🔥 called Omni. With the current market volatility, joining launchpool is probably a wise choice. Right now, let's find out with Coinplus what #OMNI is? What is OMNI token? What is OMNI used for?

What is Omni?

#Omni Network (Omni) is a layer 1 blockchain designed to integrate Ethereum rollups into a single unified system. By using Omni, developers can build global applications that have access to all of Ethereum's liquidity and users by default.

Omni's mission

Omni's mission is to return Ethereum to its role as a single, unified operating system for decentralized applications.

Notable points of the project

Dual Staking Model: Omni is a Proof-of-Stake network secured by the combined value of staked ETH and staked OMNI.

Verification speed under 1 second: Omni nodes use CometBFT consensus to process cross-rollup messages and Omni EVM transactions in less than a second. By using alternative finality mechanisms, such as pre-confirmation and transaction insurance, Omni can provide sub-second accuracy for cross-aggregated messages.

Versatile rollup support: Omni is designed with minimal integration requirements to ensure compatibility with every available rollup, programming language, and data architecture.

Backward compatibility: Applications can integrate Omni without modifying their existing smart contracts. Instead, apps can use modified user interface instructions to send aggregated messages through Omni.

What is OMNI token?

OMNI is the native token of the Omni Network and serves many roles in this ecosystem.

What is OMNI used for?

OMNI token contributes the following roles in the ecosystem:

Transaction fee resource: OMNI is used as a payment mechanism to compensate relayers who send transactions to rollups.

Gas for Omni EVM: OMNI is the native currency for processing transactions on Omni EVM.

Network governance: OMNI stakeholders will be responsible for various governance decisions. Specifically, protocol upgrades and additional features for developers.

Staking: Omni Protocol implements a double staking model to ensure economic security. Security is a function of the combined value of OMNI staked and ETH staked.

OMNI Metric

Name: OMNI

Type: ERC-20

Initial Circ. Supply when listing Binance: 10,391,492 (10.39% of total supply)

Total supply: 100,000,000

Binance Launchpool Allocation: 3,500,000 (3.50% of total supply)

Binance Launchpool start date: April 13, 2024

OMNI unlock schedule

OMNI will be unlocked according to the following chart:

summary

Recently we learned together important information about Omni. Hopefully through this article you have a better understanding of this project. If you still don't have a Binance account, enter code KNAE9ERI to receive a reduced transaction fee. Wish you success and make money from the market!