A brief analysis of Launchpool's new project Omni in plain language:

This project is an Ethereum cross-chain operation protocol that provides an infrastructure layer for many Layer2 Rollups on Ethereum, and then aggregates them into a common platform to enable developers to carry out unified cross-chain development of the application layer.

There are many interoperability protocols like Omni at present, but one of the highlights of Omni is that it is the first to implement interoperability customization standards in the Ethereum ecosystem, which also helps to solve the liquidity problem of Layer2 and is an industry-based underlying technology optimization solution.

Looking forward, there are also many application scenarios that can be used, such as cross-rollup related financial products, mining and coin minting, etc.

Back to this Launchpool event, because this project belongs to the underlying technology protocol, not an application layer product, the price of Omni that everyone is concerned about is closely related to the usage rate of Omni Network. The Omni coin itself can be distributed to the relayers of Rollup transactions as a payment mechanism, and it is also the network gas on EVM. In layman's terms, the more people use it, the more valuable it is, and vice versa, the coin price will be sluggish. According to the white paper, tokens will be released in stages, but the market will soon face the BTC halving and there will be unpredictable fluctuations. Therefore, you can use the coins obtained from mining to observe the market trends before deciding whether to mine, withdraw and sell or take a long-term approach.