Hey Folks, let's dive into OMNI Network - the 52th Project on #BinanceLaunchpool As always don't miss the Opportunity to 🚜 🔥
What is OMNI Network?
👉Omni Network is a Blockchain platform based on Cosmos SDK, secured by verifiers on Ethereum. This means that to ensure safety, Omni Network will use the ETH that Eigenlayer has staking. To put it simply, Omni Network combines the security of Ethereum with the flexibility and scalability of Cosmos.
👉The operating model of Omni Network can be understood as a Layer 1 platform, in which Blockchains built on Omni Network will be Rollup Chains. However, Omni Network operates differently from Ethereum and current Layer 2 solutions. The main difference is that Omni Network targets platforms built on Cross-rollup Applications.
👉Cross-rollup Applications can interact, transact and transmit information to each other easily, creating synchronization and connectivity in the Omni Network ecosystem. This also means that there is no need for cross-chain solutions to convert assets within the ecosystem of Cross-rollup Applications.
The Omni Protocol consists of two main parts:
🔥Omni EVM: This is an EVM implementation layer, capable of accepting transactions involving ETH.
🔥Omni Driver: This layer enables secure interaction and connects the Omni Validator with the ETH restaker, requiring them to participate in the consensus process.
KEY BENEFITS in my Opinion are:
🔥Broad Interoperability
🔥Connects Ethereum rollups for easy cross-rollup interactions.
🔥EVM Compatibility
🔥Familiar environment for Ethereum developers and users.
🔥Concentrated Liquidity
🔥Helps deploy dApps on multiple layers to centralize liquidity.
🔥Cross-Rollup Deployment
🔥Aggregates users and liquidity from all rollups, enhancing experiences.
🔥Investor Support
🔥Backed by notable investors, adding credibility and financial backing.
🔥ETH Restaking Feature
🔥Utilizes Eigenlayer for real-time Ethereum rollup data for dApps
Guys as always participating in #BinanceLaunchpool Projects is a Golden Opportunity in my Opinion. We all can see how the recent oner performed so far. I'm expecting very good ROI for OMNI as well!
Let's dive into the Utilities and Use Cases for the OMNI token
🔥Governance: OMNI token holders have voting rights on proposals that shape the future of the network. These proposals can address protocol upgrades, fee structures, and integrations with other blockchains.
🔥Staking: Users can stake their OMNI tokens to contribute to the security of the network and earn rewards in return. Staked OMNI, alongside restaked ETH, forms the foundation of the dual staking mechanism that safeguards the network.
🔥Transaction Fees: OMNI tokens are the primary currency used to pay transaction fees on the Omni Network. This simplifies user experience by eliminating the need for multiple tokens across different rollups.
🔥Gas Abstraction: OMNI tokens facilitate gas abstraction, a core feature of the network. Users can pay transaction fees on any rollup within the network, regardless of the location of their funds. OMNI acts as the universal fuel for transactions across the entire Omni Network.
Also it's important that OMNI Network announced Genesis Airdrop for early community members and partners. You can read more about it here:
👉https://news.omni.network/the-omni-genesis-airdrop/
OMNI Launchpool Details:
👉Token Name: Omni Network (OMNI)
👉Max Token Supply: 100,000,000 OMNI
👉Launchpool Token Rewards: 3,500,000 OMNI (3.5% of max token supply)
👉Initial Circulating Supply: 10,391,492 OMNI (10.39% of max token supply)
👉Smart Contract Details: Ethereum
👉Staking Terms: KYC required
👉Hourly Hard Cap per User:
🔥3,098.95 OMNI in BNB pool
🔥546.87 OMNI in FDUSD pool
💪Stake $BNB and farm Omni:
https://launchpad.binance.com/en/launchpool/OMNI_BNB
💪Stake $FDUSD and farm Omni:
https://launchpad.binance.com/en/launchpool/OMNI_FDUSD
HAPPY FARMING 🔥
#OMNILAUNCHPOOL