Binance Launchpool debuts Omni Network (OMNI) Tokens

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Binance Launchpool Introduces Omni Network (OMNI) Tokens

Binance Launchpool brings Omni Network (OMNI) Tokens

Binance has recently announced the addition of Omni Network (OMNI) tokens to its Launchpool platform. This marks the 52nd project that Binance Launchpool has introduced. Omni Network is a revolutionary layer 1 blockchain designed to unify Ethereum’s rollup ecosystem into a singular system.

Users can now stake their BNB and FDUSD into different pools to farm OMNI tokens over a four-day period. The farming process is scheduled to begin on 13th April 2024 at 00:00 (UTC). Binance will then list OMNI on 17th April 2024 at 12:00 (UTC) with trading pairs OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD, and OMNI/TRY.

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Details About OMNI Launchpool

The maximum token supply of OMNI is 100,000,000. The Launchpool token rewards are set at 3,500,000 OMNI, which is 3.5% of the max token supply. The initial circulating supply is 10,391,492 OMNI, representing 10.39% of the max token supply. Staking terms require KYC approval, and there is an hourly hard cap per user for both BNB and FDUSD pools.

Stake BNB and FDUSD Pools

By staking BNB, users can receive an estimated reward of 2,975,000 OMNI (85%), while staking FDUSD can result in an estimated reward of 525,000 OMNI (15%). The farming period will run from 13th April 2024 at 00:00 (UTC) to 16th April 2024 at 23:59 (UTC).

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There are specific conditions that users must meet to participate in OMNI farming, including completing their account verification and being from an eligible jurisdiction. Please note that there is a list of excluded countries, subject to changes based on evolving local rules and regulations.

We always recommend users conduct their own research before investing in any token to ensure the safety of their funds. It’s important to note that Binance is the first and only platform to list OMNI tokens at this time, and any claims of offering this token for sale before the specified timeline should be considered false advertising.

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