Binance has recently announced the addition of Omni Network (OMNI) tokens to its Launchpool platform, marking the 52nd project introduced on the platform. The Omni Network is a layer 1 blockchain designed to unify Ethereum’s rollup ecosystem into a single system.
Users have the opportunity to stake their BNB and FDUSD into various pools to farm OMNI tokens over a four-day period. The farming process is set to commence on April 13, 2024, at 00:00 (UTC). Following the farming period, Binance will list OMNI tokens on April 17, 2024, at 12:00 (UTC), and trading pairs will include OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD, and OMNI/TRY.
Here are some details about the OMNI Launchpool:
- The maximum token supply of OMNI is 100,000,000.
- The Launchpool token rewards are set at 3,500,000 OMNI, which accounts for 3.5% of the max token supply.
- The initial circulating supply is 10,391,492 OMNI, which represents 10.39% of the max token supply.
- Staking terms require KYC approval, and the hourly hard cap per user is 3,098.95 OMNI in the BNB pool and 546.87 OMNI in the FDUSD pool.
Users can stake in the BNB pool, with an estimated reward of 2,975,000 OMNI (85%), and the FDUSD pool, with an estimated reward of 525,000 OMNI (15%). The farming period will run from April 13, 2024, at 00:00 (UTC) to April 16, 2024, at 23:59 (UTC).
To participate in OMNI farming, users must complete their account verification and be from an eligible jurisdiction. A list of excluded countries is provided and may change due to evolving local regulations.
Users are encouraged to 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 sole platform listing OMNI tokens at this time, and any claims offering the token for sale before the specified timeline are considered false advertising.
