- Binance has announced its 52nd Launchpool project.
- Users will farm the project’s native token over four days.
- The token will then be listed for trading on Binance.
The world’s largest crypto exchange by trading volume, Binance, has announced Omni Network (OMNI) as its 52nd Launchpool project.
Founded by Havard graduates, Omni Network (Omni) is a Layer 1 blockchain that allows developers to build natively global applications with access to Ethereum’s liquidity and users “by default.” The network’s native token is OMNI.
Users to Farm OMNI on Binance
According to an announcement dated April 12, Binance lined up Omni Network (OMNI) as its 52nd Launchpool project on Friday, a week after the launch of Saga Protocol (SAGA) as the 51st project.
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The exchange invited users to stake their BNB and FDUSD into separate pools to farm OMNI tokens over four days, starting from April 13 at around 13:00 (UTC).
Users in the BNB staking pool can win up to 2,975,000 OMNI in rewards, while the FDUSD pool will feature 525,000 OMNI in rewards. Cumulatively, the Launchpool token rewards will feature 3,500,000 OMNI, about 3.5% of the token’s maximum supply.
Binance said it will list OMNI on April 17 at around 12:00 (UTC) after farming ends. The token will launch with five trading pairs, including OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD, and OMNI/TRY.
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“Binance will be the first platform to list the token mentioned herein, with trade starting at 2024-04-17 12:00 (UTC). Any claims to offer this token for sale before the stated timeline are false advertising,” the exchange cautioned.
OMNI has a maximum supply of 100,000,000 OMNI. The token’s initial circulating supply after the Binance listing will be 10,391,492 OMN, equivalent to 10.39% of its maximum supply.
Per the statement, users residing in the U.S., Canada, Australia, New Zealand, and Japan, among other prohibited countries, will not be allowed to participate in OMNI farming.
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