Omni Network (OMNI) Debuts on Binance Launchpool as 52nd Project

Omni Networkโ€™s native token OMNI will be listed on Binance on April 17 after four days of farming.

Omni Network (OMNI) robot standing next to his pool on Binance land.
Created by Kornelija Poderskytฤ— from DailyCoin
  • Binance has announced its 52nd Launchpool project.
  • Users will farm the projectโ€™s native token over four days.
  • The token will then be listed for trading on Binance.

The worldโ€™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 Ethereumโ€™s liquidity and users โ€œby default.โ€ The networkโ€™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.

Sponsored

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 tokenโ€™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.

โ€œBinance 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,โ€ the exchange cautioned.

OMNI has a maximum supply of 100,000,000 OMNI. The tokenโ€™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.

Read about Binanceโ€™s plan to initiate a โ€œsymbolicโ€ operational shift:
Binance Hunts for Global HQ in Symbolic Operational Shift

Stay updated on how Binance defended its exec detained in Nigeria:
Binance Defends Detained Exec in Ongoing Talks with Nigeria

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Brian Danga

Brian Danga is a crypto reporter at DailyCoin covering breaking news. Brian has minor holdings in Bitcoin and Ethereum.

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