BinanceBinance Launchpool announced the 52nd project on the Omni Network, allowing users to stake BNB and FDUSD for OMNI tokens.
cryptocurrency According to exchange Binance’s announcement regarding the 52nd project on the Binance Launchpool Omni Network (OMNI), it is now possible to stake BNB and FDUSD for four days to obtain OMNI tokens.
Farming activity will start at 12:00 UTC on April 13 and will end at 11:59 UTC on April 16. The exchange aims to list the OMNI token at twelve pm UTC on April 17, allowing trading pairs of USDT, BNB, FDUSD and TRY. The initial circulating supply of OMNI tokens accounts for 10.39% of the total supply of 100 million tokens. As Binance Launchpool incentives, Omni Network allocates 3.5% of the total token supply.
OMNI Token
As we reported as Koinfinans.com, the purpose of the layer 1 blockchain known as Omni Network is, Ethereum is to unify the rollup ecosystem on it. Using it, programmers can take advantage of Ethereum’s liquidity when creating applications that can be used worldwide.
On the Omni Network, the native token is OMNI and serves as a medium of exchange for gas, as well as a means of governance, staking, and transaction processing. The ability of the token to be converted into a gas resource makes it very important for the Ethereum rollup ecosystem as it facilitates transactions across all Ethereum rollups. Thanks to the project’s gas market, gas payments can now be made more easily in all rollups.
Omni Network’s two private token sales in 2022 brought in approximately $18.1 million. Sales in the Seed Round accounted for 9.1% of the total token supply, with each OMNI token sold for $0.18. In the Series A round, sales rose to $1.50 per token, or 11% of the total supply. Twenty-one percent of the OMNI token supply was sold in private rounds.
Omni Network announced that it will begin its Genesis airdrop. Omni Network retroactively determined eligibility for the airdrop on April 3, allowing users to claim their rewards within a 45-day period.
