Binance, the world’s largest cryptocurrency exchange, continues to keep its finger on the pulse of the market with its Launchpool projects. In the latest development, the stock exchange announced that it has launched the 52nd Launchpool project. In this context, the exchange has launched new coin mining using BNB and FDUSD for Omni Network mining.
Binance chose Omni Network as its 52nd Launchpool project!
cryptokoin.comAs you follow from , Binance frequently comes to the fore with Launchpool projects. In the latest development, the stock exchange announced that it has chosen its 52nd project. In this context, the stock exchange announced that Launchpool has chosen Omni Network (OMNI) as its 52nd project. Users will be able to put their BNB and FDUSD into a separate pool and mine OMNI tokens within four days, starting on April 13 at 03:00 UTC. Binance will launch OMNI on April 17 at 15:00 ET. Additionally, it will open trading pairs OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD and OMNI/TRY. Meanwhile, the exchange stated that it will apply a seed label to OMNI in this process. Borsa announced its latest project with the following statements:
Dear Binance users! Binance is excited to announce the 52nd project in the Binance Launchpool with Omni Network (OMNI), a Layer-1 Blockchain designed to integrate Ethereum’s rollup ecosystem into a single, unified system. It is estimated that the web page will be available within 5 hours before Launchpool starts.
Exchange, 18 altcoin’I flexible loan program added
Meanwhile, the exchange made an update on crypto projects in its credit ecosystem. In this context, the exchange announced that it added an additional 18 altcoins to its flexible loan program. In this context, the exchange noted that it added the tokens in the following list to the Binance Flexible Credit ecosystem:
Aevo (AEVO), BakeryToken (BAKE), Beam (BEAMX), Ethena (ENA), Ether. fi (ETHFI), Hedera (HBAR), IOTA (IOTA), Jupiter (JUP), Kadena (KDA), ORDI (ORDI), Pepe Coin (PEPE), Pyth Network (PYTH), Synthetix (SNX), Celestia (TIA) ), VeChain (VET), dogwifhat (WIF), Xai (XAI) and eCash (XEC).
About Binance Flexible Credit system
Binance Flexible Loan is an isolated, over-collateralized, open-term loan product that allows users to take isolated loan positions with a different Loan-to-Value (LTV) ratio, margin call and liquidation levels. Each credit position must be overcollateralized. In other words, the value of the collateral pledged by the user is greater than the value of the digital assets given to the user.
Because Flexible Loans are open term, users can keep positions open indefinitely as long as the product supports the digital assets lent and collateralized and the relevant LTVs are not exceeded. The product uses users’ Simple Earn Flexible Product assets as collateral. Thus, providing smoother LTV management. Additionally, it reduces interest costs. While these assets are secured, they continue to earn Real-Time APR rewards.
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