Binance Launchpool to Support Omni Network (OMNI) Trading: Stake BNB and FDUSD to Farm Tokens
Binance Launchpool to Support Omni Network (OMNI) Trading, Users Can Stake BNB and FDUSD to Farm Tokens
Top global crypto exchange Binance is gearing up to launch trading support for another new layer-1 altcoin project via its Launchpool platform. The 52nd project to be featured on Binance Launchpool will be Omni Network (OMNI), a network that aims to integrate Ethereum’s rollup ecosystem into a unified network.
Omni is described as an Ethereum-native interoperability protocol that facilitates low-latency communications between all Ethereum rollups. The project offers a secure, performant, and globally compatible architecture that presents Ethereum as a single, unified operating system to users and developers.
Starting from April 13th to 17th, Binance users will have the opportunity to stake BNB, the platform’s native asset, as well as the stablecoin First Digital USD (FDUSD) into separate pools to farm OMNI tokens. The exchange plans to list the OMNI asset on April 17th, with a seed tag attached to it. Seed tags are applied to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens.
Users who own assets with seed tags will be required to pass quizzes every 90 days to ensure they are aware of the risks associated with trading the tokens. Last week, Binance Launchpool introduced support for Saga (SAGA), a layer-1 project that enables developers to launch interoperable, application-specific chains called “Chainlets.”
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