The new OMNI crypto lands on Binance
The highly anticipated launch of the new OMNI crypto from the Omni Network project on Binance is causing some confusion among investors and speculators. The exchange has made it clear that any claims to offer the token for sale before the official listing on Wednesday, April 17, 2024, are misleading.
The issue stems from the fact that there is already a token with the same name, OMNI, listed on crypto markets. The old OMNI by Omni Layer, a layer-2 on Bitcoin, has been around since 2013 and is not to be confused with the new OMNI by Omni Network, a token on Ethereum intended to become the native cryptocurrency of the layer-1 of Omni Network.
Despite the differences in projects, the similarity in names has led some investors to mistakenly buy the old OMNI token, causing its price to surge in recent months. However, with the official launch of the new OMNI on Binance, the price of the old token could see a significant drop.
The launch on Binance’s Launchpool has also raised questions about the initial price of the new OMNI token. With a limited supply of tokens distributed through the Launchpool, some speculate that the individual token price could reach around $50. However, the actual price will depend on market demand and supply dynamics.
As anticipation builds for the listing on Binance, investors are advised to do their research and exercise caution to ensure the safety of their funds. The crypto markets have seen fluctuations in recent days, and the outcome of the new OMNI launch remains uncertain. Stay tuned for updates on this developing story.
