Exciting Launch of Omni Network on Binance Launchpool: Staking, Rewards, and Trading Details
Binance Launches Omni Network on Binance Launchpool: Staking, Trading, and Rewards Await Users
Binance, one of the leading cryptocurrency exchanges, has made a significant announcement regarding the introduction of the 52nd project on Binance Launchpool – Omni Network (OMNI). Omni Network is a layer 1 blockchain that aims to bring together Ethereum’s rollup ecosystem into a cohesive unit. Excitement is building as Binance has confirmed that the webpage for the Launchpool will go live approximately five hours before the event begins.
The highlight of this announcement is that Binance will be the first platform to list the Omni Network token, with trading scheduled to commence on April 17, 2024, at 12:00 UTC. It is important for investors to note that any claims to sell the token before the scheduled date are not legitimate. Binance advises users to conduct thorough research to protect their investments.
Starting from April 13, 2024, at 00:00 UTC, users will have the opportunity to stake their BNB and FDUSD into designated pools to farm OMNI tokens over a span of four days. The Omni Network Launchpool will offer trading with multiple pairs including OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD, and OMNI/TRY. OMNI is labeled as a Seed Token for this launch.
A total of 3,500,000 OMNI tokens are up for grabs as rewards, which amounts to 3.5% of the maximum token supply. Binance has set staking terms that include an hourly hard cap per user to ensure fair distribution. Participants in the BNB pool can earn up to 3,098.95 OMNI, while those in the FDUSD pool can receive 546.87 OMNI.
The rewards are primarily distributed in the BNB pool, with 85% allocation, while the FDUSD pool offers the remaining 15%. Binance will provide real-time updates on each pool’s APY and total balance to ensure transparency. The platform has also made resources like the official website, whitepaper, blog, and Telegram channel available for users to access.
It is important to note that certain regions, including the USA, Canada, and Japan, among others, are restricted from participating in OMNI farming due to local regulations. Binance advises users to check for eligibility based on their location. Additionally, standard benefits associated with holding BNB will remain applicable to those staking in the Launchpool.
Overall, the launch of Omni Network on Binance Launchpool promises an exciting opportunity for users to stake, trade, and earn rewards. With careful research and adherence to the platform’s guidelines, investors can make the most of this new offering from Binance.
