Following four days of farming, Omni Network's native token, OMNI, will be launched on Binance on April 17.
Omni Network (OMNI) has been announced as the 52nd Launchpool project by Binance, the largest cryptocurrency exchange in the world based on trade volume.
The native coin of the network is OMNI. Omni Network (Omni), founded by Harvard grads, is a Layer 1 blockchain that enables developers to create natively global applications with access to Ethereum's liquidity and users "by default."
Users on Binance to Farm OMNI
Omni Network (OMNI) was selected by Binance as its 52nd Launchpool project on Friday, one week after Saga Protocol (SAGA) was introduced as the 51st project, per a statement dated April 12.
Starting on April 13 at approximately 13:00 (UTC), customers were asked by the exchange to stake their BNB and FDUSD into distinct pools in order to farm OMNI tokens over a four-day period.
While the FDUSD pool will offer 525,000 OMNI in incentives, users in the BNB staking pool have the potential to win up to 2,975,000 OMNI. Approximately 3.5% of the total token supply, or 3,500,000 OMNI, will be awarded as part of the Launchpool token awards.
After farming concludes on April 17 at roughly 12:00 (UTC), Binance announced that it will list OMNI.
The coin described here will be listed on Binance as soon as possible, and trading will begin on April 17, 2024, at 12:00 (UTC). The exchange issued a warning, saying, "Any claims to offer this token for sale before the stated timeline are false advertising."
There is a 100,000,000 OMNI maximum supply of OMNI. Following the Binance listing, the token's initial circulating supply will be 10,391,492 OMN, or 10.39% of its maximum supply.
Users that live in the United States, Canada, Australia, New Zealand, Japan, and other countries that are restricted are not permitted to engage in OMNI farming, according to the statement.
April 2024, Cryptoniteuae