Binance Announces the Altcoin It Chose for the 52nd Launchpool Project! BNB Mobilized After the Announcement!

Binance, one of the world’s leading cryptocurrency exchanges, announced that the latest project added to Binance Launchpool is Omni Network (OMNI).

Binance Launches Omni Network (OMNI) on Launchpool

OMNI is a layer 1 blockchain that aims to seamlessly integrate Ethereum’s rollup ecosystem into a unified system.

During the four-day farming period, users will have the opportunity to stake Binance Coin (BNB) and stablecoin FDUSD in separate pools to obtain OMNI tokens. Farming activity will start at 03:00 on April 13, 2024.

After the farming phase, Binance will officially list OMNI tokens on April 17, 2024 at 15:00.

Trading pairs for OMNI will include OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD and OMNI/TRY.

Here are the Basic Details of Omni Network Launchpool:

Token Name: Omni Network (OMNI)

Maximum Token Supply: 100,000,000 OMNI

Launchpool Token Rewards: 3,500,000 OMNI (3.5% of maximum token supply)

Initial Circulating Supply: 10,391,492 OMNI (10.39% of maximum token supply)

Smart Contract Details: Ethereum

Staking Conditions: KYC required

Fixed Upper Limit per User Hour:

OMNI in pool of 3,098.95 BNB

OMNI in pool of 546.87 FDUSD

Supported Repositories:

Stake BNB: 85% of rewards (2,975,000 OMNI)

FDUSD Share: 15% of Rewards (525,000 OMNI)

Farming Period: 13 April 2024, 03:00 – 16 April 2024, 02:59

During the farming period, snapshots of user balances and total pool balances will be taken several times every hour to calculate users’ hourly average balances and then calculate their rewards.

These rewards will be updated hourly and can be claimed directly to users’ spot accounts at any time.

See also  NoOnes Helping Nigeria After Binance Exit

*This is not investment advice.

Source link