Binance Launches Omni Network (OMNI) as Its 52nd Launchpool Project

Binance, the largest crypto exchange by trading volume, has announced Omni Network (OMNI) as its 52nd Launchpool project. Users can stake BNB and FDUSD to farm OMNI tokens over four days, starting from April 13. The token will be listed for trading on Binance on April 17 at around 12:00 (UTC) with five trading pairs, including OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD, and OMNI/TRY.

Binance Unveils Omni Network (OMNI) as its 52nd Launchpool Project

Binance, the preeminent cryptocurrency exchange globally by trading volume, has announced its latest Launchpool project: Omni Network (OMNI). This momentous announcement marks the 52nd project to be hosted on Binance's Launchpool platform.

About Omni Network (OMNI)

Omni Network (OMNI) is a cutting-edge Layer 1 blockchain conceived by Harvard graduates. Its innovative architecture empowers developers to seamlessly construct natively global applications that inherently leverage Ethereum's unparalleled liquidity and user base. The network's native utility token, OMNI, plays a pivotal role in fueling the platform's ecosystem.

Binance Invites Users to Farm OMNI Tokens

Binance's official announcement, released on April 12, formally introduced Omni Network (OMNI) as its 52nd Launchpool project. This announcement closely follows the launch of Saga Protocol (SAGA) as the 51st project on the platform.

Binance extends an invitation to its users to participate in the OMNI farming process by staking their BNB and FDUSD into designated pools. This farming opportunity commences on April 13 at approximately 13:00 (UTC) and continues for a duration of four days.

Users opting to stake their BNB will be eligible to earn rewards of up to 2,975,000 OMNI tokens, while the FDUSD pool offers 525,000 OMNI tokens in rewards. Collectively, the Launchpool token incentives amount to 3,500,000 OMNI, approximately 3.5% of the token's overall maximum supply.

Upcoming Binance Listing of OMNI

Binance has announced plans to list OMNI on its exchange on April 17 at around 12:00 (UTC) following the conclusion of the farming period. The token will debut with five trading pairs: OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD, and OMNI/TRY.

Binance's Cautionary Statement

Binance emphasizes that it will be the exclusive platform to list the OMNI token, with trading commencing at the specified time. The exchange cautions against deceptive advertisements claiming to offer the token for sale prior to the established timeline.

Token Details and Circulating Supply

OMNI has a maximum supply capped at 100,000,000 OMNI tokens. Upon its Binance listing, the token's initial circulating supply will stand at 10,391,492 OMNI, representing approximately 10.39% of its maximum supply.

Geographic Restrictions

It is important to note that users residing in certain prohibited countries, including the United States, Canada, Australia, New Zealand, and Japan, will not be permitted to engage in OMNI farming.

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