Key Points
Binance has just announced Omni Network (OMNI) as its 52 Binance Launchpool project.
- Users will be able to stake their BNB and FDUSD into separate pools to farm OMNI tokens over four days.
- Binance will open trading with the following trading pairs: OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD, and OMNI/TRY.
In an official announcement, Binance revealed its 52 project on Binance Launchpool, Omni Network (OMNI).
This is a layer 1 blockchain designed to integrate Ethereum’s rollup ecosystem into one single, unified system. Binance notes that the project’s webpage is estimated to become available in five hours before the Launchpool starts.
According to Binance‘s announcement, users will be able to stake their BNB and FDUSD into separate pools to farm OMNI tokens over four days. Farming is set to start on April 13 at 00:00 (UTC).
Binance will then list OMNI on April 17 at 12:00 (UTC), and it will open trading with the following trading pairs: OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD, and OMNI/TRY.
The maximum token supply is 100M OMNI, and the initial circulating supply is 10.39% of the maximum token supply.
The Seed Tag will be applied to OMNI. The Seed Tag is applied to all the tokens that represent innovative projects and could exhibit higher volatility and risks compared to other listed tokens.
What is OMNI?
Omni is a blockchain purpose-built to connect all rollups securely through the use of restaking. On their official website, the team notes that the biggest existential threat facing Ethereum is the fragmentation caused by the rollups.
As they continue to gain adoption, Ethereum’s users and their capital are increasingly split into siloed ecosystems, and this is degrading the global network effects.
Omni promises to fix this by integrating all rollups into a cohesive, interoperable network. The network is secured by more than $1 billion in restaked ETH, and it’s powered by the token OMNI.
The other day, the project announced the OMNI Genesis Airdrop and the beginning of the project’s journey to decentralization with the introduction of the OMNI token that is set to power Ethereum‘s unified future.
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