Crypto exchange Binance announced today that its 52nd Launchpool project will be the altcoin Omni Network (OMNI). Binance users will be able to stake BNB and FDUSD to obtain OMNI. Let’s look into the details of this development.
Binance to List Omni Network (OMNI)
According to the announcement by Binance, the exchange will list Omni Network (OMNI) on April 17, 2024, at 15:00 Turkey time. Binance will be the first exchange to list OMNI.
There are certain steps Binance users need to take at this point. Accordingly, staking of BNB and FDUSD for users will start from April 13, 2024, at 03:00 Turkey time. Thus, users will be able to obtain the cryptocurrency before the OMNI listing.
Which Trading Pairs Will Be Available for Listing?
Binance will open trading for OMNI in the following pairs: OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD, and OMNI/TRY.
The details of the OMNI Launchpool are as follows:
- Token Name: Omni Network (OMNI)
- Maximum Token Supply: 100,000,000 OMNI
- Launchpool Token Rewards: 3,500,000 OMNI (3.5% of the maximum token supply)
- Initial Circulating Supply: 10,391,492 OMNI (10.39% of the maximum token supply)
- Smart Contract Details: Ethereum
- Staking Conditions: KYC required
- User Hourly Fixed Upper Limit:
- In the BNB pool, 3,098.95 OMNI.
- In the FDUSD pool, 546.87 OMNI.
85% of the rewards, which is 2,975,000 OMNI, will be distributed to those staking BNB, and 15%, which is 525,000 OMNI, will be distributed to those staking FDUSD. The farming period will be from April 13, 2024, at 03:00 Turkey time to April 17, 2024, at 02:59.
