Launchpool

Omni Network

April

Omni

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/binance-debuts-staking-for-omni-network-ahead-of-listing">Binance Debuts Staking for Omni Network Ahead of Listing</a><br></p>
<p style="text-align: justify">Binance, a leading cryptocurrency exchange, has recently announced that the Omni Network (OMNI) will be the latest project featured in its Launchpool. This initiative allows Binance users to stake their <a href="https://en.bitcoinhaber.net/bnb-chain-introduces-rewarding-airdrop-alliance-for-community-engagement">BNB</a> and FDUSD tokens to earn OMNI rewards prior to the network’s official listing on the platform.</p> 
<h2 id="staking-window-opens-for-binance-users">Staking Window Opens for Binance Users</h2> 
<p style="text-align: justify">Starting from April 13, 2024, Binance users will have the opportunity to begin staking their BNB and FDUSD tokens. This staking period will serve as a precursor to Omni Network’s listing scheduled for April 17, 2024. Binance is set to be the first exchange platform to introduce OMNI to the cryptocurrency market.</p> 
<h2 id="trading-pairs-and-launch-details">Trading Pairs and Launch Details</h2> 
<p style="text-align: justify">Upon listing, Binance will offer multiple trading pairs for OMNI, including OMNI/BTC, OMNI/<a href="https://en.bitcoinhaber.net/stablecoin-market-rallies-with-record-high-usdt-valuation">USDT</a>, OMNI/BNB, OMNI/FDUSD, and OMNI/TRY. The launchpool is designed to distribute 3,500,000 OMNI tokens, which accounts for 3.5% of the network’s maximum token supply. The initial circulating supply will be over 10 million OMNI, with <a href="https://en.bitcoinhaber.net/crypto-whale-expands-portfolio-with-major-ethereum-and-wrapped-bitcoin-investments">Ethereum</a> as the underlying smart contract platform. To participate in staking, Binance mandates a Know Your Customer (KYC) verification process.</p> 
<h2 id="launchpool-token-distribution">Launchpool Token Distribution</h2> 
<p style="text-align: justify">The reward structure for the Launchpool is heavily weighted towards BNB stakers, who will receive 85% (2,975,000 OMNI) of the rewards, while FDUSD stakers will obtain the remaining 15% (525,000 OMNI). The staking cap per user is set at 3,098.95 OMNI for BNB and 546.87 OMNI for FDUSD, calculated on an hourly basis.</p> 
<h2 id="implications-for-the-reader">Implications for the Reader</h2> 
<ul> 
 <li style="text-align: justify">Binance’s first exchange to list OMNI, highlighting a possible early mover advantage for interested investors.</li> 
 <li style="text-align: justify">Staking opportunity for BNB and FDUSD holders to acquire OMNI before the broader market, potentially at a more favorable rate.</li> 
 <li style="text-align: justify">KYC compliance ensures a secure staking process, aligning with regulatory standards.</li> 
</ul> 
<p style="text-align: justify">With the Omni Network set to join the ranks of cryptocurrencies traded on Binance, the Launchpool project presents users with a strategic opportunity to expand their portfolios and engage with new blockchain projects in a regulated and incentivized environment.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/binance-debuts-staking-for-omni-network-ahead-of-listing">Binance Debuts Staking for Omni Network Ahead of Listing</a></h5>

Binance Debuts Staking for Omni Network Ahead of Listing

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