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Cryptocurrency News Articles
Binance Announces Launch of Omni Network (OMNI) on Binance Launchpool
Apr 12, 2024 at 05:38 pm
Binance introduces its 52nd Launchpool project, Omni Network (OMNI), a blockchain intended to integrate Ethereum's rollup ecosystem. Users can stake BNB and FDUSD in dedicated pools to earn OMNI tokens from April 13th. Binance will list OMNI on April 17th, enabling trading against BTC, USDT, BNB, FDUSD, and TRY.
Binance Announces Launch of Omni Network (OMNI) on Binance Launchpool
Binance, the leading global cryptocurrency exchange, has announced the launch of its 52nd project on Binance Launchpool: Omni Network (OMNI). OMNI is a layer 1 blockchain designed to seamlessly integrate Ethereum's rollup ecosystem into a unified system, enhancing scalability and efficiency.
Binance Launchpool Details
The OMNI token farming event will commence on April 13, 2024, 00:00 (UTC) and conclude on April 16, 2024, 23:59 (UTC). During this period, participants can stake their BNB and FDUSD tokens into separate pools to earn OMNI rewards.
Binance has allocated a total of 3,500,000 OMNI tokens (3.5% of the maximum token supply) for distribution through Binance Launchpool. The following staking pools will be available:
- Stake BNB: 2,975,000 OMNI in rewards (85%)
- Stake FDUSD: 525,000 OMNI in rewards (15%)
Token Economics
The maximum token supply of OMNI is set at 100,000,000 OMNI, with an initial circulating supply of 10,391,492 OMNI (10.39% of the maximum token supply).
Listing on Binance
Following the conclusion of the farming event, Binance will list OMNI on April 17, 2024, 12:00 (UTC). Trading pairs will include OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD, and OMNI/TRY.
KYC and Hourly Hard Cap
Participation in the OMNI farming event requires KYC verification. Additionally, an hourly hard cap of 3,098.95 OMNI in the BNB pool and 546.87 OMNI in the FDUSD pool will be enforced to ensure fair distribution.
Other Binance News
Binance remains active in expanding its reach and offerings. Recent news highlights include:
- Binance Launchpool Announces Portal as 47th Project (February 21, 2024)
- Binance Continues to Increase Its Market Share (March 10, 2023)
- Binance Sets Up Blockchain Hub in Georgia (April 7, 2023)
- Binance Acquires Japanese Crypto Exchange Sakura Exchange BitCoin (December 5, 2022)
- Binance to Launch Operations in Japan (May 5, 2023)
- Binance and Royal Thai Police Unite to Dismantle Crypto Scam and Recover Over $270 Million (October 7, 2023)
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- Bybit's Bold Move: U.S. Stocks, ETFs, and the Tokenization Tidal Wave
- Oct 12, 2026 at 04:05 pm
- Bybit is expanding its platform to include over 1,000 U.S. stocks and ETFs, empowering users with direct equity exposure. This coincides with a broader market trend of tokenized securities and surging interest in crypto-backed ETFs, signaling a new era for integrated financial platforms.
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- Bybit Revolutionizes Trading: U.S. Stocks and ETFs Now Accessible Alongside Crypto, Ushering in a New Era for Global Investors
- Oct 12, 2026 at 04:05 pm
- Bybit expands its multi-asset platform, offering over 1,000 U.S. stocks and ETFs. This move merges traditional equities with digital assets, empowering users worldwide.
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- XRP Price Trend: Top Holder Insights Amidst Golden Cross Cautions
- Oct 12, 2026 at 04:05 pm
- Amidst a 'golden cross' signaling potential bullish long-term trends, a top 1% XRP holder urges investors to focus on long-term development over short-term price predictions, highlighting the need for patience and due diligence.
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- Ledger-Breach-Fallout Reaches EU Amidst Trillion-XRP-Exploit Patch & EU-SEO-Keywords for Crypto Security
- Oct 12, 2026 at 07:55 am
- A tampered Ledger device surfaces in Europe, raising concerns beyond Asia. Meanwhile, an XRP Ledger bug that could have created 18 trillion XRP has been patched, and Vitalik Buterin weighs in on AI-accelerated crypto risks, shaping EU-SEO-Keywords for security awareness.
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- Starknet Explores Bold Leap to Independent Layer 1 with 2027 Quantum-Resistance Target, Stirring Market Buzz
- Oct 12, 2026 at 07:45 am
- Starknet is eyeing a significant architectural shift, considering an independent Layer 1 blockchain with a quantum-resistance goal for 2027, a move that has ignited considerable market attention and STRK token price fluctuations.
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