Binance has announced its 52nd project on Binance Launchpool – OMNI Network, a layer 1 blockchain designed to integrate Ethereum’s rollup ecosystem into a single, unified system. With Omni, developers can create universally accessible applications that tap into Ethereum’s full liquidity and user base as a standard feature. Explore the Omni Network on Binance Launchpool and learn more about the Omni network airdrop by delving deeper into this article.
What is Omni Network?
Omni Network (OMNI) is a layer 1 blockchain designed to integrate Ethereum’s rollup ecosystem into a unified system. Developers can build global applications accessing Ethereum’s liquidity and users seamlessly. The OMNI token plays key roles:
- Used as payment for relayers submitting transactions to rollups.
- Functions as gas for processing transactions on the Omni EVM.
- Grants governance rights for protocol decisions and staking for network security. Omni’s primary components include external rollups, validator nodes using CometBFT consensus, and relayers transmitting cross-rollup messages. In summary, Omni Network enhances Ethereum’s scalability and functionality for decentralized applications.
Read more: Omni Network Price Prediction: OMNI Explain and Forecast
Details about the OMNI Farming campaign on Binance Launchpool
Binance Launchpool offers an exciting opportunity to get Omni Network – the 52nd project on Launchpool before listing OMNI on the exchange. Here’s how you can participate:
- Verify your Binance account: Make sure you have verified your account to be eligible to stake in the launchpools. Don’t have a Binance account yet? Register here
- Stake your BNB / FDUSD in the pools: Earn OMNI tokens by staking your current holdings of BNB or FDUSD on Binance Launchpool.
- Claim your rewards and trade: Once the farming duration ends, you need to claim all your rewards in OMNI tokens (you can claim the rewards at any time), and then get ready for the token listing at 2024-04-17 12:00 (UTC) and open trading with OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD and OMNI/TRY trading pairs
OMNI Launchpool Details
- Token Name: Omni Network (OMNI)
- Max Token Supply: 100,000,000 OMNI
- Launchpool Token Rewards: 3,500,000 OMNI (3.5% of max token supply)
- Initial Circulating Supply: 10,391,492 OMNI (10.39% of max token supply)
- Smart Contract Details: Ethereum
- Staking Terms: KYC required
- Hourly Hard Cap per User:
- 3,098.95 OMNI in BNB pool
- 546.87 OMNI in FDUSD pool
Supported Pools:
- Stake BNB (webpage will be available in around 5 hours): 2,975,000 OMNI in rewards (85%)
- Stake FDUSD (webpage will be available in around 5 hours): 525,000 OMNI in rewards (15%)
- Farming Period: 2024-04-13 00:00 (UTC) to 2024-04-16 23:59 (UTC).
OMNI Farming Accumulation
| Dates (00:00:00 – 23:59:59 UTC each day) | Total Daily Rewards (OMNI) | BNB Pool Daily Rewards (OMNI) | FDUSD Pool Daily Rewards OMNI) |
| 2024-04-13 – 2024-04-16 | 875,000 | 743,750 | 131,250 |
Currently, users residing in the following countries or regions will not be able to participate in farming OMNI: Australia, Canada, Cuba, Crimea Region, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, United States of America, and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine
- User balances and total pool balances will be snapshot multiple times each hour to calculate users’ hourly average balances and rewards.
- Hourly rewards will be updated and can be accumulated by users, who can claim them directly to their spot accounts at any time.
- Each pool’s APY and total balance are updated in real-time.
- Tokens can only be staked in one pool at a time; users cannot stake the same token in multiple pools simultaneously.
- Users can split their tokens across different pools (e.g., allocating 50% to Pool A and 50% to Pool B).
- Users can unstake their funds instantly with no delay and participate in other available pools immediately.
- Tokens staked in each pool and unclaimed rewards are automatically transferred to users’ spot accounts at the end of each farming period.
- Binance BNB Vault and Locked Products support Launchpool participation; staked BNB holders automatically join and receive new token rewards.
- If multiple Launchpool projects are active concurrently, users’ BNB assets in BNB Vault and Locked Products are evenly split across projects by default.
- BNB assets collateralizing Binance Loans (Flexible Rate) do not qualify for Launchpool rewards.
- Staking BNB in Launchpool retains standard benefits, including airdrops, Launchpad eligibility, and VIP benefits.
How to claim the OMNI Community Genesis Drop
On April 11th, the Omni Foundation announced the details for the $OMNI Genesis airdrop program. This event is instrumental in rewarding the Omni community and its partners across the Ethereum ecosystem.
Connect your wallet to reveal your OMNI reward by clicking here.
1. Omni Community: 1,500,000 $OMNI (50% of Genesis airdrop)
- Reserved for early testnet users, builders, and key participants within the Omni community.
Eligibility is based on the number of Galxe OATs minted from previous testnet activities.
2. EigenLayer Restakers: 400,000 $OMNI (13.3% of Genesis airdrop)
- Top 10,000 restakers eligible based on restaked $ETH points data from EigenLayer.
3. Beacon Chain Solo Stakers: 300,000 $OMNI (10% of Genesis airdrop)
- Addresses identified as Beacon Chain solo stakers are eligible for rewards.
Rewards are issued on a first-come-first-served basis for the first 5,000 claimants.
4. Milady Maker & Redacted Remilio Babies NFT Holders: 380,000 $OMNI (12.7% of Genesis airdrop)
- Eligibility for holders of specific NFT collections related to the Remilia community.
5. Pudgy Penguin NFT Holders: 170,000 $OMNI (5.7% of Genesis airdrop)
Eligibility for holders of Pudgy Penguin NFTs, acknowledging the project’s impact on the Ethereum NFT ecosystem.
6. The Ninjas NFT Holders: 75,000 $OMNI (2.5% of Genesis airdrop)
Eligibility for holders of Ninja NFTs within the Injective protocol community.
7. Strategic Partner Protocols: 175,000 $OMNI (5.8% of Genesis airdrop)
Reserved for organizations of 25 protocols that partnered with Omni and contributed to its growth.
Users have 45 days to claim their $OMNI rewards, and unclaimed tokens will be used for future community initiatives by the Omni Foundation. Eligibility and claim details will be communicated through Omni Network’s official channels.
Conclusion
In conclusion, we hope you participated and became one of the eligible winners to receive the OMNI token before its listing on Binance in the Genesis Airdrop. Congratulations if you are selected! The Binance Launchpool offers your last opportunity to acquire OMNI before it is listed on Binance on April 17, 2024, at 12:00 (UTC). Therefore you should maximize your participation in the launchpool and optimize your farming of the OMNI token to achieve the highest possible rewards!
