- Post-staking period, Binance will list OMNI tokens for trading, beginning April 17, with special attention to volatility.
- OMNI tokens tagged as ‘seed’ require users to pass educational quizzes every 90 days to understand associated risks.
Binance, a leading cryptocurrency exchange globally, is introducing support for a new blockchain project named Omni Network (OMNI) through its Launchpool platform. This feature on Binance enables users to stake existing cryptocurrencies to gain new digital assets as rewards.
Omni Network is designed to enhance Ethereum’s rollup ecosystem by integrating it into a unified network. This aims to facilitate smoother and more efficient communications between different Ethereum rollups, effectively presenting Ethereum as a cohesive operating system to users and developers alike.
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From April 13th to 17th, Binance customers have the option to stake Binance Coin (BNB) and the stablecoin First Digital USD (FDUSD) to earn OMNI tokens. Following this period, Binance plans to officially list the OMNI tokens for trading starting April 17th.
As part of risk management for new and potentially volatile tokens, OMNI will be assigned a “seed” tag by Binance. Tokens with this designation require holders to complete educational quizzes every 90 days to confirm their understanding of the associated trading risks.
Read more: Binance to discontinue support for Bitcoin NFTs, known as Bitcoin Ordinals, in its NFT marketplace on April 18
This initiative is part of Binance’s continuous efforts to foster innovation within the blockchain space. This introduction of the OMNI token follows closely after the support for Saga (SAGA), another blockchain project aimed at enabling developers to create interoperable, application-specific chains, or “Chainlets.”
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