Top global cryptocurrency exchange Binance is set to introduce trading support for a new layer-1 altcoin project through its Launchpool platform.
Binance Launchpool allows users to stake coins for farming new assets, with its upcoming 52nd project being Omni Network (OMNI). This network aims to unify Ethereum’s (ETH) rollup ecosystem into a cohesive network.
The Omni project is described as an Ethereum-native interoperability protocol facilitating low-latency communication among all Ethereum rollups. It offers a secure, high-performance, and globally compatible framework, presenting Ethereum as a unified operating system for users and developers.
From April 13th to 17th, Binance users can stake BNB and the stablecoin First Digital USD (FDUSD) in separate pools to earn OMNI tokens. The asset is scheduled to be listed on April 17th, with Binance applying a seed tag to OMNI due to its potentially higher volatility compared to other tokens.
Users holding assets with seed tags must pass quizzes every 90 days to ensure understanding of associated risks before trading these tokens.
Recently, Binance Launchpool initiated support for Saga (SAGA), a layer-1 project facilitating the launch of interoperable, application-specific chains known as “Chainlets.”
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