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🚀 Pantera - Backed Ethereum re-staking rollup Omni Announced Airdrop Plan Reported by The Defiant, Ethereum re-staking rollup Omni Network announced its Genesis airdrop details, with 3% of its 100 million total supply geared for early adopters. Eligibility for the airdrop was determined according to a snapshot taken on April 3. Users will have 45 days to claim their OMNI tokens, which will launch as an ERC-20 token. Omni Network touts itself as a re-staking blockchain built to unite all rollups. Its airdrop has been designed to favor the staking and re-staking sector, with 13.3% of the 3 million tokens allocated going to restakers on EigenLayer – which saw a successful mainnet debut yesterday – and 10% to Beacon Chain Solo Stakers. However, eligibility will be restricted to the top 10,000 restakers on EigenLayer, and the top 5,000 stakers on Beacon Chain, with the latter to receive 600 OMNI tokens. According to the Omni Foundation, they became the first Actively Validated Service (AVS) to secure $1 billion in restaked ETH commitments from the industry’s leading liquid restaking protocols, such as Ether.Fi, Renzo, and Puffer. Omni’s airdrop is also leaning towards the NFT market, which has been gathering steam lately. More than 20% has been earmarked to four collections: Milady Maker, Redacted Remilio Babies, Pudgy Penguins, and Injective Ninjas. The Omni Network is backed by some big-name Web3 players, including Pantera Capital, Spartan Group, Jump Crypto, and Two Sigma. In April 2023, it secured $18 million in funding. #OMNI #BinanceLaunchpool #AIRDROP

🚀 Pantera - Backed Ethereum re-staking rollup Omni Announced Airdrop Plan

Reported by The Defiant, Ethereum re-staking rollup Omni Network announced its Genesis airdrop details, with 3% of its 100 million total supply geared for early adopters.

Eligibility for the airdrop was determined according to a snapshot taken on April 3. Users will have 45 days to claim their OMNI tokens, which will launch as an ERC-20 token.

Omni Network touts itself as a re-staking blockchain built to unite all rollups. Its airdrop has been designed to favor the staking and re-staking sector, with 13.3% of the 3 million tokens allocated going to restakers on EigenLayer – which saw a successful mainnet debut yesterday – and 10% to Beacon Chain Solo Stakers.

However, eligibility will be restricted to the top 10,000 restakers on EigenLayer, and the top 5,000 stakers on Beacon Chain, with the latter to receive 600 OMNI tokens.

According to the Omni Foundation, they became the first Actively Validated Service (AVS) to secure $1 billion in restaked ETH commitments from the industry’s leading liquid restaking protocols, such as Ether.Fi, Renzo, and Puffer.

Omni’s airdrop is also leaning towards the NFT market, which has been gathering steam lately. More than 20% has been earmarked to four collections: Milady Maker, Redacted Remilio Babies, Pudgy Penguins, and Injective Ninjas.

The Omni Network is backed by some big-name Web3 players, including Pantera Capital, Spartan Group, Jump Crypto, and Two Sigma. In April 2023, it secured $18 million in funding.

#OMNI #BinanceLaunchpool #AIRDROP

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📈 Ethereum Soars 20%, Lifting Arbitrum and Optimism Rumors of a potential approval of Ethereum spot ETFs have fueled a full day of gains for the Ethereum ecosystem, with the price of ETH skyrocketing 20% intraday to just shy of $3,700—trading at $3,687 at time of writing—and sister tokens Arbitrum (ARB) and Optimism (OP) both notching gains of 18% on Monday. The optimistic mood had already spread to other cryptocurrencies, including Solana (SOL) and Avalanche (AVAX), which are peaking above $40 and $188 respectively, as of this writing, representing more than 25% gains over the last seven days for both. The sudden rally to start the week was sparked moments after two Bloomberg ETF analysts—Eric Balchunas and James Seyffart—revealed their joint prediction that the Securities and Exchange Commission could approve Ethereum spot ETFs when its first major deadline comes later this week. Their updated odds were 75%, a huge upgrade from their prior estimate of 25%—which was already more pessimistic than other analysts who placed the chances at 50-50 earlier this year. 💬 Update: JSeyff and I are increasing our odds of spot Ether ETF approval to 75% (up from 25%), hearing chatter this afternoon that SEC could be doing a 180 on this (increasingly political issue), so now everyone scrambling (like us everyone else assumed they'd be denied). — Eric Balchunas Crypto oddsmakers are certainly shifting their views, with the collective probability of an Ethereum spot ETF approval by the end of the month leaping from 10% yesterday to 61% as of this writing. As with the long and meandering Bitcoin spot ETF approval process, the SEC has systematically delayed making a decision on the Ethereum equivalents. Hopes for approval have steadily dimmed, with fears peaking that this week's deadline would prompt the federal regulator to outright declare Ethereum a security, decisively separating it from the commodity status enjoyed by Bitcoin. $ARB $OP $ETH #ARB #OP #ETH
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📈 #Ethereum Price Pumps, But SEC Decisions Could Spoil the Party Ethereum’s price surged by 5.59% last week, reaching $3,089.25. However, it has experienced a modest decline of 0.56% in the past 24 hours. With a trading volume of $10.95 billion and a market capitalization of $371.1 billion, Ethereum’s market activity is attracting considerable attention. Technical analysis reveals that the Relative Strength Index (RSI) for Ethereum on the weekly chart sits at 55.47. This value indicates a market that is neither oversold nor overbought. Traders are therefore anticipating potential price movements in either direction. This balanced RSI suggests that the market could soon experience increased volatility. Furthermore, the Moving Average Convergence Divergence (MACD) indicator on the weekly chart stands at 233.9, suggesting a possible bullish trend reversal. Traders often seek confirmation from other indicators before making investment decisions. Consequently, this MACD signal adds to the anticipation of a potential upward price movement. The Know Sure Thing (KST) indicator on the weekly chart also presents a strong bullish signal, reading 622.9323. This suggests that Ethereum could be a potentially lucrative buy opportunity for some investors. Meanwhile, an additional layer of uncertainty is being injected into the market by the SEC. The SEC is scheduled to deliver critical rulings on several spot Ethereum ETFs this week. VanEck’s application is expected to be submitted by May 23, while ARK Invest and 21Shares will receive their decisions on May 24. A number of prominent investment firms, including BlackRock, Fidelity, Bitwise, Galaxy Digital, Franklin Templeton, and Hashdex, are anxiously awaiting the SEC’s decisions. However, industry observers predict that the SEC will likely reject these applications. This expectation stems from the agency’s limited engagement with ETF issuers thus far. The reasons behind the SEC’s anticipated decision remain unclear. Bitwise’s Matt Hougan suggests that a lack of sufficient data could be a factor. $ETH #ETH #ETF
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đŸ’„ Terra Luna Classic Community Passes Crucial Proposal, LUNC Price to Rally? Terra Luna Classic community passes proposal to appoint Allnodes for providing accurate circulating supply data to Binance, LUNC price to rally? Terra Luna Classic community has approved a proposal appointing Allnodes to provide accurate LUNC circulating supply data. The proposal aimed at changing the circulating supply API endpoint to Allnodes FCD, while developer Raider warned about the need to persuade Binance and CoinMarketCap to use a totally different API for total supply and circulating supply. 🔾 Allnodes To Handle Terra Luna Classic Circulating Supply Endpoint Proposal 12103 “Change official CS API endpoint to Allnodes FCD” was passed by the Terra Luna Classic community, with only 57% voter turnout. The proposal has received 53% “Yes” votes, along with 2% “No”, 12% “No with veto”, and 32% “Abstain” votes. Majority of validators including Interstellar Lounge, HappyCattyCrypto, Hexxagon, and StakeBin have voted in favor of the proposal, Allnodes and a few others voted “Abstain”. Top validator Allnodes will provide the endpoint. Furthermore, the proposal also seeks to get a consensus about the method of calculating the circulating supply. Allnodes will be required to update to the latest FCD version and implement the following calculation of circulating supply: Circulating Supply = Total Supply – unvested Tokens – Community Pool Holdings – Staked and bonded tokens. This will help any third-party website to refer Allnodes FCD API as the official information source for Terra Luna Classic circulating supply of LUNC, USTC, and other native tokens. This also lowers the risk of individuals changing circulating supply or total supply, without appropriate discussion and input. However, Raider revealed that the official LCD and FCD endpoints for supply calculation were rejected by CoinMarketCap and Binance asked to create an API consistent with the circulating supply definition of CoinMarketCap. $LUNC #LUNC #TERRALUNC
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