What Is Omni Network (OMNI) Coin: Something You Need Know About It

Omni Network (OMNI) is the 52nd Launchpool project of Binance. The project is a groundbreaking cross-over Rollup protocol for Ethereum that aims to improve user interaction by securely connecting all Rollups using remortgages, expand market access and consolidate liquidity across the Layer 2 ecosystem. Rollups is Ethereum’s current and future scaling solution.

Then, in this article, we will explore what the Omni Network and OMNI coin are, and analyze whether OMNI coin is a good investment.

BTCC, one of the longest-running crypto exchanges in the world,  supports trading for 300+ cryptocurrencies with a leverage ranging from 1Χ to 500Χ. If you want to start trading cryptocurrencies, you can start by signing up for BTCC.

Table of Contents

What is the Omni Network?

How does Omni Network Work?

What is OMNI Token?

OMNI Tokenomics

Omni Network (OMNI) Price Analysis

What Factors Impact the Price of Omni Network?

Omni Network (OMNI) Price Prediction

Is Omni Network (OMNI) a Good Investment in 2024?

How to Buy OMNI Coin?

What is the Omni Network?

The biggest existential threat to Ethereum is fragmentation caused by Rollup. As Rollup continues to grow in popularity, Ethereum’s users and their capital are increasingly dispersed into isolated ecosystems, reducing the global network effect. While Omni Network solves this problem by consolidating all Rollups into a cohesive, interoperable network.

Omni Network is Ethereum’s integrated rollup and Layer 1 blockchain designed to enhance Ethereum cross-rollup interoperability. It allows developers to integrate the Omni network into their dApps without any changes to the code and send cross-rollup messages through the network. In short, the Omni Network combines the security of Ethereum with the flexibility and scalability of Cosmos.

The Omni Network’s operating model can be considered as a Layer 1 platform, where the blockchain built on the Omni Network is the Rollup Chains. However, the Omni Network operates differently from Ethereum and current Layer 2 solutions. The main difference is that the Omni Network’s target platform is built around cross-rollup applications.

Cross-rollup applications can easily interact with each other, process and transmit messages, thus creating synchronization and connectivity within the Omni Network ecosystem. This also means that cross-chain solutions are not required to transform assets within the cross-rollup application ecosystem.

Overall, the Omni Network aims to be the “Ethereum interoperability infrastructure,” providing interoperability for Rollup networks such as Optimism, Arbitrum, zkSync, and Starkware to become the core infrastructure for all Rollup networks and modular applications on Ethereum, enabling a seamless and secure cross-Rollup user experience.

OMNI USDT-margined perpetual futures contracts with a leverage of up to 50x are now available on BTCC platform. If you are interested, click the button below to enter OMNI trading page⇓

How does Omni Network Work?

Omni Network will be operated by the Ethereum network’s restakes, acting as a verifier to ensure security.

By using Tendermint’s consensus mechanism and the flexibility of the Cosmos SDK, Omni Network validator can confirm the Rollup’s status faster than Layer 1, making Omni a fast information transfer layer for other Rollup or Layer 1. Omni is EVM-compatible, allowing developers to build applications across multiple chains using Solidity and EVM, and Omni’s execution layer is compatible with EVM supported by Evmos Ethermint.

The following sets forth the key features of Omni Network:

• Benefits for Developers and Users: the unified environment fostered by Omni Network unlocks a treasure trove of advantages for both developers and users:
• Unified Applications: developers can design dApps that operate seamlessly across the entire Ethereum rollup landscape, eliminating the need for separate versions for each rollup.
• Upgraded Assets: token issuers can enhance their tokens by granting them access to the global liquidity and application integrations available across all rollups.
• Expanded Applications: existing applications can expand their reach beyond a single rollup’s user base and liquidity, without requiring code modifications.
• Innovation for Developers: Omni unlocks a new frontier for developers, empowering them to create a new generation of global applications that tap into the full potential of the Ethereum rollup ecosystem.
• Seamless User Experience: with gas abstraction, users no longer need to hold native tokens for each network they interact with. They can pay fees with a single token, simplifying cross-chain transactions.

Click the button below to enter the Omni Network trading page⇓

What is OMNI Token?

Cryptocurrency	Omni Network
Token	OMNI6
Price	$ 8.4020 -0.22%
Rank	421
Market Cap	$ 87.3M
24H Trading Volume	$ 52.9M
All-time High	$ 35.9951
All-time Low	$ 5.9893
24 High	$ 8.8510
24 Low	$ 7.9353
Cycle High	$ 10.5055 / 2024-10-15 08:30:00
Cycle Low	$ 5.9893 / 2024-08-05 11:35:00
Update Time	2024-11-23 09:16:02

The OMNI token is an ERC-20 token launched on Ethereum L1.  As the native token of Omni Network, OMNI token plays the following significant roles in the protocol:

• Universal Gas Resource: OMNI is used as the payment mechanism to compensate relayers submitting transactions to destination rollups.
• Gas for Omni EVM: OMNI is the native currency for processing transactions on the Omni EVM.
• Network Governance: OMNI stakeholders will be responsible for various governance decisions such as protocol upgrades and additional developer features.
• Staking: The Omni protocol implements a dual staking model for economic security. Security is a function of the combined value of staked OMNI and restaked ETH.

OMNI Tokenomics

According to the Omni Network’s tokenomics published by Binance, the total supply of OMNI tokens is capped at 100 million and the initial circulation is 10,391,492 (accounting 10.39% of the total number of tokens).

The initial distribution of OMNI token is as follows:

• Private Sale Investors: 20.06%
• Public Launch Allocation: 5.77%
• Binance Launchpool: 3.50%
• Team: 25.25% (with a vesting schedule)
• Advisors: 3.25% (with a vesting schedule)
• Ecosystem Fund: 29.50%
• Community Fund: 12.67%

Notably, to mark the token launch, the Omni Foundation announced the OMNI Genesis airdrop which will recognize the efforts of users who have contributed to the platform.

Click the button below to enter the Omni Network trading page⇓

Omni Network (OMNI) Price Analysis

According to the announcement from Binance on April 12, Omni Network (OMNI) was debut as Binance’s 52nd Launchpool project.

Omni’s unique approach to Ethereum Rollups interoperability will soon be available to all users and developers. The Omni Labs team recently deployed its final test network, Omni Omega.

In the second quarter, Omni was the first AVS to launch on the mainnet, bringing secure, high-performance interoperability solutions to Ethereum’s decentralized Rollup environment. Just as Rollups was established as the core infrastructure for transaction processing, Omni is expected to become the standard for interoperability within the Ethereum ecosystem.

As of writing the article, Omni Network (OMNI) is traded at  $ 8.4020, boasting a market cap of $ 87.3M, and witnessing a hefty 24-hour trading volume of $ 52.9M. Omni Network (OMNI) saw a 24-hour change of  -0.22%, with minor fluctuations of  1.41% in the past hour.

The following sets forth the OMNI to USD Price Chart.

Omni Network Chart

For more information about OMNI coin, please visit BTCC OMNI quote page.

What Factors Impact the Price of Omni Network?

As a kind of digital asset, there are a number of variables in the cryptocurrency market that can drive the price of Omni Network upwards or downwards. Here is breakdowns about factors influencing Omni Network (OMNI)’s price trend:

• Market sentiment: Bullish sentiment often results in price increases, while bearish sentiment can lead to price drops.
• Adoption: Whether the demand for more OMNI increases or decreases depends greatly on growing adoption. Wider adoption of Omni Network by businesses and individuals could drive the price up.
• Regulations: Government regulations around cryptocurrency can significantly exert profound influence on the price of cryptos, including OMNI token.
• Omni Network Development: Improvements or updates to the Omni Network protocol could add its value.
• Tokenomics and vesting schedule: Strategic token distribution and allocation discourage immediate selling pressure and incentivize holding. A controlled release schedule (vesting) also prevents a price crash by slowly introducing tokens into the market.

Omni Network (OMNI) Price Prediction

The crypto market’s volatility demands a forward-looking approach, allowing investors to anticipate potential price movements and position themselves strategically. Therefore, before deciding whether Omni Network (OMNI) is a good investment, predicting the future prices of Omni Network is crucial for investors to make informed decisions.

Omni Network (OMNI) Price Prediction 2024

As for Omni Network (OMNI) price prediction for 2024, based on current market conditions, a meticulous examination reveals intriguing forecasts. Market indicators suggest that Omni Network is predicted to be traded within the range of $7.34 on the lower end and $11.01 on the high end by the end of year 2024. The anticipated average cost is positioned around $9.18 for the entirety of 2024, offering investors valuable insights into potential future trends.

Here are the possible price changes we expect for $OMNI in the next half month:

Omni Network (OMNI) Price Prediction 2025

In terms of Omni Network (OMNI) price prediction for 2025, the maximum price level of  Omni Network (OMNI) is predicted to be  $ 12.7162. Under a bearish circumstance, Omni Network (OMNI) is projected to drop to a lowest level of $ 7.5564. Consequently, the average forecast for Omni Network’s price in 2025 stands at an encouraging $ 11.3379, reflecting a dynamic trajectory in the crypto market.

Omni Network (OMNI) Price Prediction 2030

As for long-term price prediction for 2030 on Omni Network, the outlook for Omni Network in 2030 remains intriguing. It is currently projected that the Omni Network would be traded within a range of $ 9.8847 to $ 18.5749 during the year, with an expected average cost of approximately $ 16.4479.

Omni Network (OMNI) Price Prediction 2050

Omni Network is predicted to be traded within the range of $ 30.2536 on the lower end and $ 54.2479 on the high end by the end of year 2050. The anticipated average cost is positioned around $ 50.1887 for the entirety of 2027, offering investors valuable insights into potential future trends.

There is large uncertainty about the future price of $OMNI, as the cryptocurrency market changes rapidly. With this in mind, we have made both more bullish and more bearish forecasts for $OMNI based on a variety of different scenarios.

Potential Highs & Lows of Omni Network

Here are our projected highs and lows for Omni Network from 2025 to 2050:

Click the button below to enter the Omni Network trading page⇓

Is Omni Network (OMNI) a Good Investment in 2024?

As a relatively new coin emerged in crypto market, OMNI token has shown massive growth potential. As the Omni Network continues to push the boundaries of Ethereum-native interoperability, embedding itself as a key player in the blockchain evolution, it opens up unprecedented opportunities for investors and developers alike. Despite the large fluctuation of this coin, investors are still very optimistic about its future outlook, believing Omni Network (OMNI) would emerge as a good investment option in 2024.

However, it is necessary to keep in mind that Omni Network being a new project does not mean it would outperform other assets this cycle. Though it has the potential, the possibility also depends on other factors like demand for the token, liquidity, its market cap, etc. As any investor carries both opportunities and risks, investors are advised to pay close attention to market dynamics and make cautious decisions.

How to Buy OMNI Coin?

On April 17 at 12:00 (UTC), Binance, the largest crypto exchange in the world, listed OMNI and started trading for the cryptocurrency with the following pairs: OMNI/BTC, OMNI/USDT, OMNI/BNB, OMNI/FDUSD and OMNI/TRY.

Currently,OMNI USDT-margined perpetual futures contracts with a leverage of up to 50x are now available on BTCC platform. The following sets forth the guidance for trading OMNI USDT-margined perpetual futures contracts on cryptocurrency exchange BTCC:

Step One: go to the BTCC homepage and log in to your BTCC account. If you do not have an account, you need to register first.

Step Two: on the BTCC official homepage, choose “Deposit”, and then fund your account with your preferred method(Fiat Deposit, Crypto Deposit or Coversion ).

Step Three: go back to the BTCC official homepage, choose “Futures” -“USDT-M Perpetual Futures Contract”, and find OMNI trading pair.

You can also click the button below to enter OMNI trading page⇓

Step Four: choose the contract trading order type. Futures contract orders on BTCC platform include market orders, limit orders and SL/TP orders.

• Market Order: users place orders at the best price in the current market to achieve fast trading.
• Limit Order: Limit orders are a type of order to buy or sell futures at a price more favourable than the market price. When you buy at a price lower than the market price or sell at a price higher than the market price, the order will be in the form of a limit order.
• SL/TP Order: SL/TP orders are a type of order to buy or sell futures at a price less favourable than the market price. When you buy at a price higher than the market price or sell at a price lower than the market price, the order will be in the form of a SL/TP order.

Step Five: adjust the leverage multiple.

Please keep in mind that operating leverage carries the risk of liquidation. Leverage should be adjusted based on your financial status and risk tolerance.

Step Six: choose the lot size and set the SL/TP price .

Step Seven: after setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Traders should remind that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform.

Step Eight: click the buy or sell button, and OMNI futures contract order is completed.

That’s all information about Omni Network (OMNI). If you want to know more information about Omni Network (OMNI) coin and other cryptocurrencies, please visit BTCC Academy.

FAQs about Omni Network

Is OMNI a good investment?

Whether OMNI is a good investment purely depend on your personal risk appetite.  Due to the volatility of these markets, investing in OMNI or any other cryptocurrency involves significant risk. Therefore, potential investors should thoroughly research and consider their financial goals, risk tolerance and investment timeline before investing in cryptocurrencies.

How high can Omni Network’s price go in 2025?

According to OMNI price prediction for 2025, OMNI could potentially reach a maximum price level of $ 12.7162 by the end of 2025. However, it is worth mentioning that the crypto market is volatile and unpredictable, and any events may impact the token’s performance.

What is the all-time high for Omni Network (OMNI)?

The highest price paid for Omni Network (OMNI) is $ 10.5055, which was recorded on 2024-10-15 08:30:00.

What is the all-time low for Omni Network (OMNI)?

The lowest price paid for Omni Network (OMNI) is $ 5.9893, which was recorded on 2024-08-05 11:35:00.

Where to buy OMNI?

OMNI can be purchased on various cryptocurrency exchanges. The choice of exchange usually depends on your location, your preferred payment method, fees, user experience, and the exchanges where OMNI is available.

About BTCC

BTCC, one of the longest-running cryptocurrency exchanges in the world, supports crypto copy trading, spot trading, as well as futures trading for 300+ cryptocurrencies with leverage ranging from 1Χ to 500Χ.  If you want to trade cryptocurrencies, you can also start by signing up for BTCC.

BTCC is among the best and safest platforms for crypto trading. The reasons why we introduce BTCC for you summarize as below:

• Industry-leading security with no hack or breach report to date
• High liquidity & volume
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