- KuCoin will list OMNIA Protocol, enabling trading of its native token from October 15.
- Users can already deposit OMNIA on ETH (ERC20) and BSC (BEP20) networks.
- Withdrawals will be available starting October 16, 2024, at 10:00 UTC.
KuCoin has revealed its plans to list OMNIA Protocol (OMNIA), a Web3 infrastructure provider. This listing will enable KuCoin users to trade OMNIA’s native token on the exchange’s spot market. Trading for the OMNIA/USDT pair is set to begin on Tuesday, October 15, at 11:00 UTC. Deposits are already open, and withdrawals will be enabled starting October 16, 2024, at 10:00 UTC.
KuCoin has noted that OMNIA can be deposited on the supported networks, ETH (ERC20) and BSC (BEP20), providing users with flexibility in managing their tokens.
What Is OMNIA Protocol?
OMNIA Protocol is a Remote Procedure Call (RPC) provider specializing in decentralized physical infrastructure networks (dePIN) and aggregation services. The protocol aims to enhance the security of Web3 platforms, including wallets, decentralized applications (dApps), and decentralized exchanges (DEXes).
Through the integration of Maximal Extractable Value (MEV) strategies, OMNIA allows users to monetize their infrastructure while providing real-time protection against front-running and scams.
Notably, the listing of OMNIA Protocol on KuCoin was marked by its availability on BurningDrop, which opened on October 11 at 9:00 UTC. During the subscription period, the KCS pool welcomed all users to participate. Additionally, during the Burning Acceleration Period, users could burn KCS to mine additional OMNIA airdrops.
The subscription period ran from 9:00 to 18:00 UTC on October 11, followed by the Burning Acceleration Period from 20:00 to 02:00 on October 12. The staking period commenced on October 12 at 02:00 and will continue until November 1.
A total of 285,714 OMNIA tokens were allocated for reward distribution. Fifteen percent of the OMNIA rewards were distributed before trading began on the KuCoin Spot Market. The remaining 85% will be distributed in monthly batches of 10.625%, starting after a one-month cliff from the initial distribution.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
