Omni Network

April

Omni

Coin

<ul class="news-points">
 <li>Omni Network released 3 million OMNI tokens to the community contributors on April 17.</li>
 <li>The airdrop has caused OMNI to decline more than 55%, currently trading at $23.71.</li>
 <li>PeckShieldAlert cautions against a fake OMNI token, which fell by 100%.</li>
</ul>
In a surprising turn of events, Omni Network’s airdrop led to a significant price decline for the network’s ERC-20 token, OMNI. In addition, a scam involving the launch of a fake OMNI token has been identified, with its price falling 100%.
Marking a “critical first step towards decentralization for the Omni Network,” the platform<a href="https://news.omni.network/untitled/" target="_blank" rel="noopener noreferrer nofollow"> launched</a> the OMNI token. In an official blog, Omni Network announced the Genesis staking program, stating, “Genesis stakers will earn 6% APY and be eligible to receive partner protocol airdrop distributions that are sent to the Omni Foundation.”
Omni Network released 3 million OMNI tokens, representing 3% of its 100 million supply, to the community contributors on April 17. Subsequent to the airdrop, the token plummeted by more than 30%, from $53.80 to below $39. In the following hours, the token experienced further dips, slipping to severe lows of over 55%.
The post <a href="https://coinedition.com/omni-tokens-55-dip-and-fake-omnis-100-fall-creates-a-buzz/" rel="noopener noreferrer nofollow">OMNI Token’s 55% Dip and Fake OMNI’s 100% Fall Creates a Buzz</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

OMNI Token’s 55% Dip and Fake OMNI’s 100% Fall Creates a Buzz

Coin Edition

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