Echoes of OMNI Token and Airdrop Events in Crypto Market

During the airdrop event, Omni Network’s native token, OMNI, suffered a significant loss of value, losing more than half of its market value. The emergence of a fake OMNI token and associated fraudulent activities raised concerns about market security. At the event, which distributed 3 million tokens, equivalent to 3% of the total token supply and launched on April 17, OMNI’s market value was around $560 million. Dramatic Decrease of OMNI Token Following the airdrop, OMNI token lost 30% of its value in the first half hour, dropping from $53.80 to $39. Shortly after, it experienced a 55% drop, falling below $24. This sharp decline highlighted the impact of airdrop events on the market and potential risks. According to CoinGecko data, OMNI’s current market value is around $267.5 million. Token Distribution and Supply Structure 29.5% of OMNI’s supply is allocated for ecosystem development and managed by the Omni Foundation. Tokens […]

Echoes of OMNI Token and Airdrop Events in Crypto Market

During the airdrop event, Omni Network’s native token, OMNI, suffered a significant loss of value, losing more than half of its market value. The emergence of a fake OMNI token and associated fraudulent activities raised concerns about market security. At the event, which distributed 3 million tokens, equivalent to 3% of the total token supply and launched on April 17, OMNI’s market value was around $560 million.

Dramatic Decrease of OMNI Token

Following the airdrop, OMNI token lost 30% of its value in the first half hour, dropping from $53.80 to $39. Shortly after, it experienced a 55% drop, falling below $24. This sharp decline highlighted the impact of airdrop events on the market and potential risks. According to CoinGecko data, OMNI’s current market value is around $267.5 million.

Token Distribution and Supply Structure

29.5% of OMNI’s supply is allocated for ecosystem development and managed by the Omni Foundation. Tokens allocated for investors and advisors are distributed within specific unlocking programs. Advisors initially receive 625,000 OMNI, while investors will receive 6.7 million tokens over a three-year period.

Helpful Information

After the market launch of OMNI token, it experienced a rapid loss of value, emphasizing the importance of evaluating market effects before investing.
Airdrop events can lead to short-term increases in token supply and price fluctuations.
Creating fake tokens and associated fraudulent activities increase the risks of airdrop events.

Lastly, the rapid decrease in value of OMNI token and the emergence of fake token fraud during the airdrop event provide serious warnings about security measures that crypto investors need to take. These situations clearly expose the market’s volatile nature and the risks that investors may face.

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