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I'm sure most of you know this project considering it's been around since 2021 and was founded by Harvard graduates. The Omni team was working on the project throughout 2022 and possibly late 2021, with development intensifying as they secured $18 million in funding, backed by well-known VCs in the industry.

Many early testnet users participated in building the OMNI network and its blockchain to bring true interoperability to Ethereum's rollup ecosystem. This could be a game-changer for developers and users alike.

Today, the team announced that the OMNI token airdrop claiming period starts at 7 AM EST. Most of the eligible users are early testnet users, builders, and key participants within the Omni community. The rest are EigenLayer Restakers, Milady Maker & Redacted Remilio Babies NFT holders, and a few others, including additional NFT holders and protocols.

Binance also announced this as its 52nd launchpool project, and a few other exchanges like Bitget are hosting a candy bomb event due to the hype surrounding the project. Listing will occur one hour after claiming.
If you were one of those NFT holders or testnet users, you're lucky to be receiving some airdrops. Now the question is: are you going to keep them or sell them?
I think it could be a scenario where people sell early and regret it later.

They were a bit too tight with the EigenLayer staker eligibility that it became some sort of shitshow on Twitter. I had 2 ETH staked for a good while but for some reason ended up being ineligible lmao; I expected to be eligible with a small amount. Take note that 2 ETH is a good $6000; and if that's not enough, then they definitely made the eligibility too high.

They only choose top 10k stakers that a bit tough though but if 2eth isnt included then theres a lot of eigen stakers with huge funds. Ive noticed milady and baby remilio nft seems to hitting two airdrops already from ena and omni it seems these nfts are quite magnet attracted to airdrops. It just that they are quite expensive also the pudgy penguin. Wishing could acquire those major blue chips nft for some future airdrops too.

With the amount of hype around this project, it is highly likely that most people who have received airdrops would be getting back a lot of their money. But the decision of whether to sell right away or still hold depends on how much you have.

What I think is that with memecoins it is not really advisable for you to hold for longer than necessary because no matter how hyped a project is, it can still go down later on. I think you should set up a price target that if you reach it you should sell and vice versa.

I was reading about OMNI a while ago but I never took it seriously. Anyway, thank you for this short information that goes deep to an extent. But why list it at this time, didn't they have a speculator? Some projects are good and perhaps also hyped well, but it becomes a problem when they are listed at the wrong time. The crypto currency is still on a bearish correction quest and we do not know how long this will last. They should have waited for after halving, having carefully studied the market mood before making these announcements of the airdrop and listing on major exchanges.

The hype and heat are much as the top exchanges like Binance, Bybit, and Kucoin among others have listed it today, but the coin has been on the bearish trend. This is why I do not really go for the hype but follow the market trend, the project itself and the market position, which includes people's projections toward the project. The purpose of the projects also matters, which I believe will later help OMNI.

As for me, I will wait, there is no need to in buying a project that is listed in the middle of a bearish crypto market's general sentiment.

Yea they probably should've dug deeper on how much the funds are staked of those who were under the top 10k.

Also, I have EigenLayer points through RSTs like Swell/Renzo/etc and the EigenLayer points from those weren't counted; they only counted points staked directly to EigenLayer. Definitely wasn't expecting that.

Atleast altlayer give airdrops to everyone even with those restaking protocol. Also I am bit curious whats the benefit on giving allocation on sole nft holder of those mentioned. Maybe its much better if they make allocation to restakers bigger and give those nft holders only few of the cut since there is no importance of that project in the ecosystem. Maybe its something to do with the OG founders which probably close friends or colleague of those developers.

To be fair The Milady and Remilio communities are pretty active on crypto twitter, hence giving them a good amount of publicity because of airdropping to said community. Been a pretty good strategy so far with airdropping protocols lately. But yea, wish they were more inclusive with RSTs.

Seriously? 2 ETH? That's crazy man.
Honestly, even the price of OMNI feels a bit high right now. I heard some people got like 13 or more OMNI earlier. Are you thinking of buying any before the halving? Since it's taken a hit, it might be a good time to get in.

Now omni going down it seems too much sell pressure on the said airdrop recipients. Seen many posted usdt equivalent on sellers, with this volatile market can really understans why and they might double their tokens when they sold at top and will buy again now but still gonna wait for the bottom cause there are lots of users still to sell their airdrops. Maybe a single digit migjt be a good entry if you are gonna trade omni. A pump is inevitable btw since they announced staking of omni.

If you're a small degen player like me that don't have 2E like @Mk4, you can buy YT-eETH on pendle (Mainnet/Arb) and farm those EtherFi and EigenLayer points. I think with a decent implied APY and good multiplier, you can get points worth of 2E for around $100 or slightly more. The only downside is that it is a high risk<>high reward play but it could very much be worth it if you even if you just want to downright sell your EigenLayer points before on Whales market for quick bucks.

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Gm everyone, I didn't get OMNI and the current price action and been super terrible like all recent launches (ETHFI, Parcl, W). Do Y'all think OMNI will rebound hard when market flips bullish again? The premarket for OMNI was $35-$45. I wonder when pre market folks will be in the green.

I was also one of those lucky test net participants who were eligible, there was too much traffic on the site during the claiming, resulting in higher transaction fee, ultimately I succeeded  to claim my reward. The price of OMNI  coin on Binance exchange is hoovering around $30 which seems significantly under-valued ,

given its maximum supply of only 100 Million and robust use case of the project. I plan hold onto it for long term, anticipating substantial profit in future.

GM mate. Actually it's almost all crypto rn that's in a downtrend due to BTC instability. Just checked and I'm seeing volumes increasing for OMNI even though the price action is bearish, so imo, once the general market sentiment flips bullish, we'll see a good recovery on alts like Omni

https://i.ibb.co/jD3b6s6/IMG-20240418-110153.png (https://ibb.co/DQwzVTV)

You are absolutely right, the whole cryptocurrencies market certainly feeling the impact of Bitcoin's instability nowadays. You have righly pointed out that trading volumes of OMNI coin are increasing now despite overall bearish price action. I am optimistic that once the market trend turns bullish (which is very much possible due to upcoming halving event), we will see strong recovery in altcoins like OMNI.

I only have 8 OMNIs and sell them for around $250. This is not too big or not as big as previous airdrops such as ARB and MANTA, but I am still grateful because I can increase my investment in BTC ahead of the halving. Yes, I immediately sold it because I will not hold new altcoins after listing.

Selling points on whales market was totally useless. It requires you to lock same amounts like you wanna sell. Your money will be locked probably until the point convertion. It takes very long time just to give you a few bucks. This is why im avoiding in using whales market to sell my points.
Sometimes, it can be even very valuable like when etherfi airdrop was happening. It's not even worth to sell points on the whales market. The better to wait for the points conversion then sell our tokens.

the airdrops went good congratulation for people that gained good amount of money from doing the tasks from the very start, many people are actually underestimating the reward they'd get but once the pre market appear and it shows some good price then they are feeling joyous.
its always good to see some airdrop at the time of bullrun like this earlier this month it was ena with its decent airdrop now its omni, next will be merlin with its humongous 20%++ allocation.
really looking forward to these airdrops, even more so in the month of may where many airdrops gonna be taking place.
OMNI as i've found among the ones that give fairest airdrop to its testnet contributor so its a win really compared to certain other project.

If you know about TA, you'll notice there's already BOS, on 15min timeframe for OMNI, so it's recovering already. This community bonus might be worth checking out in your spare time. https://twitter.com/bitgetglobal/status/1780502710451638705?t=x2XnIQNfZ4yDBQ5KuJBllA&s=19

The collateral bit on whales market is the obvious downside but I think they do it to mitigate the risks of a points seller running away with both the purchase amount and their airdropped allocation. If you're a buyer there, of course you'd need some sort of protection that the seller will fulfill their end of the bargain and that's their approach to ensuring that.

On points selling, I'm not a fan but my parcl allocation would have worth a lot more if I had just sold off the points rather than wait for the allocation itself so it all depends on project and demand.

Another reason on why they under-estimate is maybe because they exert a lot of effort or staked a lot of money during the process, however in the end they think it wasn't worth it because they only get small rewards but you are right. If I were them I won't judge it easily, especially if the project had a good fundamental because it can still grow big later on. The general market is dumping lately and that would be one of the reasons fort OMNI price to appear small.

Did they state already that they will be doing an airdrop? If not, I won't be too excited for that. Don't be like the others who wasted their time and money because they think the project they are following will do an airdrop but nope it didn't happened.