The name of the new variant is Omicron, the token of the same name has increased by 10 times

The fantastic increase in OMIC, the own token of the decentralized reserve currency protocol with the same name as the new coronavirus variant Omicron, didn’t pass ignored this weekend. Particularly at a time whilst the crypto money industry was once in decline, OMIC, which greater 10 occasions, went from $ 70 to over $ SEVEN HUNDRED in 2 days. as it is understood, there’s a big audience that buys cryptocurrencies just because in their names and aims for giant returns. This crowded crew of traders seems to have invested in this token, which coincidentally has the similar title with the new variant.

It has not anything to do with the virus

it’s a bond-based totally “yield farming”. Omicron, a yield harvesting mission, is built on Ethereum scaling technology Arbitrum, but the venture has nothing to do with the coronavirus. the entire provide of OMIC token is observed as 1 million on knowledge provider websites, but there is not a lot information about the project on neatly-recognized websites equivalent to Coingecko and Messari.

OMIC is not listed on any centralized change and can handiest be traded on the SushiSwap decentralized exchange. It attracts attention.

the supply is expanding

A mission professional who spoke approximately OMIC token said that folks that wish to stake have the advantage for the reason that majority of the mission’s newly minted tokens are distributed to staking users. told. Subsequently, even though the associated fee factor continues to be essential as a result of the rise in provide, the income of people who make “stakers” increase thanks to the balances which might be adjusted mechanically. it’s buying and selling at $595.