Bitget Supports Omni Network (OMNI1) Token Swap to Nomina (NOM)
Bitget has announced significant changes regarding the Omni Network (OMNI1), highlighting a token swap and rebranding to Nomina (NOM). This transformation presents both challenges and opportunities for users and investors alike.
Background on Omni Network and Nomina
The Omni Network is a platform that provides users with decentralized financial services, facilitating the creation of new assets on the blockchain. The decision to rebrand and transition from OMNI1 to NOM reflects a strategic pivot to enhance user engagement and expand the platform’s functionalities. As part of this transformation, different trading pairs and features will be affected.
Key Details of the Token Swap
- Token Swap Date: The swap from OMNI1 to NOM tokens will occur on September 28, 2025.
- Exchange Rate: Users will receive 75 NOM tokens for every 1 OMNI1 token they hold.
- Technical Handling: Bitget guarantees management of all technical aspects, ensuring a seamless transition for users.
Timeline for Users
Here’s a breakdown of critical dates and actions users must take:
| Date and Time (UTC) | Action |
|—————————|—————————————————————————–|
| September 28, 2025 02:30 | Suspension of OMNI1 deposits and withdrawals. |
| September 28, 2025 10:00 | Removal of OMNI1/USDT trading pairs, canceling all pending orders. |
| October 1, 2025 08:00 | Opening of NOM token deposits. |
| TBD | Upcoming announcements regarding NOM withdrawals. |
Impact on Trading Activities
Spot Trading
Spot trading for OMNI1 will cease on the designated date. Users should be aware that:
- All existing OMNI1 spot trading pairs (OMNI1/USDT) will be removed.
- It is advisable to close any orders before the cutoff to avoid losses.
Futures Trading
Futures positions related to OMNI1 will also face changes:
- Before September 15: Users are advised to close any open positions to prevent automatic liquidation.
- Post September 15: OMNI1USDT futures trading will be halted.
Margin Trading and Bots
- Margin Trading: The OMNI1/USDT pair will be delisted, and all positions closed. This feature will be unavailable after September 26.
- Trading Bots: OMNI1 will be removed from trading bots, with immediate cancellation of any related open orders.
- Users are strongly encouraged to manage their trading strategies proactively to avoid unintended losses.
User Recommendations
To ensure a smooth transition:
- Prepare for Halts: Make necessary deposits before September 28, 2025.
- Monitor Your Positions: Set alerts for any significant changes in trading pairs and manage your assets accordingly.
- Stay Updated: Follow Bitget’s official announcements for detailed updates and instructions.
Conclusion
The shift from Omni Network to Nomina marks a critical juncture for users and investors on Bitget. Understanding the nuances of this swap will enhance user navigation and trading strategy. It is crucial for market participants to stay informed and plan their actions to optimize their experience during this transition period.