Usual ($USUAL) on Binance Launchpool: Price Prediction & Growth Potential
Are you looking for innovative cryptocurrency projects with long-term growth potential? Usual, a cutting-edge stablecoin project, has recently caught the eye of Binance and could be the hidden gem you're seeking. In this post, we’ll explore Usual's unique features and predict the potential price trajectory of its native token, $USUAL.
What is Usual?
Usual is a next-generation, multi-chain platform designed to aggregate tokenized Real-World Assets (RWAs) into permissionless, on-chain verifiable stablecoins. These RWAs come from top entities like BlackRock, Ondo, and Hashnote. The project’s core philosophy focuses on redistributing power and ownership, giving liquidity providers and third parties more control, much like how Tether's TVL providers would have a stake in the company's revenue.
Usual’s Goals
Usual seeks to challenge the traditional financial system by building a fair and decentralized financial ecosystem. Its objectives include asset security, realigning incentives with user participation, and offering an alternative to traditional banking models.
Key observations that have shaped Usual’s vision:
Stablecoin Profits: Major stablecoin issuers like Tether and Circle made over $10B in revenue in 2023 without sharing profits with users.
RWA Integration: While RWAs are growing, their integration into DeFi has been slow. Only a small number of RWA holders are on-chain.
User Incentives: Current DeFi yield models fail to adequately reward early adopters and risk-takers.
Strategic Goals
Usual aims to:
Rebuild Tether On-Chain: Create a fully decentralized and transparent fiat-backed stablecoin using blockchain technology.
Be Bankruptcy-Remote: Avoid risks associated with traditional banking and provide a safer alternative through short-term, secure assets.
End Profit Privatization: Redistribute 100% of profits and control to users via governance tokens, ensuring fairness and transparency.
Usual’s Ecosystem & Tokens
Usual’s ecosystem revolves around three interconnected tokens:
1. USD0: A fully-collateralized stablecoin backed by liquid, risk-free assets, designed to be composable and transparent in the DeFi space.
2. USD0++: A staking token that represents staked USD0, allowing users to earn rewards in $USUAL tokens.
3. $USUAL: The governance token that rewards participants for using USD0 and grants voting rights on protocol decisions.
Key Uses of $USUAL
Governance: $USUAL holders have voting power over critical decisions.
Disinflationary Issuance: As Total Value Locked (TVL) increases, the issuance of $USUAL slows down, creating a deflationary effect.
Revenue-Based Model: The protocol ensures that the supply of $USUAL remains controlled relative to its revenue and treasury growth.
Staking Rewards: Staking $USUAL rewards holders with 10% of newly issued tokens, incentivizing long-term engagement.
Collateral and Treasury Management: $USUAL holders can determine the types of collateral for USD0 and manage the protocol’s treasury.
Launchpool & Token Information
Token Name: Usual ($USUAL)
Total Token Supply: 4,000,000,000 USUAL
Launchpool Token Rewards: 300,000,000 USUAL (7.5% of total supply)
Farming Period: November 15, 2024, to November 18, 2024 (4 Days)
Supported Pools:
BNB Pool: 85% of rewards (255,000,000 USUAL)
FDUSD Pool: 15% of rewards (45,000,000 USUAL)
Price Prediction & Our Perspective
Pre-market Price: $0.25 - $0.5 (Market Cap: ~$75M - $150M)
Circulating Supply: 494,600,000 (12.37% of total supply)
Token Distribution:
Community Incentives: 64.5%
Initial Airdrop: 8.5%
Investors & Core Team: 10%
DAO & Ecosystem: 7.5%
Binance Launchpool: 7.5%
Liquidity: 2%
Token Release Schedule: The majority of tokens will be locked for 1 year, ensuring low sell pressure initially.
Price Prediction
Given the circulating supply and the project’s growth potential, we anticipate $USUAL could reach an all-time high of $0.8 - $1.0, with a market cap between $200M - $300M. After the initial surge, the price is expected to stabilize around $0.3 - $0.5, with a market cap of $100M - $150M.
Pros and Cons
Pros:
Innovative Concept: Usual’s decentralized, community-driven stablecoin offers more transparency and ownership compared to centralized alternatives.
Community-First Approach: Users gain governance and ownership rights, empowering them in protocol decisions.
Strong Investor Backing: Usual has raised $8M and has the backing of reputable funds and angel investors.
Undervalued Relative to Competitors: The FDV of Usual is expected to be significantly lower than other decentralized stablecoins, such as Ethena.
Low Sell Pressure: Only 12.37% of tokens will be available at launch, with a majority locked for a year.
Cons:
Lack of Transparency in Private Funding: The protocol has not disclosed how many tokens private investors received.
Community Sentiment Risks: While the community-first approach is a strength, it could lead to volatility and manipulation based on community engagement.
Limited Attention: Despite being listed on Binance, Usual has not generated as much attention as other high-profile projects, which could limit its immediate growth.
Conclusion
While Usual presents an innovative, community-driven solution to the stablecoin market, it faces challenges from well-established competitors and market sentiment favoring meme coins. However, its approach to decentralization, transparency, and fair distribution could position it for steady growth in the long term. With the right strategy, $USUAL has the potential to become a key player in the decentralized finance space.
