Binance has announced the launch of its 61st project on Binance Launchpool: Usual (USUAL), a decentralized Fiat Stablecoin issuer. This new token will be available for farming and trading in several stages, with Pre-Market trading beginning on November 19, 2024, and users will be able to participate through Binance's platform. Let’s take a deeper dive into what USUAL is, how Binance’s Launchpool works, and everything you need to know about the upcoming Pre-Market offering.
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🔶What is Usual (USUAL)?
Usual (USUAL) is a decentralized Fiat Stablecoin issuer that aims to provide a secure and reliable stablecoin backed by real-world fiat currencies. As the stablecoin market grows, many projects focus on offering decentralized and reliable alternatives to traditional fiat-backed tokens. USUAL aims to solve the challenges around the centralization and transparency of current stablecoin models by leveraging decentralized mechanisms to ensure trustless stability.
The USUAL token is being issued on the Ethereum network, with a total supply of 4,000,000,000 USUAL tokens. The project’s goal is to provide a reliable means of transacting in a digital economy while maintaining stability through a robust decentralized mechanism.
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🔶 Binance Launchpool: Farming USUAL Tokens
Starting from November 15, 2024, users will be able to participate in the Binance Launchpool and farm USUAL tokens. The farming process will run for four days, from 00:00 UTC on November 15 to 23:59 UTC on November 18, 2024. Users can lock their BNB and FDUSD (a stablecoin on the Binance platform) to earn rewards in the form of USUAL tokens.
Here are the key details of the Launchpool farming:
- Total USUAL Rewards for Launchpool: 300,000,000 USUAL (7.5% of the total token supply)
- BNB Pool Rewards: 255,000,000 USUAL (85% of total rewards)
- FDUSD Pool Rewards: 45,000,000 USUAL (15% of total rewards)
The maximum holding limit per user is set at 40,000 USUAL for the farming event. Additionally, hourly hard caps have been placed per user for each pool:
- BNB Pool: 265,625 USUAL per hour
- FDUSD Pool: 46,875 USUAL per hour
These caps ensure that users who participate can earn a fair share of rewards based on the amount they lock up in the designated pools.
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🔶Pre-Market Trading for USUAL
Binance will also offer a Pre-Market for USUAL tokens, allowing early access to the USUAL/USDT trading pair before the official spot listing. The Pre-Market trading will commence at 10:00 UTC on November 19, 2024.
Key details about the Pre-Market:
- Start Time: November 19, 2024, 10:00 UTC
- Eligible Users: Participation in the Pre-Market is available based on user eligibility, determined by their country or region of residence.
- Maximum Holding Limit: 40,000 USUAL tokens per user
- Pre-Market Trading Pair: USUAL/USDT (Tether)
The Pre-Market phase allows users to trade USUAL tokens in advance, ahead of the official spot listing. It’s an exclusive offering available only to eligible Binance users, and further details regarding the end time and spot listing date will be announced at a later stage.
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### Launchpool Details & Rewards
#### Tokenomics of USUAL:
- Total Supply: 4,000,000,000 USUAL
- Max Token Supply: 4,000,000,000 USUAL
- Initial Circulating Supply at Binance: 494,600,000 USUAL (12.37% of total supply)
- Launchpool Token Rewards: 300,000,000 USUAL (7.5% of total supply)
The smart contract of USUAL is deployed on the Ethereum Network, with the contract address being:
0x430a2712cEFaaC8cb66E9cb29fF267CFcfA38a42
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### What is Binance Launchpool?
Binance Launchpool is a platform that allows Binance users to participate in token farming events, where they can lock their assets (usually BNB, BUSD, or other supported tokens) to earn new tokens. In this case, by locking BNB and FDUSD, users can earn USUAL tokens as rewards. It’s an exciting opportunity for users to access new projects at an early stage, and to farm new tokens with relatively low risk compared to direct investments.
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🔶 How to Participate in Binance Pre-Market and Launchpool
🔶For Binance Launchpool:
1. Go to the Binance Launchpool page once it becomes available (expected within 12 hours).
2. Lock your BNB or FDUSD into the respective pools.
3. Farm USUAL Tokens: Receive rewards over the farming period (November 15–18, 2024).
#### For Pre-Market Trading:
1. Ensure that you’re eligible based on your region.
2. On November 19, 2024, at 10:00 UTC, go to the Pre-Market section of Binance.
3. Trade the USUAL/USDT pair in the Pre-Market.
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### Important Notes
- KYC Verification: To participate in the farming event or Pre-Market, users must complete KYC (Know Your Customer) verification to Binance’s satisfaction.
- Fraud Warning: Be cautious of any claims that offer USUAL tokens for sale before the official Pre-Market timeline. Binance is the exclusive platform to list USUAL initially, and any sale before November 19, 2024, may be fraudulent.
- Region Restrictions: Availability of Binance services, including Pre-Market and Launchpool, might vary depending on the user’s country or region.
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🔶Conclusion
The introduction of Usual (USUAL) on Binance Launchpool and Pre-Market presents a unique opportunity for users to engage with a new decentralized Fiat Stablecoin issuer. With a well-structured farming event and Pre-Market trading, Binance is giving its users a chance to get early access to the USUAL token. Whether you’re looking to farm USUAL via Binance Launchpool or trade it in the Pre-Market, it’s an exciting moment for the Binance community and the broader cryptocurrency ecosystem.
Be sure to keep an eye on the official Binance announcements for further updates, and get ready to participate in the upcoming farming event starting November 15, 2024
