Binance has announced its new fiat stablecoin project, Usual (USUAL), on Launchpool.
Users will have the opportunity to earn USUAL by staking BNB and FDUSD as of November 15. Pre-market operations for the USUAL coin will begin on November 19, 2024, and a separate announcement will be made for spot listing. Binance stated that users should not buy or sell before this date and advised them to be careful against false claims in this direction.
Announced as the 61st project of Binance Launchpool, Usual will be launched with a total supply of 4 billion. 300 million USUAL coins have been allocated for the first distribution. Starting November 15, Binance users will be able to earn USUAL coins by staking BNB and FDUSD. During this transaction period, users who participate in the BNB and FDUSD pools will have access to 255 million and 45 million USUAL coin rewards, respectively. Usual, which runs on the Ethereum blockchain, will initially have 494.6 million coins in circulation.
A maximum earning limit of 40,000 USUAL coins has been set for each user. Additionally, there is a limit of 265,625 USUAL coins for the BNB pool and 46,875 USUAL coins for the FDUSD pool per hour.
We would also like to remind you that users who want to join Binance Launchpool must have completed their KYC (identity verification) process.
USUAL coin’s pre-market trading will begin on November 19, 2024 at 13:00 CET, with the initial trading pair being USUAL/USDT. However, pre-market trading will be subject to regional restrictions. Binance will provide further information regarding spot listing and pre-market completion.
While Binance aims to provide a safe investment experience to its users, it emphasized that investors should take careful steps during Launchpool and premarket transactions.
