Last week, Binance announced a new project called $Usual. The project includes a LaunchPool opportunity and Binance will be one of the first exchanges to list the coin on the Pre-Market this week.
In this article, I will discuss with you the details of the project and the coin as well as details about Launchpool and coin price predictions.
What is Usual Project?
The project is a decentralized protocol that issues stablecoins backed by real-world assets RWA. The project was launched in July 2024 and in a short period of time its stablecoin USDo managed to reach the top 10 list by market cap.
The idea behind USDo, which is trying to differentiate itself from other stablecoins, is that most of the existing stablecoins are centralized and rely on assets held in banks. Therefore, the idea behind USDo is to have the currency backed by real-world assets, removing the barrier between the traditional financial sector and the cryptocurrency sector.
What is USUAL coin?
It is the governance and value token of the Usual project. According to the description of the token in the white paper, the token is considered as if you own a stake in the project. The research paper published by Binance explains that the uses of the token are summarized as follows:
- Protocol control.
- Issuable against the reserved value of the USDO stored.
- It has an accrual model linked to future revenues.
- Storage rewards.
- Liquidity distribution guidance mechanism.
- Managing the types and weights of guarantees.
- Efficient management of the protocol vault.
USUAL Coin Details
The coin will be launched on the Ethereum network, and the total coin supply is 4 billion coins, but the total supply at listing will be only 496.6 million. The total distribution of Usual coin will be as follows:
- Binance Launchpool: 7.50%
- Initial airdrop: 8.50%
- Investors and Advisors: 5.68%
- Team: 4.32%
- Organization and Ecosystem: 7.50%
- Liquidity: 2.00%
- Community Incentives: 64.50%
USUAL Coin Lunchbowl
Binance has announced its 61st Launchpool, which will be for USUAL. The launchpool started on November 16 and will run for four days until November 19. During this time, 300 million tokens will be distributed to Launchpool participants. As usual with Launchpools, the tokens allowed to participate are BNB and FDUSD. 85% of USUAL tokens will be allocated to participants in $BNB, while only 15% will be allocated to participants in $FDUSD.
How to get free cryptocurrency?
Launchpool participants receive free cryptocurrency provided they stake BNB or FDUSD for the duration of the Launchpool. After the Launchpool ends, you can retrieve your staked BNB or FDUSD and the new project tokens you have acquired.
During the USUAL Launchpool event, 75 million tokens are distributed to participants, with 63.75 million tokens distributed to BNB participants and 11.25 million tokens distributed to FDUSD participants.
How to participate in the Usual Coin Launchpool?
1. Search for Launchpool.
2. Choose the currency you want to store.
3. Enter the number of coins you want to store.
After you store the coin, the coins you have earned for free will be added every hour. You can collect the coin every hour if you want or wait until the end of the launchpool and collect it all at once.
Although the USUAL launchpool ends on November 19, it will not be officially listed on the Spot Market. However, if you want to buy or sell the token before the listing, you can do so on the Pre-Market. Simply put, the Pre-Market allows Launchpool users to sell their tokens before the listing, and allows non-Launchpool participants to buy the token before it is listed on any exchange.
