First of all, let's dive into what is Usual š
Usual is a decentralized, RWA-backed stablecoin issuer that redistributes ownership and value, providing growth exposure to its users through the $USUAL token.
$USUAL drives USD0 stablecoin adoption, aligning contributor incentives and fueling protocol growth. Its innovative distribution model, based on protocol revenue, paves the way for new DeFi possibilities. This approach accelerates ecosystem expansion and fosters sustainable decentralization.
Launched three months ago, it has now grown to $355M TVL and 50k users. The protocol raised $7M overall and is backed by 160 investors.
Why Was Usual Created? š¤
The Stablecoin Problem: Stablecoins such as USDT and USDC generate significant profits (6B+ in 2023), yet the value they create is retained by a small group of shareholders. These entities operate similarly to centralized banks, privatizing profits while socializing risks.
Flawed Tokenomics: Most tokens are speculative, serving insiders and diluting users. As a result, users hold tokens that continuously lose value.
Why Usual? Usual was established to address these inequities by redistributing 90% of the ownership and generated value back to the community. It turns users from mere consumers into actual owners.
Some USUAL Tokenomics š¤©
Binance Launchpool -> 7.50% of the total token supply
Initial Airdrop -> 8.50% of the total token supply
Investors & Advisor -> 5.68% of the total token supply
Team -> 4.32% of the total token supply
DAO and Ecosystem -> 7.50% of the total token supply
Liquidity -> 2.00% of the total token supply
Community Incentives -> 64.50% of the total token supply
Token Release Schedule š„³
Now let's dive into USUAL on Binance Launchpool and Pre-Market š
What is Binance Launchpool? š¤
Binance Launchpool is a platform that allows crypto holders to earn new tokens by locking some of their existing assets, such as BNB and other supported tokens. This process is completely free, with users receiving new project tokens in exchange for locking some of their assets.
What is Binance Pre-Market? š
Binance Pre-Market is an innovative service jointly launched byĀ Binance SpotĀ andĀ Binance Launchpool. This exclusive offering enables users to either divest their proceeds from Launchpool rewards through spot trades or acquire tokens in advance of the official spot listing.
Binance is excited to announce the 61st project on Binance Launchpool - Usual (USUAL), a decentralized Fiat Stablecoin issuer.
There are 2 options for you to enter the Launchpool - by locking your BNB or FDUSD to receive USUAL Airdrops over four days, with farming starting from 2024-11-15 00:00 (UTC).
First, log in to your Binance account and access the Binance Launchpool for USUAL. Then, lock either your BNB or FDUSD to get your airdrops.
Binance Pre-Market will then list USUAL at 2024-11-19 10:00 (UTC) and open pre-market trading for the USUAL/USDT trading pair. Pre-Market end time and spot listing time will be announced at a later date. Please stay tuned for our upcoming announcement. Participation in Binance Pre-Market is subject to eligibility based on the user's country or region of residence.Ā
If you're using the Binance Website:
Log in to your Binance account and selectĀ [Trade]Ā -Ā [Spot].
On the Spot trading page, go to theĀ [Pre-Market]Ā tab and select a Pre-Market pair.
If youāre using the Binance app:
Log in to your Binance app and tapĀ [Trade]Ā -Ā [Spot]. Tap on the trading pair to search for Pre-Market pairs.
Note: Maximum holding limit per user: 40,000 USUAL
USUAL Launchpool Details:
Token Name: Usual (USUAL)
Total and Max Token Supply: 4,000,000,000 USUALĀ
Launchpool Token Rewards: 300,000,000 USUAL (7.5% of total token supply)
Initial Circulating Supply When Listed on Binance: 494,600,000 USUAL (12.37%Ā of total token supply)
Smart Contract/ Network Details: Ethereum Network (0xC4441c2BE5d8fA8126822B9929CA0b81Ea0DE38E)
Launchpool Terms will apply and KYC completed to Binanceās satisfaction is required
Hourly Hard Cap per User:Ā
265,625 USUAL in BNB pool
46,875 USUAL in FDUSD pool
Supported Pool:
Lock BNB (webpage will be available in around 24 hours): 255,000,000 USUAL in rewards (85%)Ā
Lock FDUSD (webpage will be available in around 24 hours): 45,000,000 USUAL in rewards (15%)
Farming Period: 2024-11-15 00:00 (UTC) to 2024-11-18 23:59 (UTC).
USUAL Farming Accumulation
Date (00:00:00 - 23:59:59 UTC each day): 2024-11-15 - 2024-11-18
Total Daily Rewards (USUAL): 75,000,000
BNB Pool Daily RewardsĀ (USUAL): 63,750,000
FDUSD Pool Daily Rewards (USUAL): 11,250,000