USUAL is a decentralized fiat-backed stablecoin issuer, through
token redistribution of ownership and governance rights. A comprehensive analysis of the Usual project.
Project Overview
Usual is a stablecoin protocol aimed at addressing current issues in the stablecoin market. Its USD stablecoin is backed 1:1 by real-world assets (RWA), is permissionless and fully compliant, while USUAL is a governance token that allows the community to lead the network's development direction.
2. Market Data
• Price Information: Lowest price 0.2051u, calculated at 200 times the lowest point, highest price can reach 41u, current price 0.6436u. If the price reaches 41u, there is a profit margin of 63 times compared to the current price.
• Market Capitalization: Circulating market cap approximately 213 million u, ranked 314 in circulating market cap, total supply 4 billion, circulating supply 333 million.
• Exchange Listings: Already listed on 5 exchanges.
3. Official Community
• Twitter: 101,000 followers, daily tweeting activities.
• Telegram: 28,480 members, average 2,300 online daily.
• Discord: 22,407 members, average 2,000 online daily.
4. Token Distribution and Unlocking
• Token Distribution: Initial Airdrop 8.50%, Investors and Advisors 5.68%, Team 4.32%, DAO and Ecosystem 7.50%, Liquidity 2.00%, Community Incentives 64.50%, Binance Launchpool 7.5%.
• Unlocking Status: No unlocking information available.
5. Project Team
• Pierre PERSON: Founder and CEO, former French politician, member of the National Assembly, previously led French cryptocurrency asset legislation.
• Hugo Sallé de Chou: Co-founder and COO, graduated from EDHEC Business School in France.
• Adli Takkal Bataille: Co-founder, President of the Le Cercle du Coin association, graduated from Bordeaux Montaigne University.
6. Project Financing
• April 17, 2024, raised $7 million in funding, investors include IOSG Ventures*, Kraken Ventures*, etc.
• November 6, 2024, raised $1.5 million in community funding, investors include Comfy Capital, Jed Breed, etc.
7. Core Features
1. Stablecoin backed by real-world assets ($USD): Collateralized by real-world assets such as U.S. Treasury bonds, stable, safe, and transparent, providing a non-banking, non-fractured, reliable stablecoin option for DeFi payments and collateral, distinct from USDT and USDC.
2. Yield-generating stablecoin ($USD0++): A liquid staking version of USD0, similar to real asset savings accounts, with a 4-year lock-up period, providing staking rewards while promoting USD0 growth.
3. Governance Token ($USUAL): Drives ecosystem development, redistributes 90% of protocol revenue to the community, features governance, utility, and staking incentives, with a deflationary model aligning value growth with protocol revenue.
8. Important Events
• 2024 - 04 - 17: Stablecoin startup Usual Labs completed $7 million in funding, led by IOSG Ventures.
• 2024 - 11 - 07: Stablecoin protocol Usual completed $1.5 million in community funding, with participation from Breed Syndicate and others.
• 2024 - 11 - 14: Usual project launched on Binance Launchpool.
Please note that the above is only a project introduction and analysis, and does not constitute investment advice. Investment decisions should be made cautiously considering multiple factors.