Joerg Hiller Nov 14, 2024 20:47
Binance introduces Usual (USUAL), a decentralized fiat stablecoin issuer, on its Launchpool. Pre-market trading begins on November 19, 2024. Discover more about the token supply and farming details.
Binance, a leading cryptocurrency exchange, has announced the introduction of Usual (USUAL), a decentralized fiat stablecoin issuer, as the 61st project on its Launchpool platform. The announcement, made on November 14, 2024, highlights the upcoming availability of USUAL for pre-market trading starting November 19, 2024, at 10:00 (UTC), according to Binance.
Launchpool Participation and Token Details
Users interested in participating can lock their BNB and FDUSD to receive USUAL airdrops over a four-day period, with farming commencing on November 15, 2024, at 00:00 (UTC). The total and maximum token supply for USUAL is set at 4 billion, with 300 million USUAL allocated as Launchpool token rewards, which constitutes 7.5% of the total token supply. The initial circulating supply upon listing on Binance will be 494.6 million USUAL, representing 12.37% of the total supply.
Pre-Market Trading and Eligibility
Following the Launchpool phase, Binance will open pre-market trading for the USUAL/USDT pair. The end time for pre-market trading and the spot listing time will be announced subsequently. Participation in the pre-market is subject to eligibility criteria based on the user’s country or region of residence.
Supported Pools and Farming Period
The farming period for USUAL will run from November 15 to November 18, 2024. Supported pools include the BNB pool, which offers 255 million USUAL in rewards, and the FDUSD pool, offering 45 million USUAL. These pools will be available on dedicated webpages approximately 24 hours before the start of the Launchpool.
Additional Information and Restrictions
Binance has outlined several restrictions for users participating in the pre-market phase. Users are subject to a maximum holding limit, and those exceeding this limit in their Spot Accounts will not be able to purchase additional tokens. Only master accounts and regular user accounts are eligible for pre-market activities, while sub-accounts are excluded.
Additionally, users are required to upgrade to the Binance App version 2.89.0 or higher to participate. The platform also notes that certain functionalities, such as withdrawals, transfers, and deposits, will be suspended during the pre-market period.
Binance emphasizes the importance of conducting thorough research to ensure the safety of funds, warning against false advertising claims about the token being available before the official pre-market date.
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<p>The post Binance Launches Usual (USUAL) on Launchpool, Pre-Market Trading to Follow first appeared on CoinBuzzFeed.</p>
