Binance, the world's leading cryptocurrency exchange, is excited to announce the 61st project on its Launchpool platform: Usual (USUAL). This decentralized Fiat Stablecoin issuer aims to revolutionize the stablecoin landscape by redistributing ownership and governance through its native token, USUAL.
Usual (USUAL)
Usual is a multi-chain infrastructure designed to aggregate tokenized Real-World Assets (RWAs) from various sources, including BlackRock, Ondo, Mountain Protocol, M0, and Hashnote. These RWAs are then transformed into a permissionless, on-chain verifiable, and composable stablecoin known as USD0.
The core philosophy behind Usual is to empower users and third parties by redistributing control and ownership of the protocol. This approach differs significantly from traditional centralized stablecoin models, where profits are often privatized.
Key Features of Usual
Decentralized Governance: USUAL token holders have the power to manage the protocol and influence key financial decisions.
Disinflationary Tokenomics: The issuance of USUAL is tied to the Total Value Locked (TVL) of staked USD0, creating scarcity and incentivizing long-term holding.
Revenue-Based Model: USUAL issuance is aligned with future cash flows, ensuring a sustainable and inflation-resistant token.
Staking Rewards: By staking USUAL, holders can earn rewards and participate in governance.
Gauge Mechanism: Directs and optimizes liquidity distribution within the protocol.
Collateral Management: Governance determines the collateral types and their respective weighting behind USD0, ensuring stability and flexibility.
Treasury Management: USUAL holders have control over the treasury and can optimize its usage.
The Usual Ecosystem
The Usual ecosystem revolves around three key tokens:
USD0: A stablecoin fully backed by short-term, liquid, and risk-free assets.
USD0++: The USD0 liquid staking token, distributing rewards in the form of USUAL tokens.
USUAL: The governance token that empowers holders to control the protocol and share in its future revenues.
Why Choose Usual?
Rebuilding Tether On-Chain: Usual aims to create a fully on-chain, decentralized, and transparent stablecoin infrastructure.
Bankruptcy Remote: The protocol's collateralization model is not tied to traditional banking systems, reducing exposure to systemic risks.
Fair Value Distribution: Usual redistributes value and power more equitably among all users, promoting a fairer financial system.
Innovative Yield Redistribution: The protocol's unique yield redistribution model rewards early adopters and aligns incentives.
Binance Launchpool Details
Token Name: Usual (USUAL)
Total and Max Token Supply: 4,000,000,000 USUAL
Launchpool Token Rewards: 300,000,000 USUAL (7.5% of total token supply)
Initial Circulating Supply: 494,600,000 USUAL (12.37% of total token supply)
Smart Contract/Network: Ethereum Network (0xC4441c2BE5d8fA8126822B9929CA0b81Ea0DE38E)
Users can participate in the Launchpool by locking $BNB and $FDUSD to receive USUAL rewards.
Pre-Market Trading
Binance will also list $USUAL on its Pre-Market platform, allowing users to trade USUAL/USDT pairs before the official spot listing.
Usual represents a significant step forward in the evolution of decentralized finance. By redistributing ownership and governance, the protocol aims to create a more equitable and transparent financial system. With its innovative approach and strong community support, Usual has the potential to reshape the future of stablecoins.
