Usual Announces Revenue Redistribution Plan for USUAL Token Holders
Revenue Redistribution to Commence in 2025
In a recent development, Usual has unveiled a plan to redistribute ecosystem revenue directly to its native token, USUAL. According to a document issued on January 7, the platform has generated over $20 million in revenue, which will be redistributed to USUAL token holders. This move aims to incentivize token holders and promote ecosystem growth.
Revenue Switch Function: Key Details
The revenue switch function is set to be launched, pending certain conditions. The function will be enabled when more than 50% of USUAL tokens are pledged as USUALx. If this requirement is not met, the function will automatically activate on February 1, 2025. Once enabled, 100% of earnings (capped at $5 million per month) will be distributed to USUALx stakers in the form of USD0.
Eligibility Criteria for Rewards
To be eligible for rewards, users must hold USUALx for the entire monthly cycle. The cycle commences on the 1st of each month and concludes on the last day (UTC+0 time). If a user moves their tokens midway through the cycle, the rewards will be transferred to those who maintain their holdings.
Conclusion
Usual’s revenue redistribution plan is a significant development for USUAL token holders. With over $20 million in revenue generated, the platform is poised to incentivize its ecosystem participants. As the revenue switch function is set to be launched, USUALx stakers can look forward to receiving rewards in the form of USD0. With clear eligibility criteria in place, users can plan their token holdings accordingly.
Source: M.theblockbeats.info
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