On November 15, 2024, Binance launched Usual (USUAL) on its Launchpool platform, allowing users to farm USUAL tokens by staking BNB or FDUSD. This initiative marks an exciting development in the decentralized finance (DeFi) space, as Usual aims to provide a decentralized fiat-backed stablecoin.
Key Highlights of the Launch
Farming Opportunity: Users can lock their BNB or FDUSD to earn USUAL tokens as rewards. The farming period runs from November 15 to November 18, 2024, with a total of 300 million USUAL tokens allocated for rewards, representing 7.5% of the total supply.
Pre-Market Trading: Pre-market trading for USUAL will commence on November 19, 2024, with the trading pair USUAL/USDT. This allows early access to the token before it is officially listed for regular trading.
User Participation: Each user can hold a maximum of 40,000 USUAL tokens, encouraging widespread participation while maintaining a fair distribution.
Usual's Unique Proposition
Decentralized Stablecoin: Usual is not just another stablecoin; it is designed to redistribute ownership and governance to its token holders. Unlike traditional stablecoins, Usual leverages Real-World Assets (RWAs) to maintain its value, ensuring transparency and stability.
Community-Focused Model: By allowing users to share in the platform's success, Usual addresses a significant gap in the DeFi ecosystem, where users of existing stablecoins often do not benefit from the profits generated by the companies behind them.
Market Context
BNB Performance: As of now, BNB is trending, trading at approximately $634, with a notable increase in trading volume. The positive market sentiment is further fueled by recent developments in the crypto landscape, including the bullish trend following the US elections.
Growing Interest in New Projects: The launch of Usual comes when the market shows strong interest in new projects, as evidenced by the recent price surges of meme tokens.
Final Thoughts
The introduction of Usual on Binance's Launchpool and Pre-Market platforms presents a unique opportunity for users to engage with a decentralized stablecoin that prioritizes community involvement and transparency. As the farming period begins, users are encouraged to participate and explore the potential benefits of this innovative project.
#Binance240MUsers #USUALonLaunchpool&Pre-Market #NextMarketMoves #MemecoinWars
