Understanding Usual's Decentralized Fiat Stablecoin Model
Usual is a community-driven decentralized platform aiming to issue a fiat-backed stablecoin, USD0, while leveraging a governance token, USUAL. The key idea is to decentralize the control of the stablecoin and its underlying assets, ensuring transparency and community-driven decision-making.
Key Features and Benefits:
Decentralized Governance:
USUAL token holders have the power to influence protocol decisions, ensuring a community-centric approach.
This decentralization reduces the risk of single points of failure and promotes transparency.
Incentivized Staking
Staking USUAL rewards holders with additional tokens, encouraging long-term commitment to the platform.
This incentivizes active participation in governance and supports the ecosystem.
Dynamic Tokenomics:
The issuance of USUAL is tied to the total value locked (TVL) in USD0, creating a deflationary mechanism.
This helps maintain the value of USUAL and encourages growth of the platform.
Secure and Transparent:
USD0 is backed by short-term, liquid, and risk-free assets, ensuring its stability.
The transparent nature of the blockchain ensures that all transactions and governance decisions are visible to the public.
USUAL Tokenomics
Usual's tokenomics is designed to prioritize the community and incentivize long-term growth. Here's a breakdown of the token distribution:
Binance Launchpool - 7.50%
Initial Airdrop - 8.50%
Investors & Advisors - 5.68%
Team. - 4.32%
DAO and Ecosystem - 7.50%
Liquidity - 2.00%
Community Incentives - 64.50%
As you can see, a significant portion of the tokens is allocated to the community, ensuring widespread ownership and participation in the platform's governance.
Binance Launchpool
Binance Launchpool is a platform that allows users to farm new tokens by staking their existing Binance Coin (BNB) or other supported tokens. To participate in the USUAL Launchpool on Binance, you typically need to:
Create a Binance Account: If you don't have one already, create a Binance account and complete the necessary verification steps.
Hold BNB or FDUSD: Ensure you have sufficient BNB or FDUSD in your Binance account.
Participate in the Launchpool: During the USUAL Launchpool period, you can commit your BNB or FDUSD to farm USUAL tokens.
Claim Your Rewards: Once the Launchpool period ends, you can claim your earned USUAL tokens.
What Makes USUAL Different?
True Ownership: $USUAL grants holders real ownership over the protocol and its treasury.
Disinflationary Model: Token issuance is tied to USD0++ TVL, creating scarcity as the platform grows.
Revenue-Backed: $USUAL issuance is aligned with future cash flows, protecting long-term holders.
USUAL Token Use Cases:
Governance: Holders influence key protocol decisions.
Staking Rewards: Earn $USUAL by staking.
Gauge Mechanism: Directs liquidity distribution.
Collateral Management: Determines collateral types and weighting for USD0.
Treasury Management: Manages the treasury for maximum efficiency.
