✨I will explain the dramatic drop of $USUAL last night.
It happened when Binance suddenly added a note under the USUAL pre-market trading pair. The original note is:
"Please note that USUAL's Total Supply in Pre-Market trading reflects the minted amount. At spot launch, it will increase, eventually reach 4B."
Translated into Vietnamese as "Please note that USUAL's Total Supply in Pre-Market trading reflects the minted amount. At spot launch, it will increase, eventually reach 4B."
And I can be sure that Binance is exactly the largest cryptocurrency exchange in the world right now, not a Start-Up. Binance's note is not necessarily wrong.
You have to distinguish clearly between total supply and circulating supply. And the value of a coin at the present time is affected by the circulating supply (market capitalization / circulating supply = current price). During the life cycle of each project, there will be additional minting cycles, airdrops, unlocks, collaboration events, etc., and these events will gradually increase the total circulating supply of the project.
This means that the total supply will approach the maximum total supply (the maximum number of coins that will exist in the life of the asset) of about 4 billion. The circulating supply will gradually increase according to the token release schedule, with USUAL in 4 years. According to the USUAL token release schedule, the expected time for the total circulating supply to reach 4 billion USUAL is November 2028, not the time of spot listing.
Below, I will add the expected token release schedule of USUAL (source from Adli Takkal Bataille, co-founder of USUAL)
