Are you intrigued by the potential of cryptocurrencies and seeking out-of-the-box projects? USUAL, an innovative stablecoin project has recently captured the attention of #Binance might be the hidden gem you've been looking for.
In this post, we'll delve into the unique features of Usual and explore the potential price trajectory of its native token, $USUAL.
#USUALLAUNCHPOOL #BINANCELAUNCHPOOL
I. What is Usual?
USUAL is a cutting-edge, multi-chain infrastructure designed to aggregate a diverse range of tokenized Real-World Assets (RWAs). These RWAs, sourced from prominent entities like BlackRock, Ondo, and Hashnote, are seamlessly transformed into permissionless, on-chain verifiable, and composable stablecoins.
At the core of USUAL's philosophy lies the redistribution of power and ownership. The platform empowers TVL providers and Third Parties, mirroring a scenario where Tether's TVL providers would collectively own the company and its associated revenue streams.
What does Usual aim to achieve?
Usual is aiming to build a fair and decentralized financial hub and to redistribute power, ensure asset security, and align incentives with user participation. By challenging traditional banking models, Usual seeks to create a more equitable financial landscape.
Usual is based on three key observations:
Stablecoin profits: Tether and Circle generated over $10B in revenue in 2023, with valuations exceeding $200B. This wealth is not shared with users.
RWA integration: RWA is growing, but its DeFi integration remains challenging. Fewer than 5,000 holders of RWA exist on the mainnet, despite on-chain US Treasury Bills.
User incentives: DeFi users desire exposure to project success but the current yield distribution model fails to incentivize early adopters and risk-takers.
Based on the observations and innovations outlined, Usual's strategic goals for the stablecoin market are:
Rebuilding Tether On-Chain: Usual aims to create a fully on-chain, decentralized, and transparent fiat-backed stablecoin. By leveraging blockchain technology and governance tokens, Usual ensures neutrality and community control.
Bankruptcy Remote: Usual is designed to be immune to the risks associated with traditional banking. By avoiding fractional reserve practices and focusing on short-term, secure assets, Usual provides a safer and more stable stablecoin.
Ending Profit Privatization: Unlike centralized stablecoins, Usual redistributes 100% of the value and control to its users through governance tokens. This ensures a fairer and more equitable financial system.
Revolutionizing Yield and Ownership: Usual's innovative model pools yield from the stablecoin's collateral and distributes governance tokens to users. This incentivizes early adoption and aligns the interests of all participants.
What are Usual’s products?
Usual's ecosystem is built around three interconnected tokens:
USD0: A fully-collateralized stablecoin backed by short-term, liquid, and risk-free assets. USD0 is designed to be composable, permissionless, and transparent within the DeFi ecosystem.
USD0++: A liquid staking token representing staked USD0. By staking USD0, users earn rewards in the form of $USUAL tokens.
$USUAL: A governance token that rewards the growth, adoption, and usage of USD0 within the ecosystem. $USUAL represents ownership of the protocol's revenue and grants holders voting rights on key decisions.
USUAL's Uses Cases
$USUAL serves as the cornerstone of the Usual protocol, empowering its holders with a multitude of key functions:
Governance Control: $USUAL token holders have the authority to shape the future of the protocol, influencing critical financial decisions through on-chain voting.
Disinflationary Issuance: The issuance of $USUAL is directly linked to the Total Value Locked (TVL) of staked USD0 (USD0++). As TVL increases, the issuance rate slows down, creating a deflationary effect.
Revenue-Based Model: The issuance of $USUAL is strategically aligned with future revenue streams. The protocol ensures that the inflation rate of $USUAL supply remains lower than the growth of revenue and treasury assets.
Staking Rewards: By staking their $USUAL tokens, holders not only activate their governance rights but also earn 10% of newly issued $USUAL. This incentivizes long-term commitment and participation.
Gauge Mechanism: The gauge mechanism facilitates the efficient allocation of liquidity within the protocol, optimizing capital utilization.
Collateral Management: $USUAL holders have the power to determine the types of collateral backing USD0 and their respective weightings, ensuring the stability and flexibility of the protocol.
Treasury Management: The governance system enables $USUAL holders to effectively manage the protocol's treasury, maximizing the compounding effect of its assets.
II. Launchpool & Token Informations
Token Name: Usual (USUAL)
Total Token Supply: 4,000,000,000 USUAL
Launchpool Token Rewards: 300,000,000 USUAL (7.5% of total token supply)
Hourly Hard Cap per User:
265,625 USUAL in BNB pool
46,875 USUAL in FDUSD pool
Supported Pools:
Lock BNB: 255,000,000 USUAL in rewards (85%)
Lock FDUSD: 45,000,000 USUAL in rewards (15%)
Farming Period: 2024-11-15 00:00 (UTC) to 2024-11-18 23:59 (UTC) (4 Days)
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III. Usual Price Prediction & Our POV
Price Prediction
Circulating Supply: 494,600,000 (12.37% of total token supply)
Total Supply: 4,000,000,000 USUAL
Pre-market Price: $0.25 - $0.5 (~$75M - $150M Market Cap)
Token Distribution:
Community Incentives: 64.50%
Initial Airdrop : 8.50%
Investors & Advisors + Core Team: 10%
DAO and Ecosystem: 7.50%
Binance Launchpool: 7.50%
Liquidity: 2%
Token Release Schedule:
Traditional financial systems often concentrate control and profits in the hands of a few. Usual challenges this paradigm by empowering the community through ownership and governance. By redistributing value and aligning incentives, Usual aims to create a more equitable and transparent financial system.
USD0 and USUAL are key components of Usual's vision. USD0, a fully-collateralized stablecoin, provides a secure and reliable bridge between traditional finance and DeFi. It's designed to be transparent, permissionless, and composable. USUAL, the governance token, gives users a stake in the protocol's success and decision-making.
Usual's approach addresses the limitations of existing stablecoins, such as lack of transparency, over-reliance on traditional banking, and centralized governance. By prioritizing security, transparency, and community-driven governance, Usual is poised to be a heavyweight in the DeFi and stablecoin market.
While Usual offers an innovative approach to stablecoins, focused on decentralization and community ownership, it faces significant challenges. Tether, a well-established player in the market and direct competitor of Usual, has a strong brand recognition and a large user base. Additionally, the current market sentiment favors memecoins and narrative-driven projects over niche projects like stablecoins. This could limit Usual's potential growth, especially when compared to previous highly anticipated projects on #Binance Launchpool like Scroll and EigenLayer.
In our opinion, $USUAL could potentially reach an all-time high price of around $0.8 - $1.0, amounting to ~$200M - $300M market cap and $800M - $1B FDV. Subsequently, $USUAL's market capitalization might fluctuate near the $100M - $150M mark, corresponding to a price of approximately $0.3 - $0.5 per $USUAL
Our POV
Pros:
Innovative Concept & Design: Usual's key advantage over centralized stablecoins lies in its transparent, secure, and community-driven approach. It maintains a 1:1 asset backing ratio, ensuring full collateralization. By primarily investing in short-term U.S. Treasury Bills, Usual prioritizes liquidity and minimizes the risk of unexpected liquidations during periods of high withdrawal demand.
Community-first Approach: Usual sets itself apart by prioritizing community ownership and control. Unlike traditional financial systems, where power and profits are concentrated among a few, Usual empowers its users by giving them ownership and governance rights.
Strong Investor Backing: Usual has secured $8M in all funding rounds and the support of a diverse network of prominent funds and angel investors
Undervalued Compared to Other Competitors: Usual expected FDV more than10 times lower than its closest competitors in the niche of decentralized stablecoins, Ethena
Low Sell Pressure: Only 12.37% of USUAL will be available upon listing, with 8.5% allocated for community airdrops and only 10% for the team and investors, which is subjected to a locking period of 1 year.
Cons:
Lack of transparency in private funding: With more than 200 investors, the protocol didn’t disclose the exact amount of tokens the private investors received.
Community-Focused Approach: While community support can be a significant advantage, overreliance on community sentiment and engagement may expose the token to increased volatility and potential manipulation.
Lack of Attentions from the Community: Despite being a #Binance - listed project, Usual do not receive as much attention from the overall community like other high-profile projects
