Binance Launches Usual: A New Decentralized Fiat Stablecoin Issuer on Launchpool
Binance, the cryptocurrency exchange, has just announced something exciting. They’re launching Usual, a decentralized fiat stablecoin issuer. This marks the 61st project on their Launchpool.
Here’s how it works: users can lock their BNB and FDUSD to receive USUAL airdrops. This will happen over a four-day period, starting at 00:00 UTC on November 11th.
After the Launchpool, you can find USUAL listed on Binance Pre-Market. This will kick off at 10:00 UTC on November 19th. You’ll be able to trade the USUAL/USDT pair, and details about the end time for pre-market trading and the spot listing date will come later.
The total supply of USUAL tokens is capped at 4 billion. Out of this, 300 million tokens, which is 7.5% of the total supply, are set aside for the Launchpool. When USUAL is listed on Binance, the initial circulating supply will be 494.6 million tokens. That’s about 12.37% of the total supply.
Each user has a hard cap of 265,625 USUAL in the BNB pool and 46,875 USUAL in the FDUSD pool. If you lock BNB, you can earn up to 255 million USUAL in rewards. Locking FDUSD will earn you up to 45 million USUAL in rewards. The farming period will start at 23:59 UTC on November 18th.
So, what is USUAL exactly? It’s a governance token. This means that holders get ownership rights over the protocol’s current and future revenues, along with infrastructure ownership.
USUAL is built for long-term value. It offers several benefits, like earning more USUAL tokens through staking. Plus, you’ll unlock access to exclusive services and utilities.