Binance just announced Item 61 On Binance Launch Pool: Usually (usually). This project is an exciting addition as it introduces a new type of decentralized fiat stablecoin issuer that offers unique advantages in the crypto space.
Binance offers users the opportunity to earn USUAL tokens simply by locking up certain assets and mining them within four days.
If you want to buy the new token early, here’s everything you need to know about Usual, its mining process, pre-listing deals, and other important details.
About usually
generally It is a new type of decentralized stablecoin issuer, which means that it provides stable currency pegged to fiat currencies, such as the US dollar, but it is not controlled by a single company. Instead, Usual redistributes ownership and governance rights to everyone who holds its token, $USUAL.
Fiat currency is typically held for more than just stability; it’s using real world assets (RWA) such as investments from large companies, e.g. BlackRock, Ondo and Mountain Protocol. These assets are converted into a stablecoin called $0it can be verified on the blockchain and does not require permission from a single authority to be used.
why normal
USUAL aims to redistribute power and wealth to those who truly support the platform. Same as popular stablecoins Tether (USDT) and Circle (USDC), The companies behind them have revenue of over $10 billion in 2023, and their total valuation exceeds $200 billion! But users who contribute to their success don’t get a share of that money.
USUAL, on the other hand, allows users to share in the value and success created. This is particularly meaningful because it solves a major problem with decentralized finance (DeFi): while there are billions of assets, e.g. U.S. Treasury Bills Since it is available on the chain, there are not many DeFi users holding RWA.
For early adopters who are willing to take risks, USUAL’s model rewards them with a fair share of the success they help create.
Binance regular pre-market trading
Binance launches special offer Pre-market trading activity on USUAL. Started with November 19, 2024 10:00 (UTC)users will be able to conduct USUAL transactions through the USUAL/USDT trading pair before the market opens.
However, the maximum holding limit per user is 40,000 USUAL. Through this pre-listing event, USUAL tokens can be obtained in advance before they are officially listed for regular trading on the Binance spot market.
Typically boot pool details
Binance Launchpool will start farming USUAL tokens November 15, 2024 at 00:00 UTC. Here’s how it works:
Binance users can lock their BNB or FDUSD in designated pools to start earning USUAL tokens as rewards. Launchpool will allocate the initial circulating supply 300,000,000 Normal As a reward over 4 days, it accounts for 7.5% of the total token supply.
For those interested, here’s a breakdown of the reward distribution:
- Binance Coin Mining Pool: This pool will hold the majority of the rewards, which is 255,000,000 USUAL (or 85% of the reward tokens).
- FDUSD pool: This smaller pool will provide 45,000,000 USUAL (or 15% of the reward tokens).
The farming period ends at November 18, 2024 23:59 (UTC)so this is a short and quick opportunity to earn rewards.
Accumulation from ordinary farming
Binance users who lock BNB or FDUSD will accumulate USUAL tokens every day during the four-day mining period from November 15, 2024 to November 18, 2024.
Every day, 75,000,000 USUAL will be available for distribution. Of the daily totals:
- 63,750,000 USUAL will be distributed to BNB mining pool participants.
- 11,250,000 USUAL will be given to FDUSD pool participants.
Participation: Terms and Conditions
To join, users must meet Binance’s requirements:
- Complete KYC verification (to ensure identity and eligibility).
- Be located in a country or region that allows participation in Launchpool and pre-market trading.
- Subject to hourly caps and maximum positions per user, such as the 40,000 USUAL cap for pre-market positions.
For more details, please check the official Binance USUAL launch pool page.
final thoughts
All in all, the introduction of Usual on Binance Launchpool and Pre-Market provides cryptocurrency users with the opportunity to earn decentralized stablecoins from scratch. USUAL seems like an opportunity worth exploring, especially with Binance’s backing. Remember, this is a short-lived event, so if you’re interested, have your BNB or FDUSD ready for the farming period starting on November 15, 2024.
