generally It is a decentralized fiat currency stablecoin issuer focused on creating a secure and transparent encryption ecosystem. The platform utilizes the $USUAL token to provide users and third parties the opportunity to control ownership and governance. Through this model, Usual gives users greater influence over the system, similar to how Tether’s Total Value Lock (TVL) providers take ownership of the company and its revenue. Usual aims to make stablecoins more accessible and decentralized by integrating tokenized real-world assets (RWA) such as BlackRock, Ondo, Mountain Protocol and Hashnote. These RWA are converted into a permissionless on-chain stablecoin called USD0.
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Usual is designed as a multi-chain platform. It connects with various tokenized RWAs to make stablecoin transactions smoother and more reliable. The platform ensures that these assets can be easily verified on-chain, providing complete transparency. This decentralized approach helps create a stronger cryptographic environment so users can trust the integrity of the system. The technology allows for seamless integration across different blockchain networks, providing greater flexibility in how stablecoins are used.
USUAL Token Airdrop Details
Binance has partnered with Usual to launch the 61st project on Binance Launchpool. The $USUAL token is now available for airdrop, and users can participate by locking BNB and FDUSD. USUAL tokens will be issued over four days, ending on November 18, 2024, and users can start mining on November 15, 2024. 7.5% of the amount. The mining process will take place in two pools: BNB and FDUSD, each with a different reward distribution.
During mining, participants can earn USUAL tokens by locking BNB and FDUSD in designated pools. The BNB pool will award 255 million USUAL tokens, accounting for 85% of the total reward pool. The FDUSD pool will hold 45 million USUAL tokens, accounting for 15% of the rewards. The BNB pool will receive 63.75 million USUAL tokens per day, while the FDUSD pool will receive 11.25 million USUAL tokens per day. The total daily reward will be divided between the two pools. November 15th to 18th, 2024 is the time for the distribution of agricultural incentives.
After the farming season ends, Usual will start listing its tokens on Binance’s pre-listing on November 19, 2024 at 10:00 UTC. During the pre-listing stage, the USUAL/USDT trading pair will be opened. However, the specific date for the end of Pre-Market and the official spot listing has yet to be announced. Users should continue to check back for additional updates in this area. It is crucial to check eligibility before joining, as participation in the pre-launch phase depends on the user’s country of residence.
The total token supply of Usual is 4 billion USUAL tokens. The number of USUAL tokens in circulation at the time of listing was approximately 494.6 million, accounting for 12.37% of the total supply. The remaining tokens will be distributed over time through different mechanisms such as airdrops and other token distributions. Launchpool will provide 300 million USUAL tokens as rewards, of which the BNB pool will receive the majority of the rewards, accounting for 85%. A small portion of the rewards (15%) will be allocated to the FDUSD pool.
To participate in the USUAL token airdrop, users need to lock their BNB and FDUSD in Binance’s designated pool. The website for locking tokens will be launched soon, and users should make sure to complete the KYC process on Binance. The maximum holding limit per user is 40,000 USUAL, with separate limits for BNB and FDUSD pools. The mining period is from November 15, 2024 to November 18, 2024, so users should take action within this time to receive their share of the rewards.
