rewrite this content using a minimum of 1200 words and keep HTML tags
Binance just announced its 61st project on the Binance Launchpool: Usual (USUAL). This project is an exciting addition because it introduces a new type of decentralized fiat stablecoin issuer, offering unique benefits in the crypto space.
Binance is giving its users a chance to earn USUAL tokens simply by locking up certain assets and farming them over a four-day period.
If you’re looking to get in on a new token early, here’s everything you need to know about Usual, its farming process, pre-market trading, and other important details.
About USUAL
Usual is a new type of decentralized stablecoin issuer, which means it offers a stable currency tied to fiat money, like the dollar, but it’s not controlled by a single company. Instead, Usual redistributes ownership and governance to everyone holding its token, $USUAL.
Usual doesn’t just hold fiat money for stability; it uses Real-World Assets (RWAs), like investments from huge companies such as BlackRock, Ondo, and Mountain Protocol. These assets are transformed into a stablecoin called USD0, which is verifiable on the blockchain and doesn’t require permission from a single authority to use.
Why Usual
USUAL is about redistributing power and wealth to the people who actually support the platform. With popular stablecoins like Tether (USDT) and Circle (USDC), the companies behind them made over $10 billion in revenue in 2023, and their total valuation is more than $200 billion! But the users who contribute to their success don’t get any share of that money.
USUAL, on the other hand, allows users to share in the value and success created. This is especially meaningful because it addresses a major issue in decentralized finance (DeFi): while there are billions in assets like US Treasury Bills available on-chain, not many DeFi users hold RWAs.
For early users who are willing to take risks, USUAL’s model rewards them, giving them a fair share of the success they help create.
Binance USUAL Pre-Market Trading
Binance is offering a special pre-market trading event for USUAL. Starting on 2024-11-19 at 10:00 (UTC), users will be able to trade USUAL in the pre-market with the trading pair USUAL/USDT.
However, there’s a maximum holding limit of 40,000 USUAL per user. This pre-market event allows early access to USUAL tokens before they’re officially listed for regular trading on the Binance spot market.
USUAL Launchpool Details
The Binance Launchpool will start farming for USUAL tokens on 2024-11-15 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. The Launchpool will distribute an initial circulating supply of 300,000,000 USUAL as rewards over 4 days, which makes up 7.5% of the total token supply.
For those interested, here’s a breakdown of the reward allocation:
BNB Pool: This pool will have the majority of the rewards, with 255,000,000 USUAL (or 85% of the reward tokens).FDUSD Pool: This smaller pool will offer 45,000,000 USUAL (or 15% of the reward tokens).
The farming period ends on 2024-11-18 at 23:59 (UTC), so it’s a short, fast opportunity to earn rewards.
USUAL Farming Accumulation
During the four-day farming period from 2024-11-15 to 2024-11-18, Binance users who lock in their BNB or FDUSD will accumulate USUAL tokens daily.
Each day, there will be 75,000,000 USUAL available for distribution. Out of this daily total:
63,750,000 USUAL will be given to BNB pool participants.11,250,000 USUAL will be given to FDUSD pool participants.
Participation: Terms & Conditions
To join, users must meet Binance’s requirements:
Complete KYC verification (to ensure identity and eligibility).Be in a country or region that allows participation in the Launchpool and Pre-Market trading.Follow the hourly cap and maximum holdings per user, such as the 40,000 USUAL cap in pre-market holdings.
For more details, check the official Binance USUAL launchpool page.
Final Thoughts
In conclusion, the introduction of Usual on the Binance Launchpool and Pre-Market gives crypto users a chance to earn a decentralized stablecoin from the ground up. USUAL seems like an opportunity worth exploring, especially with Binance’s support. Just remember, this is a short event, so if you’re interested, get your BNB or FDUSD ready for the farming period starting on 2024-11-15.
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
Source link