Binance has announced the addition of USUAL, a new decentralized fiat stablecoin, to its Launchpool platform. The token farming period begins November 15, 2024, with pre-market trading slated for November 19. This marks the 61st project launched via Binance Launchpool, reinforcing its role in expanding the exchange’s token ecosystem.
Key Features of the USUAL Launch
- Farming Pools: Stake BNB or FDUSD to earn USUAL tokens.
- Pre-Market Access: Limited to eligible users with a maximum holding of 40,000 USUAL.
- Token Supply: Total cap of 4 billion USUAL, with 300 million allocated for Launchpool rewards.
- Network: USUAL operates on Ethereum, with an initial circulating supply of ~12.37%.
How to Participate
Farming Period (Nov 15–19):
- Deposit BNB or FDUSD into dedicated pools to accumulate USUAL rewards.
Pre-Market Trading (Nov 19):
- Eligible users can trade USUAL/USDT before the official spot listing.
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Tokenomics and Security Measures
| Metric | Detail |
|---|---|
| Max Supply | 4,000,000,000 USUAL |
| Launchpool Allocation | 300,000,000 USUAL |
| User Holding Cap | 40,000 USUAL |
| Blockchain | Ethereum |
Binance emphasizes caution against unofficial token offers and third-party sales prior to the official release. The exchange will disclose full spot trading details post-pre-market launch.
Why USUAL Matters
USUAL aims to bolster Binance’s stablecoin offerings by combining decentralization with fiat-backed stability. Its phased release strategy—farming, pre-market, and full listing—provides users with incremental access while mitigating volatility risks.
FAQ Section
Q1: Who qualifies for pre-market trading?
A: Users meeting Binance’s eligibility criteria (e.g., VIP tiers or specific activity thresholds).
Q2: Can I transfer USUAL tokens during the farming period?
A: No, tokens are locked until the pre-market launch.
Q3: What’s the APY for USUAL farming?
A: Rates vary based on pool participation; check Binance’s official announcements.
Q4: How does USUAL differ from other stablecoins?
A: It’s decentralized and integrated with Binance’s ecosystem, offering unique yield opportunities.
Q5: Are there risks in pre-market trading?
A: Yes, liquidity may be limited initially—exercise caution and monitor price trends.
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Disclaimer: This content is for educational purposes only and not financial advice. Always conduct independent research before engaging with new assets.