Key Points
- Binance introduced USUAL on Binance Launchpool and Pre-Market.
- Users can lock their BNB and FDUSD to receive USUAL airdrops over 4 days.
Binance just announced the 61st project on Binance Launchpool – Usual (USUAL), a decentralized Fiat Stablecoin issuer.
Users can lock their BNB and FDUS to get USUAL airdrops over the course of four days.
Farming is scheduled to start on November 15, at 00:00 (UTC) and it will last until November 18, at 23:59 (UTC).
Binance Pre-Market Listing
Binance Pre-Market will list USUAL on November 19, at 10:00 (UTC), and open pre-market trading for USUAL/USDT.
In the official listing announcement, the exchange noted that the Pre-Market end time and spot listing will be announced later.
Also, the maximum holding limit per user is set at 40,000 USUAL, according to Binance‘s notes.
USUAL Launchpool Details
- The total token supply is 4 million USUAL tokens.
- The Launchpool token reward is 300 million USUAL tokens, representing 7.5% of the total supply.
- The initial circulating supply at listing is set at 494,6 million USUAL tokens, representing 12.37% of the total token supply.
Other Important Information
- Only master accounts and regular user accounts are eligible to take part in the Binance Pre-Market.
- Withdrawals, transfers, and deposits are suspended during the Pre-Market period.
- Only users from selected countries are eligible to participate in the Pre-Market.
- Users will need to upgrade the Binance App version to 2.89.0 and above.
- Snapshots of user balances will be talked hourly, multiple times to calculate rewards.
- Users can accumulate rewards and claim them in their spot accounts.
- Pools’ APYs and total pool balance will be updated in real-time.
- Tokens can only be locked in a single Launchpool offer at a time.
- Users can unlock their funds at any time without delay and participate immediately in other available Lauchpools.
- BNB Flexible Products assets used as collateral for Binance Loans are not entitled to Launchpool rewards.
- Trading Bots and Spot Copy Trading will be enabled for USUAL within 24 hours of its Spot listing.
What is Usual (USUAL)?
Usual is a secure and decentralized fiat-backed stablecoin issuer and redistributes ownership and value via the USUAL token, as noted by the team behind the project on the official website.
The team highlighted that each year, users give billions to fiat-backed stablecoin issuers, and Usual reinvents this by providing a bankless account with a more transparent and secure stablecoin, while at the same time offering better opportunities for users.
