Usual is a decentralized Fiat Stablecoin issuer focused on creating a secure and transparent crypto ecosystem. The platform utilizes $USUAL tokens to give users and third parties a chance to control ownership and governance. With this model, Usual gives users more influence over the system, similar to how Tether’s total value locked (TVL) providers could have ownership over the company and its revenue. Usual aims to make stablecoins more accessible and decentralized by integrating tokenized Real-World Assets (RWAs) like those from BlackRock, Ondo, Mountain Protocol, and Hashnote. These RWAs are transformed into a permissionless and on-chain stablecoin called USD0.
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Usual is designed to be a multi-chain platform. It connects with a variety of tokenized RWAs to make stablecoin transactions smoother and more reliable. The platform ensures that these assets are easily verifiable on-chain, providing full transparency. This decentralized approach helps build a more robust crypto environment, where users can trust the system’s integrity. The technology allows for seamless integration across different blockchain networks, offering greater flexibility in how stablecoins are used.
USUAL Token Airdrop Details
Binance has partnered with Usual to launch its 61st project on the Binance Launchpool. The $USUAL token is now available for an airdrop, allowing users to participate by locking BNB and FDUSD. USUAL tokens will be issued over four days, finishing on November 18, 2024, and users can start farming them on November 15, 2024. The airdrop’s total rewards pool is 300 million USUAL tokens, or 7.5% of the total token supply. The farming process will happen in two pools: BNB and FDUSD, with different reward distributions for each.
In the farming period, participants can earn USUAL tokens by locking their BNB and FDUSD in designated pools. The BNB pool will have 255 million USUAL tokens in rewards, making up 85% of the total reward pool. The FDUSD pool will have 45 million USUAL tokens, representing 15% of the rewards. The BNB pool will receive 63.75 million USUAL tokens each day, while the FDUSD pool will receive 11.25 million USUAL tokens. The total amount of daily rewards will be divided between the two pools. November 15–18, 2024 is when the farming incentives will be given out.
Following the farming season, Usual will list its token on Binance’s Pre-Market starting November 19, 2024, at 10:00 UTC. During the Pre-Market phase, the USUAL/USDT trading pair will be available. However, the specific dates for the end of Pre-Market and the official spot listing are still to be announced. For additional updates on this, users should keep checking back. Checking eligibility before joining is crucial because attendance in the Pre-Market phase is contingent upon the user’s nation or region of residence.
Usual has a total token supply of 4 billion USUAL tokens. Approximately 494.6 million USUAL tokens, or 12.37% of the total supply, will be in circulation at the time of listing. The rest of the tokens will be distributed over time through different mechanisms like the airdrop and other token distributions. The Launchpool will offer 300 million USUAL tokens in rewards, with the BNB pool receiving the bulk of the rewards at 85%. A smaller portion of the rewards (15%) will be allocated to the FDUSD pool.
To participate in the USUAL token airdrop, users will need to lock their BNB and FDUSD in the designated pools on Binance. The website for locking tokens will be launched soon, and users should ensure they complete the KYC process on Binance. The maximum holding limit per user is 40,000 USUAL, with separate limits for the BNB and FDUSD pools. The farming period will run from November 15, 2024, to November 18, 2024, so users should take action within that timeframe to earn their share of the rewards.
