As a seasoned researcher with a knack for deciphering the complexities of the digital economy, I find myself intrigued by Binance’s latest addition to its Launchpool – Usual (USUAL). With over 60 projects under its belt, Binance continues to push the boundaries of decentralized finance.
Binance has announced that Usual (USUAL), a decentralized Fiat Stablecoin issuer, is now part of its Launchpool. This news was shared on their official site and marks the 61st project added to Binance Launchpool, a platform where users can deposit assets to earn new tokens.
Binance Asks Users to Participate in USUAL Airdrops
As per the announcement, the distribution of the USUAL token is scheduled to start on November 15, 2024. This distribution process will span across four days, concluding on November 18, 2024. Subsequently, pre-market trading will commence on November 19, 2024.
Starting from midnight (UTC) on November 15, an airdrop is set to occur for BNB (Binance Coin). To participate, users are requested to secure their BNB tokens. Meanwhile, the Binance Launchpool offers a chance to farm USUAL tokens by staking BNB tokens, with this process concluding at 11:59 PM UTC on November 18.
Throughout the farming phase, a distribution of 300 million typical tokens (representing 7.5% of the overall token supply) is planned via these airdrops.
Binance has disclosed the specifics of the airdrop distribution. According to their statement, 255 million USUAL tokens (which represents 85% of the total prizes) are earmarked for those who stake in the BNB pool. Meanwhile, participants in the FDUSD pool will receive the remaining 45 million USUAL tokens, equivalent to 15% of the rewards.
To maintain a balanced distribution and avoid excessive concentration, Binance has set a maximum holding limit for each user. This means that users in the BNB and FDUSD pools can only hold up to 265,625 USUAL and 46,875 USUAL respectively, per hour.
Pre-Market Trading
Starting after the farming stage, USUAL tokens will be available for pre-trading on Binance from November 19, 10:00 UTC. During this initial phase, users can trade USUAL/USDT pairs ahead of the full token launch.
Binance also placed a maximum holding limit of 40,000 USUAL tokens on users for this phase.
As a researcher exploring opportunities in USUAL farming or pre-market trading on Binance, it’s essential to note that you must first complete their Know Your Customer (KYC) verification process to gain access.
Additionally, it’s worth noting that eligibility for Binance’s pre-market activities is contingent on a user’s geographical location. This is due to certain regions being subjected to restrictions. Countries like Australia, Canada, Cuba, the United States, and its territories are among those affected, along with others.
As an analyst, I haven’t received a specific timeframe yet from Binance regarding when pre-market trading will conclude. Nevertheless, based on previous listings, I anticipate that they will disclose the details about this upcoming official listing in due course, be it sooner or later.
Read More
Sorry. No data so far.
2024-11-14 13:51