As a seasoned analyst with years of experience in the volatile world of cryptocurrencies, I find the upcoming launch of the stablecoin USUAL on Binance intriguing. My interest is piqued not only by the involvement of reputable entities like Kraken and Mantle, but also by Usual Labs’ unique revenue-based model that prioritizes its community members.
On November 19th, Binance will pioneer the release of the stablecoin known as USUAL. This digital currency will be available for trading alongside USDT, with both being supported by Binance for exchanges.
On November 14th, Binance revealed that the 61st project, the stablecoin called Usual, will debut on Binance Launchpool. The Usual website is anticipated to go live 12 hours before the pre-sale launch scheduled for November 19th at 10:00 UTC.
Common Labs serves as a decentralized platform for issuing stablecoins tied to fiat currency, with support from key players like Kraken, Mantle, Starkware, and GSR, alongside over 150 investors. The launch of this token is planned on the Ethereum blockchain network.
As per the latest update, users can anticipate receiving airdrops of USUAL tokens, both in BNB (Binance Coin) and FDUSD (Fusion Dollar), within the next four days. The farming for USUAL commences on November 15 at 00:00 UTC.
As per the post by Usual X, this stablecoin operates on a model that emphasizes its community, with revenue distribution as its primary focus.
Based on information from CoinMarketCap, the Usual stablecoin has increased by 0.08% and is now being traded at a price of $0.9991. The stablecoin boasts a market capitalization of $345.71 million and a total supply of 346 million USUAL tokens.
On Binance, a grand total of 4 billion USUAL tokens are available, and 7.5% of these tokens have been set aside for rewarding users. To begin with, the initial circulating supply for the listing of this stablecoin will consist of approximately 12.37% of the entire token supply, which equates to around 494,600,000 USUAL.
Pre-market trading of USUAL can now commence in USUAL/USDT pairs. Currently, it is exclusively available for pre-market trading; the exchange has not yet specified when the pre-market closure and spot market listing times will be announced.
Last week, the stablecoin issuer completed a round of community funding which raised a total of $1.5 million. The Echonomist, Breed Syndicate, and Comfy Capital were among the investors participating in the community round.
Usual introduced the stablecoin USD0 in February 2024, describing it as a permissionless stablecoin backed by real-world assets. It also serves as a governance token that allows users to vote on the network’s future.
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2024-11-14 13:34