Binance has launched its latest token, Usual (USUAL), through the Binance Launchpool, marking the platform’s 61st project. The exchange allows users to earn USUAL tokens by farming Binance Coin (BNB) and FDUSD, leading up to its pre-market debut on November 19, 2024. Positioned as a decentralized fiat stablecoin issuer, USUAL aims to enhance Binance’s token ecosystem by offering a more stable and accessible digital asset.
The initial farming period for USUAL begins on November 15, allowing users to acquire tokens before they enter the broader market. A total of 300m USUAL tokens will be distributed to Launchpool participants in the form of both BNB and FDUSD. Binance had previously escalated security alert, warning users about an imitation of the USUAL token before its official release date, and recommending users to avoid third parties.
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Tokenomics and Exclusive Access for Eligible Users
With a total token supply of 4 billion, Binance has capped individual holdings at 40,000 USUAL per user to encourage a fair distribution. USUAL token exists on the Ethereum platform and will have a total supply of about 494,600,000 (12.37% of total token supply) at the time of listing. Due to this fact, during the pre-market trading period, thousands of users can obtain USDL through trading with the USUAL/USDT trading pair, and Binance directs eligible users to this exclusive trading deal.
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The structure of USUAL at Binance through Launchpool shows the priority of the exchange on the issues of transparency and security. To achieve relative fairness and safety, Binance has massively limited the amount that users are allowed to hold and incentivized early farmers. The exchange will disclose more information about the token’s full spot listing after the pre-market token launch.
Conclusion
With the release of USUAL, Binance is expanding its ecosystem and offering users the chance to engage with a new digital asset ahead of the market. This Launchpool initiative demonstrates Binance’s ongoing commitment to creating secure, early-access opportunities for users in the rapidly evolving cryptocurrency landscape.
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Maxwell Mutuma
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. He writes extensively on topics such as blockchain, cryptocurrency, tokens, and more for top publications such as Coingape, Coin Edition, and The Coin Republic. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.