Binance has announced its latest Launchpool project, Usual (USUAL), which is a decentralized fiat stablecoin issuance platform. The coin will first be listed on Binance, with preliminary market transactions set to begin on November 19, 2024. Binance emphasized that trading activities for the USUAL coin will not take place before this date, warning users that any contrary claims could be misleading.
Details of the Launchpool for USUAL Coin
Usual is the 61st project in Binance Launchpool, featuring a total supply of 4 billion coins. For the initial distribution, a total of 300 million USUAL coins have been allocated. Users can farm USUAL coins by locking BNB and FDUSD coins from November 15, 2024, for four days, gaining access to rewards from both pools.
During this period, participants will have access to rewards of 255 million USUAL coins from the BNB pool and 45 million from the FDUSD pool. Initially, 494.6 million coins will be in circulation, as Usual operates on the Ethereum $3,140 blockchain.
A limit of 40,000 USUAL coins per user has been established, with hourly pool limits set at 265,625 USUAL coins for the BNB pool and 46,875 USUAL coins for the FDUSD pool. Users must complete KYC verification on Binance to participate in the Launchpool.
Pre-Market Transactions Begin
Binance will open pre-market transactions for the USUAL coin on November 19, 2024, at 13:00 UTC, with trading initially available against the USDT pair. Participation in pre-market transactions will be subjected to regional restrictions. Binance will provide separate announcements regarding the spot listing and the conclusion of pre-market trading.
While aiming to provide a secure investment experience, Binance advises users to take cautious steps when trading in the Launchpool and pre-market transactions.