Binance has officially introduced its latest Launchpool project, Usual (USUAL), marking a significant addition to its offerings. This decentralized stablecoin issuance platform will debut on Binance, with market transactions commencing on November 19, 2024. The exchange has cautioned users that trading for USUAL will not begin until this date, emphasizing the importance of avoiding misleading information regarding early transactions.
What to Know About USUAL Coin?
Usual represents the 61st project in Binance’s Launchpool initiative, boasting a total supply of 4 billion coins. For its initial distribution phase, Binance has allocated 300 million USUAL coins. Users can participate in farming USUAL by locking BNB and FDUSD coins from November 15, 2024, for four days, thereby accessing rewards from both pools.
How Will Pre-Market Transactions Work?
During the farming period, participants can earn rewards comprising 255 million USUAL coins from the BNB pool and 45 million from the FDUSD pool. With the USUAL coin operating on the Ethereum blockchain, an initial supply of 494.6 million coins will be in circulation. Binance has set a cap of 40,000 USUAL coins per user, with hourly limits for pools.
Pre-market transactions are set to launch on November 19, 2024, at 13:00 UTC, allowing trading against the USDT pair. However, access will be subject to regional restrictions. Users are encouraged to remain vigilant when participating in pre-market and Launchpool trades to ensure a secure investment experience.
Key Highlights:
– Total supply of Usual: 4 billion coins.
– Initial distribution of 300 million USUAL coins.
– Farming period: November 15, 2024.
– 40,000 USUAL coins cap per user.
– Pre-market trading begins on November 19, 2024.
This strategic launch aims to bolster Binance’s portfolio while providing users with innovative trading opportunities within a secure framework.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/binance-introduces-usual-as-new-launchpool-coin