Summary of the New Offering by Binance 🚀
Binance has recently unveiled a new initiative involving Usual (USUAL), a decentralized issuer of fiat stablecoins, marking it as the 61st project featured on its Launchpool. This year, users can look forward to the pre-market trading phase beginning on November 19, 2024. Engage in the latest developments around the token’s availability and farming specifics to stay informed.
Participation in Launchpool and Token Specifications 📈
If you are keen to engage in this offering, you have the opportunity to stake your BNB and FDUSD to earn USUAL airdrops. This staking activity will last for four days, starting from November 15, 2024, at 00:00 (UTC). The total availability of USUAL is pegged at 4 billion tokens, with Launchpool rewards comprising 300 million USUAL, representing 7.5% of the overall supply. Upon its listing on Binance, an initial 494.6 million USUAL tokens will circulate, corresponding to 12.37% of the entire supply.
Pre-Market Trading Dynamics and Eligibility Criteria 📊
Post the Launchpool event, Binance will initiate trading for the USUAL/USDT pair in the pre-market segment. The end date for this trading window and the timing for official spot listing will be shared in due course. To partake in pre-market trading, you must meet specific eligibility standards which vary depending on your country or region.
Farming Duration and Participating Pools 🌾
The farming timeline for USUAL is slated from November 15 to November 18, 2024. Two primary pools will facilitate this process: the BNB pool, which allocates a reward of 255 million USUAL, and the FDUSD pool offering 45 million USUAL. Comprehensive details regarding these pools will be made available on dedicated pages about 24 hours prior to the commencement of the Launchpool.
Important Guidelines and Limitations 🚧
In anticipation of the pre-market phase, Binance has set forth several guidelines for user participation. There exists a cap on the maximum number of tokens that a user can hold; those with holdings surpassing this cap in their Spot Accounts will find themselves unable to acquire more tokens. Note that only master and ordinary user accounts can partake in pre-market activities, while sub-accounts will not have access.
Furthermore, to engage in this process, users must update to Binance App version 2.89.0 or later. During the pre-market phase, certain functionalities, including the ability to withdraw, transfer, or deposit, will be temporarily disabled.
It is crucial to conduct diligent research to safeguard your assets and be wary of misleading claims regarding the token’s availability prior to the official pre-market kickoff.
Hot Take: A New Dawn for Stablecoins? 🌅
The launch of USUAL seizes the moment in a world where stablecoins continue to shape the cryptocurrency landscape. By combining decentralized principles with fiat backing, Usual presents an intriguing alternative for crypto users. Understanding the benefits and potential risks of participating in such offerings will enhance your strategic positioning in trading and farming activities as this year progresses. Always prioritize informed decision-making to enhance your trading experience and protect your investments in this evolving market.
For additional details, refer to the sources provided at the end of this article.
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