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In an effort to ensure fair distribution and prevent concentrated holdings, Binance has also capped the maximum holding limit per user. It says users in the BNB and FDUSD pools may hold no more than an hourly hard cap of 265,625 USUAL and 46,875 USUAL, respectively.
Key Notes
Farming for USUAL tokens begins on November 15, 2024.Pre-market trading for USUAL starts on November 19, 2024.Crypto exchange Binance has revealed decentralized Fiat Stablecoin issuer, Usual (USUAL), as the latest addition to its Launchpool. The update was shared via a recent announcement on its official website. This announcement also marks the 61st project on Binance Launchpool, a place where users stake their assets to farm new tokens.
Binance Asks Users to Participate in USUAL Airdrops
According to the exchange, the USUAL token is set to begin airdrops on November 15, 2024. The airdrops will take place over four days before pre-market trading will then follow on November 19, 2024.
In anticipation of the airdrop, which begins at midnight (UTC) on November 15, however, users have been asked to lock up their BNB (Binance Coin) BNB $638.0 24h volatility: 5.5% Market cap: $93.45 B Vol. 24h: $3.47 B or FDUSD (First Digital USD) FDUSD $1.00 24h volatility: 0.2% Market cap: $2.31 B Vol. 24h: $12.53 B tokens to farm USUAL tokens in the Binance Launchpool. This exercise will end at 23:59 UTC on November 18.
During this farming period, a total of 300 million USUAL tokens (7.5% of the token’s total supply) will be distributed through these airdrops.
Binance shared the details of the airdrops as follows. The platform says it has allocated 255 million USUAL tokens (85% of the total rewards) for those staking in the BNB pool. As for those in the FDUSD pool, they will be entitled to the remaining 45 million USUAL tokens (15% of the rewards).
In an effort to ensure fair distribution and prevent concentrated holdings, Binance has also capped the maximum holding limit per user. It says users in the BNB and FDUSD pools may hold no more than an hourly hard cap of 265,625 USUAL and 46,875 USUAL, respectively.
Pre-Market Trading
Following the farming period, Binance will list the USUAL token for pre-market trading on November 19 at 10:00 UTC. In this phase, users are allowed early access to the USUAL/USDT trading pair even before the token fully launches.
Binance also placed a maximum holding limit of 40,000 USUAL tokens on users for this phase.
For anyone interested in joining the USUAL farming or pre-market trading, Binance says they are required to have completed the platform’s KYC (Know Your Customer) verification process.
On top of that, participation in Binance pre-market depends on the location of the user. The reason is that some regions have been placed under restrictions. These include Australia, Canada, Cuba, the United States of America, and its territories, among others.
For now, Binance has not communicated the exact time that the pre-market trading will end. However, it is expected that Binance will share the details of this official listing soon, sooner or later.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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