Binance Set to Launch USUAL Stablecoin on Nov. 19
STABLE
TOKEN
TOKEN
LPOOL
USUAL
Binance, one of the leading crypto exchanges, will introduce the stablecoin USUAL on Nov. 19. Trading support for USDT and USUAL pairs will be provided on the platform. On Nov. 14, Binance released a notice highlighting the launch of its 61st project through Binance Launchpool. This initiative marks the debut of USUAL as a stablecoin. The Usual webpage is anticipated to become accessible approximately 12 hours prior to its pre-market release on Nov. 19 at 10:00 UTC.
Binance to Debut New Stablecoin Project Backed by Prominent Partners
Usual Labs, the decentralized issuer behind USUAL, is backed by numerous partners and supporters, including Kraken, Mantle, Starkware, GSR, and over 150 other investors. The initial token launch is planned for the Ethereum network. Users engaging with the launch will have an opportunity to receive airdrops of USUAL tokens. These rewards will be distributed in BNB (BNB) and FDUSD (FDUSD) and are scheduled to take place within four days, with farming for USUAL tokens commencing on Nov. 15 at 00:00 UTC.
In a statement shared on its X account, Usual noted that its stablecoin model prioritizes community engagement, relying on a revenue-based structure. According to CoinMarketCap data, USUAL’s trading price experienced a 0.08% increase, bringing it to $0.9991. The stablecoin has a total market cap of $345.71 million, with a supply of 346 million tokens in circulation.
Binance has allotted a total token supply of 4 billion USUAL tokens. Of this supply, 7.5% is designated for user rewards. Upon listing, the circulating supply will account for 12.37% of the total, equating to 494,600,000 USUAL tokens. The stablecoin will initially be available for trading through USUAL/USDT pairs. Pre-market trading is currently available, with further details regarding pre-market closing and spot listing times to be announced by the exchange in the future.
In recent developments, Usual Labs completed a community funding round, successfully raising $1.5 million. The funding participants included The Echonomist, Breed Syndicate, and Comfy Capital.
The Usual stablecoin ecosystem, launched under the name USD0 in February 2024, operates as a permissionless stablecoin backed by real-world assets. In addition to its stablecoin function, it serves as a governance token, enabling users to participate in decision-making processes related to the network’s future direction.
Introducing $USUAL on #Binance Launchpool and Pre-Market!
Read more 👉 https://t.co/Iwkn2lnYxU pic.twitter.com/QeD8XXbafH
— Binance (@binance) November 14, 2024
Best Wallet Token Presale: A Promising Utility Crypto with High Growth Potential”
The presale for BEST, the native token of Best Wallet, has recently launched and is gaining substantial interest within the crypto community. At present, access to this presale is limited to Best Wallet users, providing an exclusive opportunity for those already involved with the platform. However, the presale will open up to the broader public in December, inviting new investors to participate in what is being viewed as a promising venture.
More than just a standard crypto wallet, Best Wallet is envisioned as a complete decentralized finance (DeFi) ecosystem. As a decentralized, non-custodial platform, Best Wallet offers support for a broad range of blockchain assets, enabling users to manage, swap, and secure their digital holdings seamlessly. BEST functions as the native token within this growing ecosystem, granting access to various platform-specific benefits and powering an extensive suite of features.
Holding the BEST token comes with several perks, including reduced transaction fees for activities such as trading, swapping, and other wallet functions. Additionally, BEST holders gain exclusive entry to early-stage presales available through Best Wallet’s aggregator, offering potential for strategic investments ahead of public release. Staking opportunities are also available, providing enhanced annual percentage yields (APYs) for users seeking passive income. As an ERC-20 token with a fixed total supply of 10 billion, the project aims to raise $10 million during its presale phase.
The projected success of BEST is closely tied to the expansion of the Best Wallet platform itself. As the platform continues to develop, a significant number of investors are showing strong interest in BEST, considering it as a potential high-growth investment. Many believe it has the potential to become one of the top gainers of the year, a sentiment bolstered by the current positive market trends, which increase the attractiveness of projects with tangible utility and a clear growth strategy.
Related News
