Binance Launchpool: How to participate to win USUAL tokens?

Why participate in the Binance Launchpool?

For the 61st iteration of its Launchpool, the Binance cryptocurrency exchange welcomes the Usual project, which aims to revolutionize the stablecoin market with its USD0, which has the particularity of being based on real-world assets (RWA).

Concretely, Binance Launchpool allows users to earn new tokens by locking BNB or FDUSD. This process, known as staking, provides an opportunity to earn rewards very simply.

💵 Find our guide to buying BNB with ease

By depositing BNB or FDUSD on the Binance Launchpool for a period of a few days, it is possible to earn a portion of the tokens of a particular project in proportion to the amount of cryptocurrencies deposited.

Note that for this iteration dedicated to Usual, only staking BNB, Binance's native cryptocurrency, is possible to be eligible in France.

At the end of the lock period, the allocation of the relevant token is distributed to all users who participated in the Binance Launchpool. And, of course, the BNB (or FDUSD for other editions) goes back to their Binance wallet. It is therefore a free operation, subject to holding BNB or FDUSD.

Here is a summary of the advantages of the Binance Launchpool:

• Early access to new tokens: Participate in innovative projects from their launch and obtain tokens before their listing on the market;
• Flexibility and control: Your committed tokens are only locked for a very short period;
• Safety and reliability: By using the Binance platform, you benefit from a secure environment for staking and receiving your rewards;
• Attractive potential returns: Staking via Launchpool can offer attractive returns, although these depend on the performance of the selected projects. In any case, this remains an operation at no additional cost.

Earn USUAL tokens by participating in the Binance Launchpool

What is the Usual project and why is it interesting?

Usual is a decentralized platform which aims to give power back to its users and which is centered around 3 cryptocurrencies:

• USD0 : This is Usual's flagship asset. It is a fully decentralized dollar-backed stablecoin, backed by liquid RWAs and considered risk-free, such as money market funds. It can be used freely within DeFi;
• USD0++ : By depositing USD0, Usual users obtain USD0++, allowing them to take full advantage of the growth of the protocol by being participants themselves. USD0++ also pays rewards when staked, in the form of USUAL tokens. Note that USD0++ can be purchased on the secondary market;
• The USUAL token: It is the governance token of the Usual protocol. It allows you to actively participate in the evolution of the Usual ecosystem, in particular by influencing decisions relating to treasury management, collateral policy, or even the distribution of protocol revenues. The USUAL token can be staked to generate additional rewards.

Usual was born from a simple observation: In 2023, stablecoins backed by fiat currencies, such as those issued by Tether and Circle, will generate more than $10 billion in revenue, with valuations exceeding $200 billion. However, the users, at the origin of their success, do not benefit from any part of these gains.

💲 Learn everything about stablecoins with our dedicated guide

This is why, by combining security and enthusiasm around RWA as well as total decentralization via a governance system which redistributes value to its users thanks to the USUAL token, the project wants “ rebuild Tether on-chain “.

By allocating governance tokens to users and third parties who provide value, Usual realigns financial incentives and puts power back in the hands of the community.

“ Become an owner, not just a user, » as the project itself says.

Earn USUAL tokens by participating in the Binance Launchpool

To participate in the 61st Binance Launchpool, just create an account on Binance, acquire or hold BNBthen go to the tab ” More ” and choose “Launchpad and Launchpool”.

From there, with the staking period starting today, you can immediately stake your BNB, without fees, to start farming USUAL tokens.

💡 Find our detailed guide to participating in a Binance Launchpool

Once this lockdown period of a few days is over, i.e. on November 18 at 11:59 p.m., Binance will pay out up to 300 million USUAL tokens to participants in this Launchpool, or 7.5% of the total supply.

At the time of listing the USUAL token on Binance, the circulating supply of the latter will be 494.6 million tokens, or 12.37% of the total supply.

The Binance pre-market will list the USUAL token on November 19 at 9 a.m. (French time) for the USUAL/USDT pair. The date of listing on the classic Spot market has not yet been announced by Binance.

Here is the important information regarding the Binance Launchpool dedicated to Usual:

• The farming period on Binance using BNB will end on November 18 at 10:59 p.m. (French time);
• 300 million USUAL tokens will be paid to users who have staked BNB, with a limit of 40,000 tokens per individual;
• The number of tokens allocated to each user will be determined based on the amount of BNB deposited in the pools, as well as the total duration of farming;
• The USUAL token will be listed on the Binance pre-market on November 19 at 9 a.m., with the USUAL/USDT pair.

Earn USUAL tokens by participating in the Binance Launchpool

Source: Binance

This article is published as part of a commercial collaboration. Cryptoast has carried out prior research on the products or services presented on this page but cannot be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to cryptoassets are risky by nature, readers should do their own research before taking any action and only invest within their financial capabilities. This article does not constitute investment advice.

The #1 Crypto Newsletter 🍞

Receive a summary of crypto news every day by email 👌

What you need to know about affiliate links. This page may feature investment-related assets, products or services. Some links in this article may be affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no harm to you and you can even get a bonus using our links.

Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and cannot be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to cryptoassets are risky by nature, readers should do their own research before taking any action and only invest within their financial capabilities. This article does not constitute investment advice.

AMF recommendations. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your capacity to lose part of this savings. Do not invest if you are not prepared to lose all or part of your capital.

To go further, read our Financial Situation, Media Transparency and Legal Notices pages.

As Editor-in-Chief of Cryptoast, I am committed to making the world of cryptocurrencies and Web3 accessible to everyone. An expert in identifying the most relevant news, I attach great importance to the quality of the articles produced by Cryptoast. I ensure that our readers benefit from reliable, verified information presented in a clear and easy-to-read manner. My goal is to share quality knowledge to better inform and educate our audience about this constantly evolving world.

Maximilien Prué

1309 items