The leading cryptocurrency exchange, Binance, has announced Usual as the next project featured on their Binance Launchpool staking platform.
Until November 18, you can earn Usual (USUAL) tokens on Binance simply by staking your BNB or the FDUSD stablecoin. You can withdraw the coins you’ve staked at any time and keep the USUAL token rewards.
Binance plans to distribute 7.5% of the total USUAL token supply to users on Launchpool. This translates to 300 million USUAL tokens out of a total supply of 4 billion tokens.
85% of these rewards will be distributed to BNB stakers, while the FDUSD staking pool will receive 15%. However, this doesn’t necessarily mean that you will earn more USUAL if you stake BNB rather than the stablecoin. It all depends on how big your stake is relative to the size of the entire staking pool.
At the conclusion of the Usual Launchpool campaign, Binance will list USUAL on November 19 in the pre-market.
Introducing $USUAL on #Binance Launchpool and Pre-Market!
Read more 👉 https://t.co/Iwkn2lnYxU pic.twitter.com/QeD8XXbafH
— Binance (@binance) November 14, 2024
What is Usual (USUAL)?
Usual is a new decentralized finance platform that simplifies stablecoin management. With Usual, users can send, receive, and swap stablecoins in real time, making digital asset management both straightforward and efficient.
The platform offers an intuitive interface and real-time transaction capabilities, tailored for both beginners and experienced DeFi users. Usual also includes unique staking opportunities, allowing users to earn rewards as they engage with the platform.
Designed with a focus on security, transparency, and minimal fees, Usual aims to become a leading solution for anyone looking to maximize the potential of their stablecoin holdings in a decentralized ecosystem.
At the time of writing, more than $346 million worth of user crypto funds have been deposited into the Usual protocol, which speaks to its popularity despite being a new project.
How to earn USUAL tokens on Binance Launchpool
If you want to earn Usual farming rewards, you’ll need a Binance account.
Please keep in mind that only users who complete an identity verification process with Binance are eligible to participate in Usual farming on Binance Launchpool.
Once your account is ready, you’ll need some BNB or FDUSD tokens to stake. If you already own these tokens, you can deposit some to your Binance account. Otherwise, Binance offers plenty of ways to buy them with crypto or fiat.
After your account is verified and loaded with BNB and/or FDUSD, go to the menu on the top side of the Binance interface and select “More.” Then, go to “Launchpool.”
Then, find the available Toncoin farming pools. Depending on which tokens you want to stake, select the FDUSD Pool or BNB Pool. Then, follow the instructions provided by the exchange.
As a final note, here’s a quick breakdown of key dates and information about the Usual Launchpool campaign:
| Usual (USUAL) Launchpool | |
|---|---|
| Start Date | November 15, 2024, 00:00 (UTC) |
| End Date | November 18, 2024, 23:59 (UTC) |
| BNB Pool Daily Rewards | 191,250,000 USUAL |
| FDUSD Pool Daily Rewards | 33,750,000 USUAL |
| Total USUAL Rewards | 300,000,000 USUAL |
