The Usual (USUAL) token has been listed on Binance Launchpool, and pre-market trading will commence shortly.
Market optimism has been sparked by the recent announcement of the Usual (USUAL) listing on Binance Launchpool. Users will have the opportunity to acquire the tokens upon the listing’s launch. The farming procedure will commence on the exchange, enabling users to secure their BNB and FDUSD to earn USUAL rewards.
USUAL to be Featured in Binance Launchpool
USUAL will be listed on Binance Launchpool beginning November 14. This announcement signifies the commencement of pre-market trading for Usual, a decentralized fiat-backed stablecoin, on November 19. Exchange users can lock BNB and FDUSD to generate USUAL tokens, with rewards distributed over four days.
The USDT token will be coupled with the USUAL token for pre-market trading, enabling users to trade the token upon the pair’s launch. USUAL tokens will be cultivated as users engage in Binance’s Launchpool offering.
The utmost holding limit for each user is 40,000 USUAL tokens, with a total token supply of 4 billion USUAL. 7.5% of the 300 million tokens will be allocated for Launchpool rewards. This initiative is a substantial stride toward the exchange’s expansion of its function in the decentralized finance (DeFi) sector.
Nevertheless, users from specific countries, including the United States, Canada, Japan, and North Korea, will not be eligible to participate. Binance has mandated that individuals who intend to harvest USUAL tokens must undergo KYC verification.
Market Performance and the BNB Ecosystem
The listing of Usual on Binance Launchpool represents a new chapter in the DeFi space, as it provides a decentralized fiat-backed stablecoin. Meme tokens such as ACT and PNUT have experienced significant price increases following their listings, suggesting a considerable market interest in new initiatives. This launch coincides with this trend.
The BNB Price is currently trading at $634, with a 24-hour low of $605 and a high of $659. The coin has experienced a 5% increase in the past 24 hours, a 6.8% increase over the past week, and a 7.6% gain over the last month. It exhibits robust demand, as evidenced by its $3.7 billion 24-hour trading volume.
A favorable trend is currently being observed in the global crypto market. Furthermore, the recent election victory of Donald Trump in the United States has incited optimism among Bitcoin supporters. CZ, the founder of Binance, is also garnering attention for his latest initiative, Giggle Academy. The project aims to provide users in critical target countries with educational resources.