What is Binance Launchpool?
Binance Launchpool is a platform that allows users to stake cryptocurrencies like BNB and FDUSD to receive tokens from new projects. Unlike other types of fundraising, users do not directly purchase tokens; they earn rewards proportional to the amount and duration of their stake. This approach promotes a more equitable distribution of tokens by rewarding small and large investors without additional costs.
What is the USUAL project?
USUAL is a project centered around a stablecoin that has just joined the Binance launchpool. The initiative aims to stand out with an initial distribution spread over a few days. Users can stake their assets to start receiving USUAL tokens, with specific rewards allocated depending on the crypto used (BNB or FDUSD). In total, 255 million USUAL tokens are intended for this distribution, representing 7.5% of the project's total supply.
How to participate in the USUAL launchpool on Binance?
To join the USUAL launchpool, users must have a verified Binance account (KYC completed) and lock their eligible tokens in the available pools. Starting November 15, 2024, users can participate by locking their BNB or FDUSD. The USUAL tokens earned are allocated according to the pools: 85% of the tokens for BNB holders and 15% for those using FDUSD. A "hard cap" system per user has been put in place to avoid excessive concentration of tokens, limiting the number of USUAL tokens held by each user per hour.
Potential benefits and risks
Binance’s launchpool has several advantages, including the ability to receive tokens for free and increased flexibility (funds can be released at any time). However, participants should be aware that token staking involves risk, including a potential decrease in the value of the cryptocurrencies used for staking such as BNB, which could reduce potential gains.
Conclusion
The USUAL launchpool allows users to gain exposure to a new project while maximizing their portfolio. The program ends on November 18, followed by a listing of USUAL for trading on November 19. Binance is expected to share further details on the project’s final phase to ensure increased transparency.
