Binance Launchpool To List Usual (USUAL) With Pre-Market Trading

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As a seasoned analyst with years of experience navigating the dynamic world of cryptocurrencies, I find myself intrigued by Binance Launchpool’s latest move to list USUAL. With a background in finance and technology, I appreciate the strategic implications of this decision, especially considering the recent success stories of meme tokens like ACT and PNUT.

Binance‘s Launchpool has just announced the addition of Usual (USUAL) to its platform, generating excitement in the market. This listing launch provides users with a chance to cultivate tokens through a process known as farming. The farming process will commence on the exchange, enabling users to deposit their BNB and FDUSD to receive USUAL rewards.

Binance Launchpool to Feature USUAL

Binance has announced that it will start supporting USUAL, a new decentralized fiat-backed stablecoin, from November 14. Pre-market trading for this coin will commence on November 19. By locking their BNB and FDUSD tokens, users can participate in farming USUAL tokens, earning rewards over four days.

In simpler terms, you’ll exchange the USUAL token for USDT during pre-market trading. Once the trading pair becomes active, you can start trading the USUAL token. Also, the generation of USUAL tokens commences when users take part in Binance’s Launchpool program.

Every user can store up to 40,000 USUAL tokens individually, as the total number of USUAL tokens amounts to 4 billion. Out of this, around 300 million tokens or 7.5% will be reserved for Launchpool incentives. This move is a substantial advancement in broadening our exchange’s influence within the decentralized finance (DeFi) sector.

Users hailing from specific nations, including the U.S., Canada, Japan, and North Korea, are not qualified to take part. It’s important to note that KYC (Know Your Customer) verification is compulsory for anyone aiming to farm USUAL tokens on Binance.

BNB Ecosystem And Market Performance

The addition of Usual to Binance Launchpool signifies the start of a fresh era within the DeFi sector, as it provides a decentralized stablecoin backed by fiat currency. This launch is significant as it follows the dramatic price increases experienced by meme tokens like ACT and PNUT post their listings, suggesting a high level of market enthusiasm for novel ventures.

At present, BNB is being transacted at around $634. Over the past 24 hours, it reached a low of $605 and a high of $659, indicating a 5% growth. Over the last week, its value has gone up by 6.8%, while over the last month, it has grown by 7.6%. This digital coin’s 24-hour trading volume is currently at approximately $3.7 billion, suggesting strong market interest.

Worldwide cryptocurrency markets are currently showing a positive upward trend, fueling enthusiasm among Bitcoin backers following Donald Trump’s U.S. election win. Meanwhile, the latest venture by Binance founder CZ, known as Giggle Academy, is garnering interest. This project focuses on providing educational resources to users in strategic countries.

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2024-11-14 17:11