In the volatile world of cryptocurrencies, stablecoins have emerged as a solid anchor, providing stability and trust. And among the myriad of stablecoins on the market, Usual is attracting attention with its unique and potential approach. So what is Usual? Let's find out with Futures Bitcoin.
What is Usual?
Usual is a blockchain platform focused on issuing stablecoins backed by real-world assets (RWA). With a decentralized operating mechanism, Usual empowers ownership and governance to the user community through the USUAL token.
Usual is a blockchain platform focused on issuing stablecoins backed by real-world assets[/caption]
The core goal of the platform is to provide a safe, reliable stablecoin that not only helps users protect their capital from market volatility but also opens up opportunities to increase profits through diverse financial products.
What are the highlights of Usual?
Usual differentiates itself by combining the power of real-world assets (RWA) and decentralized finance (DeFi) models. This approach helps address the limitations and risks commonly found in traditional stablecoins.
Usual combines the power of real world assets (RWA) and decentralized finance models[/caption]
The platform operates across multiple blockchains, allowing Usual to connect with reputable financial institutions such as BlackRock, Ondo, Mountain Protocol, M^0, and Hashnote to access high-quality RWA assets. These assets are then tokenized and used to back the value of Usual’s stablecoin, providing transparency, trust, and easy integration.
After only 4 months of launch, Usual has achieved remarkable success. As of November 19, 2024, the total value locked (TVL) on the platform has reached 380 million USD, showing the trust and strong attraction from the community. In particular, the USUAL token being listed on Binance Launchpool on November 15, 2024 is an important step, opening the door for Usual to access the global market and attract more users.
How Usual Works
Usual operates on a closed-loop process, tightly connecting governance, stablecoin issuance and value creation, creating a decentralized, transparent and secure ecosystem. This value cycle includes three main steps:
1. Issue stablecoin USD0:
Users can participate in the system by depositing collateral assets, including stablecoins like USDC or real-world assets (RWA) backed by Usual. The system will use these assets to issue USD0, a fully-backed stablecoin whose value is pegged to the US dollar.
Usual operates on a closed loop process[/caption]
2. Create value with USD0++:
To encourage users to participate and hold stablecoins, Usual offers USD0++, an upgraded version of USD0. By locking USD0, users can earn USD0++ and enjoy many attractive benefits, including:
Receive USUAL token rewards: Users holding USD0++ will receive rewards in USUAL tokens, the platform's governance token.
Profit Sharing: The value of USD0++ is tied to the growth of the Usual ecosystem. As the platform grows, the value of USD0++ will also increase, bringing profits to holders.
3. Liquidity assurance:
To maintain stable operations and ensure liquidity for the system, Usual cooperates with Collateral Providers (CP). These partners play an important role in providing a diverse and quality source of RWA, helping to meet the demand for issuing stablecoin USD0.
Thanks to the harmonious combination of the above three factors, Usual creates a sustainable value circle, bringing benefits to all participants and promoting the development of the ecosystem.
What are Usual products?
USD0
USD0 is a stablecoin designed to provide users with optimal stability and security. Unlike popular stablecoins such as Tether (USDT) or USDC, which are dependent on the traditional banking system and can be affected by bankruptcy risks, USD0 is directly pegged 1:1 to real assets - US Treasury bills (T-Bills) through overnight repo contracts. This mechanism helps to minimize risks and ensure a stable value for USD0, even when the market is highly volatile.
USD0 is a stablecoin designed to provide optimal stability and security for users[/caption]
To overcome the limitations of existing stablecoins, USD0 is built on four outstanding features:
Security: USD0 is backed by carefully selected, high-quality collateral assets and rigorous risk management. This ensures that the value of USD0 is always protected and users can use it with peace of mind.
Transparency: Usual is committed to transparently disclosing information about USD0 collateral in real time. Users can easily track and verify this information, completely eliminating the risk of fractional reserves common in other stablecoins.
Efficiency: USD0 acts as a bridge, connecting liquidity from the real-world asset (RWA) market to DeFi. This facilitates users to access and exploit the potential of the RWA market, while promoting the development of DeFi.
Fairness: Usual operates on a decentralized model, all profits from USD0 will be distributed fairly to the user community, instead of being concentrated in a small group of shareholders.
With its outstanding advantages, USD0 promises to become a new generation stablecoin, bringing peace of mind and trust to users in the volatile cryptocurrency world.
USD0++
USD0++ is a Liquid Bond Token (LBT) created by locking USD0 for a fixed period of time (currently 4 years). This mechanism not only helps to increase the stability of the system but also brings many attractive benefits to USD0++ holders, including:
USD0++ is a Liquid Bond Token (LBT)[/caption]
1. Alpha yield (α-yield): Users holding USD0++ will receive daily USUAL token rewards. The amount of USUAL tokens distributed is proportional to the growth of the Usual protocol, meaning that as the platform grows, users will receive more rewards.
2. Base Interest Guarantee (BIG): In addition to Alpha yield, USD0++ also provides a minimum yield based on the interest rate of the collateral used to issue USD0. This yield is paid in USD0 every 6 months, ensuring a stable income for holders.
3. Liquidity: USD0++ can be freely traded on secondary markets. This makes it easy for users to buy, sell and convert USD0++ into other assets when needed, ensuring high liquidity.
4. Protocol Ownership: By holding USD0++, users become part of the Usual community and have the right to participate in the system governance process. They can vote on important proposals, contribute to the development of the platform, and benefit from the overall growth of the Usual ecosystem.
In short, USD0++ is an attractive financial instrument, giving users the opportunity to optimize profits and participate in the development of a promising stablecoin platform.
USUAL
USUAL is the native token of the Usual platform, playing a key role in the operation and development of the ecosystem. This token not only provides governance rights to the holder but also integrates many useful features, creating motivation for community participation and contribution.
USUAL is the native token of the Usual platform[/caption]
Decentralized Governance: USUAL empowers holders to participate in Usual governance. They can vote on important proposals, from changing system parameters to choosing future development strategies, ensuring decentralization and transparency.
Deflationary issuance mechanism: The number of USUAL tokens issued is not fixed but depends on the total value of USD0++ locked in the system. This mechanism helps control the token supply, limit inflation and promote value growth as the ecosystem expands.
Sustainable Revenue Model: The issuance rate of USUAL is tied to the future cash flow of the platform. This ensures that the token inflation rate is always lower than the growth rate of revenue and reserves, creating a solid financial foundation for long-term development.
Attractive staking rewards: Users can stake USUAL to participate in governance and receive rewards. 10% of all newly issued USUAL tokens will be distributed to staking participants, incentivizing long-term holding behavior and contributing to system stability.
Gauge mechanism optimizes liquidity: USUAL is used in the Gauge mechanism, allowing the community to direct and allocate liquidity efficiently. This mechanism helps optimize the operation of liquidity pools and ensure the stability of the system.
Flexible Collateral Management: USUAL holders have voting rights to decide on the type of collateral accepted in the system and their respective weights. This helps Usual stay flexible and adaptable to market conditions, while ensuring the stability of the USD0 stablecoin.
Efficient reserve fund management: USUAL token also provides the right to manage the platform's reserve fund. The community can decide how to use the reserve fund to optimize profits and increase capital efficiency, contributing to the sustainable development of Usual.
With diverse functions and benefits, USUAL plays an important role in connecting the community, promoting development and strengthening Usual's position in the stablecoin market.
Usual Project Team
Usual is led by a talented leadership and development team with extensive experience in key areas such as finance, technology and politics. The combination of deep expertise and strategic vision of this team is a key factor contributing to the success of the project.
Usual is led by a talented and experienced leadership and development team[/caption]
Pierre Person (CEO): He was a member of the French National Assembly, bringing to Usual deep policy insights and management experience at the national level.
Adli Takkal Bataille (DEO): With experience managing the DeFi fund OG Liquid, Mr. Adli Takkal Bataille is an expert in the field of decentralized finance, contributing to the construction and development of Usual's DeFi products.
Hugo Sallé de Chou (COO): As a FinTech entrepreneur and co-founder of Pumpkin, a successful peer-to-peer (P2P) payments platform, Hugo Sallé de Chou brings operational and business development experience to Usual.
Manfred Tourron (CTO): A core contributor to Tendermint, Gnoland, and Scaleway, Manfred Tourron is a leading expert in blockchain technology, ensuring a solid technical foundation for Usual.
Pete (CFO): With 10 years of experience as a Quant at BNP Paribas, Mr. Pete has a deep understanding of quantitative finance and budget management, helping Usual manage finances effectively.
Allan Floury (VP Product): As a lead developer in the Cosmos and Starknet ecosystems, Mr. Allan Floury is responsible for developing strategic products that contribute to ecosystem expansion and user acquisition.
With this experienced team at the helm, Usual is well-positioned to deliver on its mission, delivering a safe and efficient stablecoin solution to its users.
Usual Investors and Partners
Usual receives strong support from reputable investors and strategic partners, creating a solid foundation for the project's development and expansion.
Investor
Strategic Funding Round: On April 17, 2024, Usual completed a Strategic funding round of $7 million. This funding round was led by two major investment funds, IOSG Ventures and Kraken Ventures, demonstrating the confidence of professional investors in the project's potential.
Crowdfunding: Following the success of the Strategic funding round, Usual continued to raise $1.5 million through crowdfunding on November 6, 2024. The enthusiastic support from the crypto user community further affirmed the attraction and trust in Usual.
Usual receives strong support from prestigious investors and strategic partners[/caption]
Partner
Usual partners with many big names in the blockchain industry to optimize products and expand the ecosystem:
Bail Security: Usual partners with Bail Security to ensure the safety and security of users' collateral, reinforcing trust and peace of mind for the community.
Balancer and Curve Finance: Integration with leading DeFi platforms such as Balancer and Curve Finance helps Usual increase liquidity for USD0 stablecoins, while opening up opportunities to develop diverse and effective decentralized finance strategies.
With strong support from the community, investors and strategic partners, Usual is gradually asserting its position in the field of stablecoin and DeFi. The project promises to bring innovative financial solutions, contributing to the development of the blockchain ecosystem.
Overview of USUAL Token
Basic information about USUAL Token
Basic information about USUAL Token on CoinmarketCap[/caption]
Token Name: Usual
Mother Token: USUAL
Blockchain: Ethereum
Smart Contract: 0xC4441c2BE5d8fA8126822B9929CA0b81Ea0DE38E
Listing Date: 11/19/2024 (Pre-Market on Binance)
Price: $0.2878 (as of 11/29/2024)
Total Supply: 4,000,000,000
Max Supply: 4,000,000,000
Circulating Supply: 494,600,000 (12.37% of total supply)
USUAL Token Allocation
The USUAL token allocation is designed to ensure the sustainable development of the project and encourage active community participation.
USUAL Token Allocation[/caption]
Here are the details on how USUAL tokens will be distributed:
Binance Launchpool: 7.50% of total supply is allocated to Binance Launchpool, allowing Binance users to stake assets to earn USUAL, expanding community reach.
Initial Airdrop: 8.50% goes to the initial airdrop program, attracting attention and encouraging users to learn about Usual.
Investors & Advisors: 5.68% is allocated to investors and advisors who contribute capital and experience to support the development of the project.
Team: 4.32% goes to the development team, recognizing their efforts and dedication in building Usual.
DAO & Ecosystem: 7.50% is allocated to DAO and ecosystem development activities, driving Usual's growth and expansion.
Liquidity: 2.00% is used to provide liquidity for USUAL tokens on exchanges, facilitating trading.
Community Incentives: 64.50% - the largest portion of the total supply, is reserved for community incentive programs. This demonstrates Usual's commitment to building a strong community and empowering users to participate in the development of the project.
Overall, the USUAL Token allocation shows a focus on community, sustainable development, and creating a thriving DeFi ecosystem.
USUAL Token Release Schedule
At launch, Usual will issue 494,600,000 USUAL tokens, equivalent to 12.37% of the total supply. These tokens will be allocated for the following purposes:
USUAL Token Release Schedule[/caption]
Binance Launchpool: 7.5% of total supply is allocated to Binance Launchpool, allowing Binance users to participate in farming USUAL.
Airdrop: 4.25% is for airdrop program, distributing tokens to the initial user community.
Liquidity: 0.6% is used to provide liquidity for USUAL on exchanges.
DAO: 0.02% is allocated to the DAO, serving governance and ecosystem development activities.
The USUAL token unlock schedule is designed to ensure the stability and sustainable development of the project. All USUAL tokens will be fully unlocked within 4 years. The specific unlock schedule will be officially announced by Usual.
Controlling the initial circulating supply and adopting a reasonable unlock schedule helps Usual balance the interests of stakeholders, while facilitating the healthy growth of the ecosystem.
Where to buy USUAL Token?
USUAL Token can be bought and sold on major exchanges such as: Binance, Gate.io
Assessing the potential of the Usual project
Usual has many outstanding strengths, but also faces certain challenges in the competitive stablecoin market.
Strengths
Innovative product, breakthrough solution: Usual offers USD0, a real asset-backed (RWA) stablecoin, which offers superior stability compared to traditional stablecoins. USD0++ creates opportunities for users to earn profits and incentivizes participation in system governance.
Diverse and sustainable ecosystem: Usual combines real assets with DeFi, opening up huge growth potential in the RWA market. Fair value distribution mechanism helps attract and retain users.
Strong, reputable team: Usual's leadership team includes experienced experts in finance, technology and management, ensuring the project's solid development.
Support from investors and strategic partners: Usual receives support from large investment funds and reputable partners, creating a solid foundation for long-term development.
Transparency and high security: Usual is committed to publicly disclosing information and ensuring the safety of user assets, strengthening trust and reputation in the community.
Usual has many outstanding strengths, but also faces certain challenges[/caption]
Challenges and risks
Fierce Competition: The stablecoin market is witnessing fierce competition from large and small projects. Usual needs to prove its superiority to attract users.
Regulatory compliance: As a DeFi project, Usual may be affected by stablecoin regulations, especially as countries increase their oversight of the crypto market.
RWA Market Risk: Real-world asset market movements, such as interest rate changes, may affect the value of USD0 collateral.
Token Inflation Risk: The 4-year token unlock schedule could create selling pressure on USUAL if not managed well.
Growth potential
Potential of Usual project[/caption]
The RWA market is growing: Usual is one of the pioneering projects to exploit the potential of the RWA market, which is predicted to explode in the future.
Expanding DeFi Ecosystem: The demand for secure and decentralized stablecoins will increase as DeFi continues to grow.
Binance and Community Support: Listing on Binance and major exchanges helps Usual reach more users. The community-first policy is also the driving force behind the project's development.
In short, Usual is a potential project with many outstanding strengths. However, the project also needs to overcome challenges and risks to achieve long-term success.
Conclude
After learning what Usual is, we see that Usual is a potential stablecoin project with a breakthrough product (USD0 backed by real assets, USD0++ providing profits and governance rights), an experienced team and a sustainable ecosystem. However, Usual needs to overcome the challenge of fierce competition, legal risks and control the inflation of USUAL tokens.
Note: This article is for informational purposes only and is not investment advice, all your trading decisions should be carefully considered and you can consult with experts when necessary. We will not be responsible for any of your investment decisions!