Common is a decentralized Fiat Stablecoin issuer targeted on making a safe and clear crypto ecosystem. The platform makes use of $USUAL tokens to present customers and third events an opportunity to manage possession and governance. With this mannequin, Common offers customers extra affect over the system, much like how Tether’s complete worth locked (TVL) suppliers might have possession over the corporate and its income. Common goals to make stablecoins extra accessible and decentralized by integrating tokenized Actual-World Belongings (RWAs) like these from BlackRock, Ondo, Mountain Protocol, and Hashnote. These RWAs are reworked right into a permissionless and on-chain stablecoin known as USD0.
Supply: Common
Common is designed to be a multi-chain platform. It connects with a wide range of tokenized RWAs to make stablecoin transactions smoother and extra dependable. The platform ensures that these property are simply verifiable on-chain, offering full transparency. This decentralized strategy helps construct a extra strong crypto surroundings, the place customers can belief the system’s integrity. The know-how permits for seamless integration throughout completely different blockchain networks, providing better flexibility in how stablecoins are used.
USUAL Token Airdrop Particulars
Binance has partnered with Common to launch its 61st venture on the Binance Launchpool. The $USUAL token is now out there for an airdrop, permitting customers to take part by locking BNB and FDUSD. USUAL tokens will likely be issued over 4 days, ending on November 18, 2024, and customers can begin farming them on November 15, 2024. The airdrop’s complete rewards pool is 300 million USUAL tokens, or 7.5% of the overall token provide. The farming course of will occur in two swimming pools: BNB and FDUSD, with completely different reward distributions for every.
Within the farming interval, contributors can earn USUAL tokens by locking their BNB and FDUSD in designated swimming pools. The BNB pool may have 255 million USUAL tokens in rewards, making up 85% of the overall reward pool. The FDUSD pool may have 45 million USUAL tokens, representing 15% of the rewards. The BNB pool will obtain 63.75 million USUAL tokens every day, whereas the FDUSD pool will obtain 11.25 million USUAL tokens. The full quantity of each day rewards will likely be divided between the 2 swimming pools. November 15–18, 2024 is when the farming incentives will likely be given out.
Following the farming season, Common will checklist its token on Binance’s Pre-Market beginning November 19, 2024, at 10:00 UTC. In the course of the Pre-Market section, the USUAL/USDT buying and selling pair will likely be out there. Nonetheless, the particular dates for the top of Pre-Market and the official spot itemizing are nonetheless to be introduced. For added updates on this, customers ought to preserve checking again. Checking eligibility earlier than becoming a member of is essential as a result of attendance within the Pre-Market section is contingent upon the person’s nation or area of residence.
Common has a complete token provide of 4 billion USUAL tokens. Roughly 494.6 million USUAL tokens, or 12.37% of the overall provide, will likely be in circulation on the time of itemizing. The remainder of the tokens will likely be distributed over time by completely different mechanisms just like the airdrop and different token distributions. The Launchpool will provide 300 million USUAL tokens in rewards, with the BNB pool receiving the majority of the rewards at 85%. A smaller portion of the rewards (15%) will likely be allotted to the FDUSD pool.
To take part within the USUAL token airdrop, customers might want to lock their BNB and FDUSD within the designated swimming pools on Binance. The web site for locking tokens will likely be launched quickly, and customers ought to guarantee they full the KYC course of on Binance. The utmost holding restrict per person is 40,000 USUAL, with separate limits for the BNB and FDUSD swimming pools. The farming interval will run from November 15, 2024, to November 18, 2024, so customers ought to take motion inside that timeframe to earn their share of the rewards.
