USUAL 61st Binance Launchpool - Usual Reviews - $USUAL Price Prediction #crypto

Summary

In this video, the creator dives deep into Usual (USD0), a new stablecoin backed by tokenized real-world assets like U.S. Treasury Bills. Usual aims to offer greater transparency and decentralization compared to other stablecoins. The video also discusses its governance token, tokenomics, and yield strategies, including speculative and risk-free options. Additionally, it covers Usual’s launch pool on Binance, offering a chance to stake assets for rewards. While promising, the platform’s reliance on third parties for collateral custody and the lock-up period for staking raise concerns. The creator also provides a price prediction, forecasting potential volatility in Usual’s market value.

Takeaways

• 😀 Usual is a stablecoin (USD0) backed by tokenized real-world assets (RWAs) like U.S. Treasury bills, offering transparency compared to other stablecoins like USDT and USDC.
• 😀 Usual tokens are minted by depositing real-world assets or cryptocurrencies like BTC, ETH, or USDC, which can then be staked for rewards.
• 😀 There are two types of staking options: Speculative Strategy (higher yield but with risk) and Risk-Free Strategy (lower yield but without impermanent loss).
• 😀 The Usual project focuses on offering a decentralized, on-chain stablecoin to address the risks of centralized stablecoins like USDT, which rely on off-chain reserves.
• 😀 The current market situation has raised transparency concerns regarding the third-party company (Hashnode) that holds the real-world assets backing Usual.
• 😀 Usual’s total supply is 4 billion tokens, with 7.5% of this supply (300 million tokens) allocated to the Binance Launch Pool for rewards.
• 😀 Binance Launch Pool rewards are divided with 85% from the BNB pool and 15% from the FD USD pool, allowing users to stake BNB or FD USD to earn Usual tokens.
• 😀 The farming period for the Binance Launch Pool is November 15–18, giving users a limited time to participate in the staking program.
• 😀 Usual’s initial circulating supply is 12.37%, with a pre-market price range between $0.25 and $0.50, equating to a market cap of $75–$150 million.
• 😀 Daily predicts that the Usual token could potentially reach an all-time high price of $0.80 to $1.00, with fluctuations based on broader market conditions, especially Bitcoin's price movement.

Q & A

What is Usual's approach to creating a stablecoin, and how does it differ from traditional stablecoins?

Usual's stablecoin, USDO, is backed by tokenized real-world assets such as US Treasury bills, rather than directly holding cash or treasuries like traditional stablecoins such as USDT or USDC. This approach aims to provide transparency, but there is skepticism due to reliance on third-party custodians for asset management.

What are the key features of Usual’s governance token, USUAL?

USUAL is Usual’s governance token, which allows holders to participate in key decisions regarding the protocol, such as changes in revenue-sharing models and protocol adjustments. It plays a crucial role in the decentralization of the Usual ecosystem, giving the community a say in its future direction.

How does Usual ensure transparency, and what are the potential concerns regarding it?

Usual claims to offer full transparency by making all processes on-chain. However, there is concern about the project's transparency because it does not directly own the underlying assets (US Treasury bills), but instead relies on third-party companies like Hashnode, which raises questions about trust and accountability.

What are the different staking options available for Usual users, and how do they work?

Usual offers two main staking options: the speculative stake (higher rewards but at risk of impermanent loss) and the risk-free stake (lower rewards but stable returns). The speculative option allows for a higher yield but comes with the risk of losing part of the invested amount due to market fluctuations, while the risk-free option offers a more stable return.

What is the role of collateral providers in the Usual ecosystem?

Collateral providers are essential to the Usual ecosystem as they deposit funds to help stabilize the USDO stablecoin. They can earn rewards by participating in staking pools, but their funds are often locked for extended periods, making liquidity management crucial.

What is the Binance Launch Pool, and how can users participate in it?

The Binance Launch Pool is a platform that allows users to stake their Binance Coin (BNB) or FDUSD to earn rewards in new tokens. For Usual, users can participate in the Launch Pool by staking BNB or FDUSD during the specified farming period (Nov 15 to Nov 18), earning rewards based on their stakes.

What is the total supply of Usual’s token, and what percentage is allocated to the Binance Launch Pool?

The total supply of Usual’s token is 4 billion tokens, with 7.5% (300 million tokens) allocated to the Binance Launch Pool. The reward distribution is 85% in BNB pools and 15% in FDUSD pools, allowing users to farm rewards in these assets.

What is Usual's price prediction based on the current market conditions?

The price prediction for Usual’s token suggests that it could reach an all-time high of around $0.80 to $1, with a market cap between $200 million to $300 million. However, the price is expected to fluctuate between $0.30 and $0.50, depending on broader market conditions and Bitcoin's price movements.

How does Bitcoin’s price impact the potential price of Usual’s token?

The price of Usual’s token is expected to be influenced by Bitcoin’s price movements. If Bitcoin experiences significant gains, the entire crypto market, including Usual, could experience price increases, potentially stabilizing Usual’s price at $0.80 to $1. On the other hand, if Bitcoin dumps, Usual’s price might drop to lower levels, around $0.30 to $0.50.

What are the risks associated with participating in the Binance Launch Pool for Usual?

The main risks associated with participating in the Binance Launch Pool include potential price volatility of Usual’s token post-launch, as well as the lock-up periods for staked assets. Additionally, users are advised to carefully assess the rewards and understand that staking involves some degree of market risk, especially in a fluctuating crypto market.