Stablecoin protocol Usual releases roadmap: TGE will be held in mid-November, 90% of tokens will be allocated to the community

This article is machine translated
Show original

According to ChainCatcher, the stablecoin protocol Usual has released a roadmap, and the pre-launch phase will end around November 15th in sync with the Pills event. By then, the entire mechanism of Usual will be fully operational and the protocol will enter a mature stage. USUAL is not only a governance token, but also represents ownership of the protocol infrastructure and revenue. 90% of USUAL will be allocated to the community, and only 10% to internal personnel (team, consultants, investors).

It is reported that USUAL's TGE is expected to be launched in mid-November 2024. The airdrop will be rewarded based on the number of Pills held by participants in the pre-launch phase. Pills holders will receive a total of 7.5% of the total supply. Starting from the Token Generation Event (TGE), USUAL holders can stake their tokens as USUALx to unlock future governance rights. Stakers will also receive 10% of all USUAL issued by the protocol in the future.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments