Usual Сrypto Protocol (USUAL)

What is the Usual crypto platform? 

Usual Money is an RWA stablecoin protocol that aggregates Real-World Assets and redistributes protocol ownership. It aims to establish a more transparent, decentralized, and secure stablecoin environment, offering users its full-backed $USD0 stablecoin. 

The Usual Money crypto protocol enables users to swap their stablecoins on their own $USD0, which is fully backed in a 1:1 ratio and earn yield from the US Treasury Bills through Enhanced T-Bill USD0++ token. The USD0++ token is a fully liquid version of the $USD0, backed solely by the locked $USD0 stablecoins, which can be used as collateral or deposited in any LP across supported DEXs. Meanwhile, the holders of such $USD0++ coins get a daily reward in $USUAL governance token depending on the current short-term yield rates and a minimum guaranteed return paid in $USD0. 

According to the docs, the main advantage of the Usual protocol among centralized stablecoins is its complete asset backness in the 1:1 ratio and more transparent, secure, and community-driven risk management strategy. It utilizes only short-term US treasure Bons as a major source of income in order to make its assets more liquid and avoid unexpected liquidations during big withdrawals from the US T-Bill. 

Read more about the Usual money collateral system in its docs. 

$USUAL Token: As mentioned before, $USUAL token will be playing a major role in decision-making processes within the platform, for example enabling arbitrage for its tokenized Treasury Bill or other risk-management strategy improvements. Furthermore, it will be a main tool for rewarding $USD0++ holders with a yield generated from the same US Treasury Bill. 

Currently, it is running a point farming campaign, where users should hold, lock, or deposit into LP their $USD0 stablecoins in order to qualify for the Usual airdrop. Furthermore, on November 14th, the platform announced the upcoming token IEO and the pre-market listing of its token on the leading crypto exchange - Binance. 

Taking into account the growing popularity of the Usual Labs crypto project, our team completely analyzed the project and prepared for you a list of major pros and cons of the project so can make a more informed decision if it is worth joining the Usual IEO on Binance or Usual airdrop:

✅ Usual Labs pros:

• Prospective concept & design;
• Relatively low token inflation rate for the first 2 years after the TGE (~20%);
• Presence of security audits from top-tier companies;
• FDV is almost 10 times lower than its closest competitors in the niche of decentralized stablecoins, Ethena;
• Low Initial MC ( only 12.37% of the FDV);
• Good PR and Influencer Marketing performance;
• Above the average Marketing Infrastructure, SEO, SMM, and Growth Marketing scores;
• Diverse network of prominent funds and angel investors;
• Wide network of partners, actively supporting and collaborating with the project;
• Listing and IEO on Binance;
• The protocol’s CEO has worked for the French Parliament.

❌ Usual Labs cons: 

• Some of the security audit reports from companies are publicly unavailable;
• Lack of transparency in private funding: the protocol didn’t disclose the exact amount of tokens the private investors received;
• No work record in the top tier tech companies among other core team members.