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

ChainCatcher news, the stablecoin protocol Usual has released its roadmap, with the pre-launch phase expected to end around November 15, coinciding with the Pills event. By then, the entire mechanism of Usual will be fully operational, and the protocol will enter its mature phase. USUAL is not only a governance token but also represents ownership of the protocol's infrastructure and revenue. 90% of USUAL will be allocated to the community, with only 10% allocated to insiders (team, advisors, investors).

It is reported that the TGE of USUAL is expected to launch in mid-November 2024. Airdrops will be rewarded based on the number of Pills held by participants before the launch. 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.