When was USUAL coin issued?

The USUAL Coin (SET) first entered circulation in August 2018 through an initial coin offering that raised $12 million.

Dec 12, 2024 at 08:44 pm

When Was USUAL Coin Issued?

Introduction:

USUAL (SET) is a decentralized blockchain platform designed to foster collaboration and efficiency in the development and application of blockchain technology. The platform provides a framework for building and deploying dApps, facilitating communication and collaboration among developers, and enabling the seamless integration of blockchain solutions into existing infrastructure.

USUAL Coin Issuance:

The USUAL Coin (SET) was first issued in August 2018 through an initial coin offering (ICO). The ICO raised a total of $12 million, with 50% of the tokens allocated for public sale, 25% for the project team, and 25% for future development.

Evolution of USUAL Coin:

Since its inception, USUAL Coin has undergone several significant developments:

• Enhanced Smart Contract Capabilities: The platform has continuously improved its smart contract functionality, enabling developers to create more complex and sophisticated decentralized applications.
• Cross-Chain Interoperability: USUAL has integrated with several other blockchain platforms, including Ethereum and Binance Smart Chain, facilitating interoperability and the exchange of assets across different networks.
• Developer Ecosystem Expansion: The USUAL ecosystem has grown to include a vibrant community of developers, researchers, and enthusiasts, contributing to the platform's ongoing development and innovation.
• Mainnet Launch: In December 2022, USUAL launched its own mainnet, marking a significant milestone in the platform's evolution. The mainnet provides enhanced security, scalability, and stability for the ecosystem.

Current Landscape of USUAL Coin:

Today, USUAL Coin serves as the native utility token of the USUAL platform, with a circulating supply of approximately 100 million tokens. The token is used for various purposes within the ecosystem:

• Transaction Fees: SET is required to pay for transaction fees on the USUAL network, ensuring the smooth operation and security of the platform.
• Staking Rewards: Holders of SET can stake their tokens to participate in the network's consensus mechanism and earn rewards for securing the blockchain.
• Governance: SET holders have voting rights within the USUAL DAO, allowing them to participate in decision-making processes affecting the platform's direction.

Future Prospects of USUAL Coin:

USUAL Coin is expected to continue its growth and adoption as the USUAL platform evolves and expands. Key factors driving its future potential include:

• Growing Demand for Blockchain Development: The increasing adoption of blockchain technology across various industries creates a demand for developers and platforms like USUAL.
• Interoperability and Ecosystem Development: USUAL's focus on cross-chain interoperability and ecosystem development positions it well in the growing decentralized interconnected space.
• Developer-Centric Approach: The platform's developer-centric approach fosters innovation and attracts a diverse community of developers building on USUAL.