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RWA track new forces: With political background and industry giants' support, what is the growth potential of Habital?

RWA track new forces: With political background and industry giants' support, what is the growth potential of Habital?

比特老马2024/11/18 10:21
By:比特老马

I. Project introduction

Habital is a fiat stablecoin publisher focused on security and decentralization, committed to allocating platform ownership and governance through the platform token USUAL. As a multi-chain infrastructure, Habital integrates tokenized real-world assets (RWA) of entities such as BlackRock, Ondo, and Mountain Protocol, converting them into a permissionless, on-chain verifiable, and composable stablecoin USD0, promoting the free flow of global financial resources on the chain.
USD0 is the first liquid deposit token (LDT) provided by Habital, supported by real-world assets with a 1:1 ultra-short term, ensuring stability and security. Users can either directly deposit eligible RWA to mint USD0, or choose to deposit USDC or USDT into the protocol and have a third party provide necessary RWA collateral. This flexible mechanism reduces the threshold for customer engagement and improves the liquidity and efficiency of assets.
The founder of the project, Pierre Person, was once an important figure in French politics and laid the foundation for the compliance operation of Habital. According to rootdata data, in 2024, Habital completed two rounds of financing with a total amount of $8.50 million. Currently, the total locked position (TVL) is $369 million.
RWA track new forces: With political background and industry giants' support, what is the growth potential of Habital? image 0

II. Project highlights

1. Multi-chain integration and real-world asset support
Habital integrates tokenized real-world assets (RWA) from leading institutions such as BlackRock, Ondo, and Mountain Protocol onto the blockchain with the help of multi-chain infrastructure, creating a permissionless, on-chain verifiable, composable stablecoin USD0. Through this integration, Habital achieves seamless integration between traditional financial assets and blockchain technology, providing users with efficient and secure asset stability guarantees.
2. Flexible and efficient stablecoin minting mechanism
The casting of USD0 supports two methods: users can directly deposit eligible RWA assets, or obtain equivalent USD0 by depositing USDC/USDT, with the latter provided by a third party as necessary RWA collateral. This flexible dual mechanism not only reduces the participation threshold for users, but also improves overall liquidity, providing a friendly participation experience for retail and institutional users.
3. Comprehensive stablecoin yield mechanism
Habital not only provides the basic stablecoin USD0, but also designs the value-added token USD0 ++, allowing users to obtain additional income by locking assets. Users can choose to receive daily rewards for the governance token USUAL, or obtain stable risk-free income through fixed-period locking. This flexible income design meets the diverse needs of different users.
4. Strong team background and significant market performance
Habital was founded by Pierre Person, a former member of the French Parliament. Its team has deep accumulation in policy promotion and blockchain technology, laying the foundation for the compliance and market expansion of the project. In 2024, Habital completed two rounds of financing totaling $8.50 million, and currently TVL has reached $369 million, demonstrating strong market performance and growth potential.
 

III. Market value expectations

Based on USUAL's initial circulation ratio of 12.37% and Bitget's pre-market transaction price of 0.447 dollars, we can refer to the data and growth potential of the benchmark project to calculate its market value performance.
Benchmark project market value reference:
1. Real Estate Derivatives Agreement Parcl ($PRCL)
Unit price: 0.43 dollars
Market capitalization: $62.52M
If USUAL reaches a similar market cap, the token price will approach 0.426 dollars.
2. Decentralized institutional-level financial protocol Ondo Finance ($ONDO)
Unit price: 0.96122 dollars
Market capitalization: $1.38B
If USUAL reaches a similar market capitalization, the token price can reach about 9.34 dollars.
3. RWA L1 blockchain MANTRA ($OM)
Unit price: 4.1 dollars
Market capitalization: $3.69B
If USUAL reaches a similar market capitalization, the token price can reach about 24.21 dollars.
 

IV.Commonal Token Economics

1. Token distribution
The total supply of USUAL is 4 billion, and the initial circulation ratio is 12.37%. The distribution is community-centered, as follows:
73% is allocated to the public and liquidity providers, ensuring the wide distribution of tokens.
13.5% is allocated to market makers (MM), teams, and early investors.
13.5% is used for community governance activities such as DAO, repurchase, and voting to support the long-term development of the ecosystem.
2. The publishing mechanism
USUAL adopts a dynamic supply adjustment mechanism, which is closely related to the growth of the total locked position (TVL) of the platform.
As TVL expands, the amount of USUAL minted per unit of TVL will gradually decrease, creating scarcity and increasing token value.
When USD0 ++ or other similar Liquid Bond Tokens (LBT) are minted, the corresponding USUAL will be distributed according to the protocol revenue and lock-up amount.
This mechanism ensures the long-term binding of tokens to the protocol value by reducing the token publishing volume per $TVL during the protocol growth process, reducing the number of circulating tokens while increasing scarcity.
3. Distribution strategy
The distribution of USUAL tokens is highly biased towards the community.
90% of the tokens are allocated to community users, including USD0 ++ holders, liquidity providers (LPs), stakers, and participants in other protocol products.
With Habital becoming a multi-asset structure, future token distribution will also cover LBT and LP rewards for other assets, ensuring that all types of users can benefit.
4. Token Utility
Agreement revenue sharing: USUAL token holders can enjoy all the revenue from the agreement.
Staking rewards and governance: By staking USUAL, users can receive a distribution of 10% of the token supply and participate in protocol governance (such as vault reinvestment decisions).
Token burning mechanism: Users can burn USUAL to release the pledged USD0 ++ in advance and increase the circulation value of tokens within the ecosystem.
Dynamic supply adjustment: The publishing mechanism adjusts dynamically according to TVL. When TVL grows, the amount of coin publishing decreases, and vice versa, ensuring that token publishing is synchronized with protocol development.
 

V. Team and financing

1. Team members
Pierre Person: CEO, former French parliamentarian, promotes cryptocurrency legislation, with extensive industry experience.
Hugo Sallé de Chou: Co-founder and Chief Business Officer, responsible for business development.
Adli Takkal Bataille: Co-founder, blockchain technology expert.
Andrew Lafortezza: Sales Director, focused on market expansion and growth.
Allan Floury: Vice President of Product Research & Development.
2. The financing situation
April 17, 2024: $7 million, led by IOSG Ventures, Kraken Ventures, and several well-known institutions.
November 6, 2024: $1.50 million, led by Comfy Capital and Jed Breed.
The project team and financing demonstrate strong industry background and capital support, highlighting the development potential of Habital.
 

VI. Risk Warning

1. Habital involves the publication of fiat stablecoins and the tokenization of real-world assets (RWA), and its operation needs to comply with financial regulatory requirements in various regions. However, the regulatory policies in the stablecoin field are not yet fully clear, and stricter compliance requirements may be introduced in the future, including asset custody transparency, capital reserve requirements, etc., which may have a significant impact on the business model and operation of Habital.
2. The publishing volume of USUAL tokens is pegged to the platform TVL. When TVL grows, the publishing volume decreases, but if TVL decreases due to market conditions or User Churn, the issuance of tokens may exacerbate inflationary pressures, leading to a decline in token value. In addition, this mechanism may not be transparent enough for investors, and there are problems with interpretation and acceptance.
 

VII. Official link

Website:https://usual.money/
Twitter:https://x.com/usualmoney
Telegram:https://t.me/UsualCommunity
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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