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Binance has officially introduced Initia (INIT) as the 68th project on the Launchpool platform. Initia is a layer-1 blockchain designed to unify application chains by offering interconnected infrastructure and compatible token economics.
Binance Launches Initia (INIT) as Its 68th Launchpool Project, Operation Begins on April 24
The Launchpool webpage is expected to go live in the next 12 hours ahead of the farm launch.
Users can start staking BNB, FDUSD, or USDC to collect INIT rewards starting at 03:00 on April 18 and undergo a six-day farming period until the token’s spot listing.
INIT Listing Details
Binance will list INIT on April 24 at 14:00 UTC with the following trading pairs:
- INIT/USDT
- INIT/USDC
- INIT/BNB
- INIT/FDUSD
- INIT/TRY
INIT will typically carry a Seed Tag that marks early-stage tokens with potentially higher volatility.
Tokenomics and Distribution
- Total Token Supply: 1,000,000,000 STARTING
- Initial Circulating Supply: 148,750,000 INIT (~14.88%)
- Launchpool Rewards: 30,000,000 INIT (3% of total supply)
- An additional 30,000,000 INITs will be distributed through marketing campaigns, with 10 million in batches shortly after listing and 20 million in batches six months after listing.
Supported Pools
Users will be able to invest in the following pools with hourly upper limits:
Pool INIT Rewards Hourly Cap/User
BNB 25,500,000 (85%) 17,708.33 INIT FDUSD 1,500,000 (5%) 1,041.66 INIT USDC 3,000,000 (10%) 2,088.33 INIT
All users must complete KYC verification to join Launchpool. There are no project listing fees, and a detailed research report will be available within 24 hours of this announcement.
Initia aims to bring modularity and interconnectivity to the blockchain ecosystem, enabling decentralized applications to thrive with enhanced scalability and collaboration.
For more details, users are advised to follow Binance’s official channels for updates regarding the webpage launch and research report.
*This is not investment advice.
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