Binance has announced the launch of its 68th project on the Binance Launchpool, featuring Initia (INIT), an omni-chain rollups network designed to enhance the capabilities of appchains.
Binance has announced the launch of its 68th project on the Binance Launchpool, featuring Initia (INIT), an omni-chain rollups network designed to enhance the capabilities of appchains. Starting April 18, 2025, at midnight UTC, users will have the opportunity to acquire INIT by locking BNB, FDUSD, and USDC.
The total supply of INIT is set at 1 billion tokens, with 30 million tokens allocated for rewards during the Launchpool phase, representing 3% of the total supply. Users will receive airdrops over a six-day farming period, which concludes on April 23, 2025.
Binance will list INIT for trading on April 24, 2025, at 11 a.m. UTC. The trading pairs will include INIT/USDT, INIT/USDC, INIT/BNB, INIT/FDUSD, and INIT/TRY. It is important to note that Binance is the first platform to announce the listing of INIT, and any claims of availability prior to this timeline should be treated as false.
For users participating in the Launchpool, the hourly hard cap will be set at 17,708.33 INIT for the BNB pool, 1,041.66 INIT for the FDUSD pool, and 2,088.33 INIT for the USDC pool. The webpage for locking these assets is expected to be available within 12 hours of this announcement.
The initial circulating supply of INIT upon listing will be approximately 148.75 million tokens, or 14.88% of the total. An additional 10 million INIT will be reserved for marketing campaigns after the spot listing, with another 20 million allocated six months thereafter.
Users must complete KYC verification to participate. Further details about the Initia project will be made available in a forthcoming research report.
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