Fellow Binancians,
Thank you for being a part of the Binance Japan community.
Binance Japan is excited to announce its 6th project as part of the Launchpool program for our users in Japan - Initia (INIT), an L1 blockchain that unites appchains to unlock their full value through interwoven infrastructure and aligned economics.
Users can lock their BNB in Simple Earn to receive INIT airdrops in BNB over 6 days, with farming starting from 2025-04-18 00:00 (UTC).
Eligible User: Binance Japan Users who subscribe their BNB to Simple Earn products from 2025-04-18 00:00 (UTC) to 2025-04-23 23:59 (UTC).
The conversion price of INIT/BNB: The rewards will be converted to BNB using the prevailing market rates.
How to check reward: Your reward(*)(**) will be distributed to your Spot Account after being converted to BNB.
INIT Launchpool Details for Japan Users:
Token Name: Initia (INIT)
Total Token Supply: 1,000,000,000 INIT
Max Token Supply: 1,000,000,000 INIT
Binance Japan Launchpool Token Rewards: 28,570 INIT
Initial Circulating Supply When Listed on Binance: 148,750,000 INIT (~14.88% of total token supply)
Smart Contract/ Network Details: Initia Main Explorer (will be available at public launch)
Read about Initia (INIT) in our research report here, which will be available within 24 hours of publishing this announcement.
Listing fee: 0
Launchpool Terms will apply. Users are required to complete KYC to Binance’s satisfaction.
Project Links:
Please Note:
Users need to upgrade the Binance App version to 2.89.0 and above.
Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances and calculate user rewards.
Users will be able to unlock their funds at any time.
If there is more than one Launchpool project running concurrently, users' BNB assets will be split and allocated into each project equally, unless otherwise specified.
Users in Japan who have locked their BNB in Simple Earn Products, will automatically participate in the Launchpool and receive new token rewards.
Binance reserves the right to disqualify and revoke rewards for participants who engage in dishonest or abusive activities during the Launchpool, including but not limited to registering from the same IP or device, bulk-account registrations to farm additional bonuses and any other activity in connection with unlawful, fraudulent, or harmful purposes.
There may be discrepancies between this original content in English and Japanese translated versions. Please refer to the Japanese version for the most accurate information for users in Japan, in case any discrepancies arise.
If you have any questions, please reach out to customer support via chat(***).
Thank you for your support!
Binance Japan Team
2025-04-17
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
＊Please note users are required to complete account verification first before using Binance Japan services.
＊＊Binance Japan will pay interest based on a trust contract.
＊＊＊Please select “Unresolved” > “Forward to Customer Service” to initiate a chat with Customer Support Agent. Our Chat Support is available from Monday to Sunday from 09:00 am to 11:00 pm (Japan time). If you contact us outside of the aforementioned operating hours, our Customer Support team will reply back to you on the next business day.
How to Use Binance Japan Support
https://www.binance.com/en/support/faq/how-to-use-binance-support-7b0fd3ccb821483a99ff8f5cda374ee9
Note: Binance Japan reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
General Risk Warning
Crypto assets are not "legal tender" whose value is guaranteed by the government, such as the Japanese yen or dollar. They are electronic data exchanged over the Internet.
Crypto assets can incur losses due to price fluctuations. You may lose money if the price of a crypto asset plummets or suddenly becomes worthless.
Crypto assets may not trade at the price or volume you ordered due to market conditions or liquidity fluctuations.
Cryptographic assets may lose their value due to the failure of the blockchain or other recording mechanisms.
If the login information used for electronic authentication is compromised, a third party may misuse that information, which could result in losses to you.
If you use a self-managed wallet, etc. and lose your private key or password, you may not be able to use the cryptographic assets you hold and may lose their value.
Although the Company manages customers' assets separately from the Company's assets, in the event of the Company's bankruptcy, the Company may not be able to return the deposited money and cryptographic assets.
Cryptographic assets may be used for payment in lieu only with the consent of the person receiving payment in lieu.
