INIT Debuts on Binance With $1M Trading Promo and Launchpool Staking, 14.88% Supply Circulates

On April 24, 2025, Binance listed Initia (INIT) and started trading the INIT/USDT pair. Binance also launched a $1,000,000 INIT trading promotion and added INIT to its Launchpool, allowing users to stake tokens for INIT rewards. INIT is the gas and governance token for the Initia blockchain, which is built on the Cosmos SDK and supports MoveVM, cross-chain communication, and Layer 1 AMM liquidity integration. At launch, about 14.88% of INIT's total supply was in circulation.