INIT Debuts on Binance With $1M Trading Promo and Launchpool, Powering Initia Blockchain Governance

INIT was listed on Binance on April 24, 2025, with trading pairs INIT/USDT, INIT/USDC, INIT/BNB, INIT/FDUSD, and INIT/TRY. Binance introduced a $1,000,000 trading promotion and a Launchpool staking program for INIT. INIT serves as the gas and governance token for the Initia blockchain, which uses the Cosmos SDK, supports MoveVM, and enables cross-chain communication with integrated Layer 1 AMM liquidity. At launch, 14.88% of the 1 billion total INIT supply was in circulation, about 148.75 million tokens. Token allocation: 5% airdrop, 25% VIP rewards, 25% staking and liquidity, 15% protocol developers, 15.25% protocol sales, 7.75% foundation, 6% Binance launch campaign, 1% Echo.xyz.