BinanceInitilLaunchpool
2,341 views
2 Discussing
Hot
Latest
#BinanceInitilLaunchpool the 68th project on Binance Launchpool, allowing users to farm INIT tokens by locking BNB, FDUSD, and USDC. Here's what's happening ¹ ²:
- *INIT Token Details*:
- Total supply: 1 billion tokens
- Launchpool rewards: 30 million tokens (3% of total supply)
- Initial circulating supply: 148.75 million tokens (14.88% of total supply)
- *Farming Period*: April 18, 2025, 00:00 UTC to April 23, 2025, 23:59 UTC
- *Listing*: INIT will be listed on Binance on April 24, 2025, at 11:00 UTC, with trading pairs INIT/USDT, INIT/USDC, INIT/BNB, INIT/FDUSD, and INIT/TRY
- *Rewards Allocation*:
- BNB pool: 85% of rewards (25.5 million INIT)
- FDUSD pool: 5% of rewards (1.5 million INIT)
- USDC pool: 10% of rewards (3 million INIT)
- *Hourly Hard Cap per User*:
- BNB pool: 17,708.33 INIT
- FDUSD pool: 1,041.66 INIT
- USDC pool: 2,088.33 INIT
To participate, users need to complete KYC verification and lock their assets in one of the supported pools. Note that users from certain countries, including Australia, Canada, and the US, are not eligible to participate ².
$init
- *INIT Token Details*:
- Total supply: 1 billion tokens
- Launchpool rewards: 30 million tokens (3% of total supply)
- Initial circulating supply: 148.75 million tokens (14.88% of total supply)
- *Farming Period*: April 18, 2025, 00:00 UTC to April 23, 2025, 23:59 UTC
- *Listing*: INIT will be listed on Binance on April 24, 2025, at 11:00 UTC, with trading pairs INIT/USDT, INIT/USDC, INIT/BNB, INIT/FDUSD, and INIT/TRY
- *Rewards Allocation*:
- BNB pool: 85% of rewards (25.5 million INIT)
- FDUSD pool: 5% of rewards (1.5 million INIT)
- USDC pool: 10% of rewards (3 million INIT)
- *Hourly Hard Cap per User*:
- BNB pool: 17,708.33 INIT
- FDUSD pool: 1,041.66 INIT
- USDC pool: 2,088.33 INIT
To participate, users need to complete KYC verification and lock their assets in one of the supported pools. Note that users from certain countries, including Australia, Canada, and the US, are not eligible to participate ².
$init
#binanceinitia
#BinanceInitilLaunchpool
Initial Coin Offering (ICO)
Beginner
Initial Coin Offering (ICO) is an innovative approach for raising funds through the use of digital currencies (cryptocurrencies). Such a strategy is more prevalent in cryptocurrency projects that are yet to fully developed their blockchain-based product, service, or platform. The funds collected on ICO events are normally received as Bitcoin (BTC) or Ether (ETH), but in some cases, fiat currency may also be taken as payment.
Usually, investors engage in Initial Coin Offerings with the hope and expectation that the digital token (or coin) and its corresponding company will be successful - possibly resulting in a good return on investment (ROI) for those that are regarded as early supporters.
Despite being often compared to IPOs (Initial Public Offering), ICOs are quite different in the sense that investors are not buying any kind of ownership of shared in a company. Initial Coin Offering events are mainly performed as a fundraising strategy for startups that are in very early stages of development and need funds to push the project forward.
Unfortunately, however, many ICOs are performed by non-reputable entities that raise large amounts of money and disappear, with no follow up on development. For this reason, it is extremely important that investors do their due diligence (also known as DYOR) before investing in cryptocurrency companies.
There are many different ways of issuing a cryptocurrency token or coin before offering them on ICO crowd sales. While some companies prefer to build their blockchain from scratch, issuing their own native coin, the majority of ICO events that were held so far took place on the Ethereum network, following the so-called ERC-20 token standard.
#BinanceInitilLaunchpool
Initial Coin Offering (ICO)
Beginner
Initial Coin Offering (ICO) is an innovative approach for raising funds through the use of digital currencies (cryptocurrencies). Such a strategy is more prevalent in cryptocurrency projects that are yet to fully developed their blockchain-based product, service, or platform. The funds collected on ICO events are normally received as Bitcoin (BTC) or Ether (ETH), but in some cases, fiat currency may also be taken as payment.
Usually, investors engage in Initial Coin Offerings with the hope and expectation that the digital token (or coin) and its corresponding company will be successful - possibly resulting in a good return on investment (ROI) for those that are regarded as early supporters.
Despite being often compared to IPOs (Initial Public Offering), ICOs are quite different in the sense that investors are not buying any kind of ownership of shared in a company. Initial Coin Offering events are mainly performed as a fundraising strategy for startups that are in very early stages of development and need funds to push the project forward.
Unfortunately, however, many ICOs are performed by non-reputable entities that raise large amounts of money and disappear, with no follow up on development. For this reason, it is extremely important that investors do their due diligence (also known as DYOR) before investing in cryptocurrency companies.
There are many different ways of issuing a cryptocurrency token or coin before offering them on ICO crowd sales. While some companies prefer to build their blockchain from scratch, issuing their own native coin, the majority of ICO events that were held so far took place on the Ethereum network, following the so-called ERC-20 token standard.
Login to explore more contents