Binance Launches Initia (INIT) as 68th Project on Launchpool
Binance has unveiled Initia (INIT) as the 68th project featured on its Launchpool platform. Initia is an omni-chain rollups network aimed at advancing the capabilities of appchains. Starting from April 18, 2025, at 00:00 UTC, users can farm INIT tokens by staking BNB, FDUSD, and USDC.
The total INIT token supply is capped at 1 billion, with 30 million tokens (3%) set aside as Launchpool rewards. The farming event spans six days, concluding on April 23, 2025. INIT will officially be listed for trading on April 24, 2025, at 11:00 UTC, with trading pairs including INIT/USDT, INIT/USDC, INIT/BNB, INIT/FDUSD, and INIT/TRY. Binance is the exclusive platform for this listing—any availability claims before the official date should be considered false.
Launchpool participants will face hourly hard caps of:
17,708.33 INIT for the BNB pool
1,041.66 INIT for the FDUSD pool
2,088.33 INIT for the USDC pool
At launch, the circulating supply will be approximately 148.75 million INIT (14.88% of the total supply). Binance will also allocate 10 million tokens for post-listing marketing efforts, with another 20 million INIT scheduled for release six months later.
