This is a general announcement. Products and services referred to here may not be available in your region.
IMPORTANT: Binance is the first platform to announce the listing of the mentioned token(s), with trading starting at 2025-04-24 11:00 (UTC). Any claims to offer the token(s) for sale before the stated timeline are likely to be false advertising. Please do your own research to ensure safety of your funds.
Fellow Binancians,
Binance is excited to announce the 68th project on Binance Launchpool - Initia (INIT), an L1 blockchain that unites appchains to unlock their full value through interwoven infrastructure and aligned economics. The webpage is estimated to be available in 12 hours, before the Launchpool starts.
Users will be able to lock their BNB, FDUSD, and USDC to receive INIT airdrops over 6 days, with farming starting from 2025-04-18 00:00 (UTC).
Listing
Binance will then list INIT at 2025-04-24 11:00 (UTC) and open trading with INIT/USDT, INIT/USDC, INIT/BNB, INIT/FDUSD, and INIT/TRY trading pairs. The Seed Tag will be applied to INIT.
Token Name: Initia (INIT)
Total Token Supply: 1,000,000,000 INIT
Max Token Supply: 1,000,000,000 INIT
Launchpool Token Rewards: 30,000,000 INIT (3% of total token supply)
An additional 10,000,000 INIT will be allocated to the other marketing campaigns (in batches) after spot listing. Details will be shown in a separate announcement.
An additional 20,000,000 INIT will be allocated to the other marketing campaigns (in batches) 6 months after spot listing. Details will be shown in a separate announcement.
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.
Hourly Hard Cap per User:
17,708.33 INIT in BNB pool
1,041.66 INIT in FDUSD pool
2,088.33 INIT in USDC pool
Supported Pools:
Lock BNB (webpage will be available in around 12 hours): 25,500,000 INIT in rewards (85%)
Lock FDUSD (webpage will be available in around 12 hours): 1,500,000 INIT in rewards (5%)
Lock USDC (webpage will be available in around 12 hours): 3,000,000 INIT in rewards (10%)
Farming Period: 2025-04-18 00:00 (UTC) to 2025-04-23 23:59 (UTC)
INIT Farming Accumulation:
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. User rewards will be updated each hour.
Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their Spot Accounts at any time.
Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
Tokens can only be locked in one pool at a time. For example, User A cannot lock the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.
Users will be able to unlock their funds at any time with no delay and participate in any other available Launchpools immediately.
Tokens locked in each Launchpool and any unclaimed rewards will be automatically transferred to each user’s Spot Accounts at the end of each farming period.
Users who have locked their BNB in Flexible Products and Locked Products, including Binance BNB Simple Earn and On-chain Yields Products, will automatically participate in the Launchpool and receive new token rewards.
If there is more than one Launchpool project running concurrently, users' BNB assets in BNB Flexible Products and Locked Products will be split and allocated into each project equally, unless otherwise specified.
BNB Flexible Products assets used as collateral for Binance Loans (Flexible Rate) are not entitled to Launchpool rewards.
Staked Lista BNB (slisBNB) and Lista collateral BNB (clisBNB) in Binance Keyless Wallet will be supported in Launchpool reward calculation.
Spot Algo Orders will also be enabled for the aforementioned pairs at 2025-04-24 11:00 (UTC), while Trading Bots & Spot Copy Trading will be enabled within 24 hours of it being listed on Spot. For users with running Spot Copy Trading portfolios, pairs can be included by enabling them in the [Personal Pair Preference] section of the Spot Copy Trading settings.
BNB locked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops and VIP benefits.
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.
Participation in Launchpool is subject to eligibility based on the user's country or region of residence. Please refer to the instructions on the Launchpool page.
Please note that the list of excluded countries provided below is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. Currently, users from the following countries or regions will not be able to participate in farming INIT: Australia, Canada, Cuba, Crimea Region, Iran, Japan, New Zealand, Netherlands, North Korea, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine
This list may be updated periodically at Binance’s discretion.
INIT will not be available for deposits and withdrawals for users from the following countries: Belgium, France, Italy, Poland, Spain and Sweden. Users from these countries will only be able to buy and sell the token.
There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2025-04-17
Disclaimer:
USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and [email protected].
Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
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