Binance launches Initia Launchpool with a reward of 30,000,000 INIT
Binance, the world’s leading cryptocurrency exchange, continues to assert its pioneering position by introducing the 68th project on Binance Launchpool – Initia (INIT).
With an airdrop program of 30,000,000 INIT, Binance offers an exciting opportunity for users to participate by locking BNB, FDUSD, and USDC for 6 days, from 07:00 on April 18 to 07:59 on April 24. This is an important step for Binance to reinforce its role as a bridge between investors and innovative cryptocurrency projects.
The INIT exchange will begin at 18:00 on April 24 with trading pairs INIT/USDT, INIT/USDC, INIT/BNB, INIT/FDUSD, and INIT/TRY.
With a total supply of 1,000,000,000 INIT, the project allocates 3% (30,000,000 INIT) for the launchpool, of which 85% (25,500,000 INIT) is allocated to the BNB pool, 5% (1,500,000 INIT) for the FDUSD pool, and 10% (3,000,000 INIT) for the USDC pool.
In addition, 10,000,000 INIT will be used for marketing campaigns after spot listing, and another 20,000,000 INIT will be rolled out after 6 months. The initial circulating amount at the time of listing on Binance is 148,750,000 INIT, accounting for approximately 14.88% of the total supply.
Users need to complete KYC and comply with the Launchpool terms to participate.
Initia is not just an ordinary layer 1 blockchain but also carries a groundbreaking vision of linking appchains, creating a foundation for DeFi and Web3 applications.
With the goal of addressing scalability and complexity issues in the blockchain system, Initia utilizes Optimistic Rollups and Minitias tools, enabling developers to easily deploy appchains without managing complex infrastructure.
