Binance has introduced Initia (INIT) as the 68th project on its Launchpool platform, offering users the opportunity to farm INIT tokens by staking USDC or FDUSD.
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đ What Is Initia (INIT)?
Initia is a modular Layer-1 blockchain and Layer-2 rollup framework designed to empower developers to create interoperable appchains. By providing shared security, liquidity, and governance alignment, Initia aims to streamline cross-chain communication and reduce friction in the decentralized ecosystem.
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đď¸ Farming Details
Farming Period: April 18, 2025, 00:00 UTC to April 23, 2025, 23:59 UTC
Total INIT Supply: 1,000,000,000 INIT
Launchpool Rewards: 30,000,000 INIT (3% of total supply)
Initial Circulating Supply: 148,750,000 INIT (~14.88%)
Supported Pools:
USDC Pool: 3,000,000 INIT allocated; hourly cap per user: 2,088.33 INIT
FDUSD Pool: 1,500,000 INIT allocated; hourly cap per user: 1,041.66 INIT
Note: There is no BNB pool for this Launchpool round.
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đ INIT Spot Listing
INIT will be listed on Binance Spot on April 24, 2025, at 11:00 UTC. The following trading pairs will be available:
INIT/USDT
INIT/USDC
INIT/FDUSD
INIT/TRY
INIT/BNB
The "Seed Tag" will be applied to INIT, indicating its early-stage development status.
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đ Additional INIT Token Distributions
10,000,000 INIT will be distributed through Binance marketing activities post-spot listing.
20,000,000 INIT are reserved for future campaigns, scheduled for six months after the initial launch.
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â Participation Requirements
Users must complete Binance's Know Your Customer (KYC) verification process.
Compliance with Binanceâs eligibility criteria is mandatory.
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For more details and to participate, visit the official Binance Launchpool announcement: .
