Binance has just announced the 68th project on the Launchpool platform: Initia (INIT) — a Layer 1 blockchain designed to connect appchains through flexible infrastructure and synchronized economic models. Users can participate in farming INIT by locking BNB, FDUSD, or USDC from April 18 to April 23, 2025. Subsequently, INIT will be listed on Binance on April 24, 2025, at 18:00 Vietnam time, with trading pairs such as INIT/USDT, INIT/USDC, INIT/BNB, INIT/FDUSD, and INIT/TRY.
Detailed information about Initia (INIT)
• Total 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% of total supply)
• Reward distribution by pool:
• BNB: 25,500,000 INIT (85%)
• USDC: 3,000,000 INIT (10%)
• FDUSD: 1,500,000 INIT (5%)
• Hourly reward limit for users:
• BNB: 17,708.33 INIT
• USDC: 2,088.33 INIT
• FDUSD: 1,041.66 INIT
• Farming period: From 07:00 on April 18 to 06:59 on April 24 (Vietnam time)
About the Initia project
Initia is a Layer 1 blockchain platform combined with a Layer 2 rollup framework, aimed at supporting independent appchains. This project focuses on providing shared security, liquidity, and governance synchronization, enabling developers to deploy appchains easily and efficiently.
Upcoming campaigns and airdrops
• 10,000,000 INIT will be distributed through marketing activities after INIT is listed.
• 20,000,000 INIT is allocated for campaigns within 6 months after listing
