**Binance Community Update**
Binance proudly introduces the 68th initiative on Binance Launchpool: **Initia (INIT)**, a Layer 1 blockchain designed to interconnect appchains, amplifying their potential via integrated infrastructure and synchronized economic frameworks. The dedicated Launchpool page is expected to launch within 12 hours, ahead of the farming period.
**Participation Details**
From **April 18, 2024, 00:00 UTC**, users can stake BNB, FDUSD, and USDC to earn INIT tokens over six days.
**Token Listing**
INIT will debut on Binance on **April 24, 2024, 11:00 UTC**, with trading pairs: INIT/USDT, INIT/USDC, INIT/BNB, INIT/FDUSD, and INIT/TRY. The token will carry the *Seed Tag*.
**Tokenomics Overview**
- **Total Supply**: 1,000,000,000 INIT
- **Launchpool Rewards**: 30,000,000 INIT (3% of total supply)
- **Post-Listing Allocations**:
- 10,000,000 INIT for phased marketing campaigns (details forthcoming).
- 20,000,000 INIT allocated six months post-listing (details later).
- **Initial Circulating Supply**: 148,750,000 INIT (~14.88% of total).
**Farming Structure**
- **$BNB Pool**: 25,500,000 INIT (85% of rewards).
- **$FDUSD Pool**: 1,500,000 INIT (5%).
- **$USDC Pool**: 3,000,000 INIT (10%).
- **Farming Window**: April 18–23, 2024 (UTC).
**Daily Rewards Breakdown**
- **Total/Day**: 5,000,000 INIT
- BNB Pool: 4,250,000 INIT
- FDUSD Pool: 250,000 INIT
- USDC Pool: 500,000 INIT
**User Limits (Hourly)**
- BNB Pool: 17,708.33 INIT
- FDUSD Pool: 1,041.66 INIT
- USDC Pool: 2,088.33 INIT
**Requirements**
- KYC verification mandatory.
- Smart contract/network details via Initia’s Main Explorer (available at launch).
- Research report accessible within 24 hours of this announcement.
**Additional Notes**
- No listing fees apply.
- Terms and conditions govern participation.
Stay tuned for further updates and project links. Happy farming!
*Times/dates are in UTC; details subject to official announcements.*
