#LaunchpoolINIT
Binance has unveiled Initia (INIT) as the 68th project on its Launchpool platform, introducing a next-generation Layer 1 blockchain designed to unify appchains through modular architecture and aligned economic models .
Starting April 18, 2025, at 00:00 UTC, users can participate in INIT farming by staking BNB, FDUSD, or USDC over a six-day period until April 23, 2025, at 23:59 UTC . A total of 30 million INIT tokens (3% of the total supply) are allocated as rewards, distributed across the staking pools as follows:
BNB Pool: 25,500,000 INIT (85%)
FDUSD Pool: 1,500,000 INIT (5%)
USDC Pool: 3,000,000 INIT (10%)
Users can claim their accumulated rewards hourly, with the flexibility to unlock their staked assets at any time .
Binance will list INIT for spot trading on April 24, 2025, at 11:00 UTC, offering trading pairs including INIT/USDT, INIT/USDC, INIT/BNB, INIT/FDUSD, and INIT/TRY. The token will carry the Seed Tag, indicating its early-stage status and potential for higher volatility .
For more details and to participate in the INIT Launchpool, visit the official Binance announcement .