#BinanceLaunchpoolINIT

🔹 INIT Launchpool Overview

Binance has introduced Initia (INIT) as the 68th project on Binance Launchpool. It’s a next-gen Layer 1 blockchain designed to support sovereign appchains with ease. Initia uses an Interwoven Stack to enable seamless deployment of Layer 2 rollups and decentralized applications.

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🪙 INIT Token & Launchpool Info

Total Token Supply: 1,000,000,000 INIT

Launchpool Rewards: 30,000,000 INIT (3% of total supply)

Farming Period: April 18, 2025 (00:00 UTC) to April 23, 2025 (23:59 UTC)

Spot Listing Date: April 24, 2025, 11:00 UTC

Initial Circulating Supply: 148,750,000 INIT (approx. 14.88%)

Trading Pairs on Listing: INIT/USDT, INIT/USDC, INIT/BNB, INIT/FDUSD, INIT/TRY

Listing Fee: 0

Seed Tag: INIT has a "Seed Tag" indicating it's in an early, high-risk stage.

🔐 Staking Pools and Rewards

Users can stake BNB, FDUSD, or USDC to earn INIT tokens.

Rewards are calculated hourly and can be claimed anytime.

Staked funds can be withdrawn at any time with no waiting period.

🌐 Initia Project Highlights

Layer 1 + Layer 2 Integration: Initia is a modular L1 blockchain supporting L2 rollups and appchains.

Interwoven Stack: A framework to easily launch decentralized apps and rollups.

IBC Support: Allows cross-chain communication using Inter-Blockchain Communication (IBC).

Move-based VM: Secure smart contract execution via Move Virtual Machine.

Developer Friendly: Tools to quickly and easily deploy appchains.

📌 Important Notes

KYC verification is required to participate in Launchpool.

Users must update the Binance App to version 2.89.0 or higher.

Hourly snapshots of user balances will determine rewards.

Staked tokens and unclaimed rewards will be automatically transferred to Spot Wallets at the end of the farming period.