🗣#BinanceTR announced Initia, its fifth project on Launchpool, friends. ( $INIT )
🧙 You can accumulate $INIT by staking your $BNB . (You can stake $BNB for 6 days starting from 03:00 on 18/04/2025)
✅ There are two ways to join BinanceTR Launchpool.
1️⃣ Through the Launchpool Page: You can join by going to the official Binance TR Launchpool page and locking your specified crypto asset (for example BNB) for the specified period.
2️⃣ Through the Staking Page: If you have made Flexible or Locked Staking for the relevant crypto asset on the Binance TR Staking page, this is automatically considered as participation in Launchpool.
🧙 What is $INIT and Why is it Important? I will tell you about its features, investors and tokenomics.
🔸The reason is that it is a modular Layer 1 blockchain network. It allows developers to create independent, scalable and customizable applications (app chains). It also supports cross-chain interaction by working compatible with blockchains such as Cosmos IBC and Ethereum.
🔸Its purpose and importance is to facilitate the establishment of application-oriented chains, thus providing speed, low cost and high security. In addition, it provides seamless integration within the ecosystem by facilitating data and asset transfers between blockchains.
🧙If we talk about its features
🔹 It offers the opportunity to develop applications on EVM, MoveVM and WASM.
🔹 It provides a decentralized exchange (DEX) and staking mechanism.
🔹It is compatible with Cosmos IBC and Ethereum, thus allowing data transfer between networks.
🧙Its tokenomics is;
🔹Total Supply: 1 billion INIT tokens
🔹Distribution: 3% of INIT tokens will be distributed via Binance Launchpool in April 2025.
🔹Used for network management, staking, and transaction fees.
🔸Investors include leading firms such as Hack VC, Delphi Ventures, and Binance Labs.
🔸Received a total of $25 million in funding. It was announced that this investment will be used for the development of the project and ecosystem growth.
