#INITlaunchpool Binance Launchpool for Initia (INIT)Launchpool Details:
Project: Initia (INIT), a Layer 1 blockchain focused on modular rollups and interoperability.
Farming Start:
April 18, 2025, at 00:00 UTC.Farming End: April 23, 2025, at 23:59 UTC.
Listing Date: April 24, 2025, at 11:00 UTC.Supported Assets: BNB, FDUSD, USDC.
Total Supply: 1,000,000,000 INIT.
Launchpool Rewards: 30,000,000 INIT (3% of total supply).
Initial Circulating Supply: Approximately 148,750,000 INIT (~14.88% of total supply).
Trading Pairs: To be confirmed, likely including INIT/USDT, INIT/BNB, INIT/FDUSD, and others based on prior Binance listings.
Reward Allocation:
BNB Pool: Majority of rewards (exact split not specified, but typically 85% in past pools).FDUSD/USDC Pools: Smaller share (typically 15% combined in past pools).
Additional Notes:
Users can lock BNB, FDUSD, or USDC to farm INIT tokens over the 6-day period.Hourly snapshots determine reward distribution, with caps per user to ensure equitable allocation.Binance may apply a Seed Tag to INIT, indicating higher volatility or risk, as seen with other Launchpool projects like BIO.
How It Works:
Users stake BNB, FDUSD, or USDC in designated pools to earn INIT tokens.Rewards are calculated hourly based on staked amounts and pool size.Staked assets remain locked until the farming period ends, after which they can be unlocked, and INIT rewards are distributed.Holding BNB also provides standard benefits like airdrops and VIP perks, even when locked in Launchpool.
Eligibility:
Participation requires KYC verification.
DYOR
