Binance is launching Initia (INIT) on its Launchpool, allowing users to farm tokens by locking BNB, FDUSD, and USDC from April 18, 2025. The total supply of INIT is 1 billion, with 30 million tokens available for airdrops. Trading will commence on April 24, 2025. Users must complete KYC verification to participate.
Binance has announced its 68th project on Launchpool, featuring Initia (INIT), an omni-chain rollups network aimed at improving appchain capabilities. Beginning on April 18, 2025, at midnight UTC, users can acquire INIT by locking BNB, FDUSD, and USDC.
The INIT token has a total supply of 1 billion, with 30 million allocated for rewards during the Launchpool phase, constituting 3% of the total supply. Rewards will be distributed through airdrops over a six-day farming period, ending on April 23, 2025.
INIT will be listed for trading on April 24, 2025, at 11 a.m. UTC. Available trading pairs include INIT/USDT, INIT/USDC, INIT/BNB, INIT/FDUSD, and INIT/TRY. Binance is the first exchange to announce the listing of INIT; any pre-announcement claims should be disregarded.
Hourly hard caps for the Launchpool will be 17,708.33 INIT for BNB, 1,041.66 INIT for FDUSD, and 2,088.33 INIT for USDC. The asset locking page will be accessible within 12 hours following this announcement.
Upon listing, the initial circulating supply of INIT will be about 148.75 million tokens, or 14.88% of the total. Furthermore, 10 million INIT will be reserved for marketing campaigns post-listing, with an additional 20 million allocated six months later.
User participation in this Launchpool requires completion of KYC verification. Additional information on the Initia project will be detailed in an upcoming research report.
