Binance Announces New Launchpool Project!

Binance has announced a new Launchpool project! Initia (INIT); as a layer 1 blockchain that unifies application chains (appchains), aims to fully unlock the potential of these chains through an interwoven infrastructure and compatible economic models. Users will be able to earn INIT by locking BNB, FDUSD, and USDC for a specified period.

What is Initia (INIT)?

Initia is a revolutionary platform in the field of modular blockchains. Holding a significant place in the evolution of blockchain technology, Initia simplifies complex systems and offers more accessible solutions.

Key Advantages:

• It offers the advantages of a modular structure such as flexibility, scalability, and security.

• Easily adapts to the diverse needs of users and developers.

• Through interwoven rollups, it simplifies the multi-chain experience and enhances cross-chain communication and interaction.

Initia provides a robust and efficient infrastructure for both developers and end-users, responding to the increasing demands of multi-chain systems.

How Do I Participate in the Event?

• Log in to the Binance homepage.

• Click on the “Launchpool” tab located in the top menu.

• On the opened page, click the “Join Now” button to participate in the INIT Farming event.

When Will the Initia (INIT) Farming Process Start?

Binance Launchpool users will have the opportunity to earn INIT during the farming period from April 18, 00:00 (UTC) to April 23, 23:59 (UTC). Users will earn INIT rewards by locking their BNB, FDUSD, and USDC tokens into the designated pools. The total Launchpool token reward will be 30,000,000 INIT (3% of total token supply).

When Will Initia (INIT) Be Listed on Binance?

Binance will then list INIT at April 24, 2025, 11:00 (UTC) and open trading with INIT/USDT, INIT/USDC, INIT/BNB, INIT/FDUSD, and INIT/TRY trading pairs. The Seed Tag will be applied to INIT.

INIT Launchpool Details:

Token Name: Initia (INIT)
Total Token Supply: 1,000,000,000 INIT
Maximum Token Supply: 1,000,000,000 INIT

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

Additional Distribution for Marketing Campaigns:

• 10,000,000 INIT to be distributed in batches after spot listing

• 20,000,000 INIT to be distributed in batches 6 months after spot listing
  (Details will be shared in a separate announcement.)

Initial Circulating Supply at Binance Listing: 148,750,000 INIT (14.88% of total supply)

Smart Contract / Network Details: Initia Main Explorer (will be available at public launch)

Research Report: A research report with more information about Initia (INIT) will be made available within 24 hours of publishing the announcement.

Listing Fee: 0

Launchpool Terms will apply.
Users are required to complete Binance’s KYC process successfully.

Hourly Hard Cap Per User:

BNB pool: 17,708.33 INIT
FDUSD pool: 1,041.66 INIT
USDC pool: 2,088.33 INIT

Supported Pools:

Lock BNB: 25,500,000 INIT reward (85%)
Lock FDUSD: 1,500,000 INIT reward (5%)
Lock USDC: 3,000,000 INIT reward (10%)

Farming Period:
April 18, 2025 00:00 (UTC) – April 24, 2025 23:59 (UTC)

You can also read our project review article which includes detailed information about the Project by clicking here.

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