Binance has announced the launch of Initia (INIT) as its 68th project on the Launchpool platform. Initia is a layer-1 blockchain aimed at unifying application chains.
Launch of Initia (INIT) on Launchpool
The Launchpool platform is expected to go live in the next 12 hours ahead of the farm launch. Users can start staking BNB, FDUSD, or USDC to collect INIT rewards starting at 03:00 on April 18, and the farming period will last for six days until the token listing.
INIT Listing Details
Binance is scheduled to list INIT on April 24 at 14:00 UTC with the following trading pairs:
* INIT/USDT * INIT/USDC * INIT/BNB * INIT/FDUSD * INIT/TRY
The token INIT will carry a Seed Tag indicating early-stage tokens with potentially higher volatility.
Tokenomics and Distribution
The total token supply is 1,000,000,000. The initial circulating supply is 148,750,000 INIT (~14.88%). Launchpool rewards will comprise 30,000,000 INIT (3% of total supply). Additionally, 30,000,000 INIT will be distributed through marketing campaigns, with 10 million in batches shortly after listing and 20 million in batches six months after listing.
Initia aims to bring modularity and interconnectivity to the blockchain ecosystem, providing conditions for decentralized applications to thrive with enhanced scalability and collaboration.
