On April 17, Binance officially announced that the 68th project on the Launchpool platform—Initia (INIT)—will be launched on April 18. As a Layer 1 blockchain focused on connecting application chains through interwoven infrastructure and coordinated economic mechanisms, Initia aims to unlock the full value of decentralized applications. This launch not only provides users with the opportunity to obtain INIT tokens by locking BNB, FDUSD, and USDC but also marks another significant step by Binance in supporting innovative blockchain projects.

Launchpool Event Details: 6 Days of Mining, 30,000,000 INIT Rewards

According to the official announcement from Binance, the Launchpool event for Initia (INIT) will officially start on April 18, 2025, at 08:00 (UTC+8) and will last for 6 days until April 24, 07:59. Users can participate in reward mining by locking BNB, FDUSD, or USDC on the Launchpool website to obtain INIT tokens. A total of 30,000,000 INIT will be allocated as rewards, accounting for 3% of the maximum token supply (1,000,000,000 INIT). The reward pool distribution is as follows:

• BNB Pool: Total reward of 25,500,000 INIT (85%), with a daily distribution of 4,250,000 INIT
• FDUSD Pool: Total reward of 1,500,000 INIT (5%), with a daily distribution of 250,000 INIT
• USDC Pool: Total reward of 3,000,000 INIT (10%), with a daily distribution of 500,000 INIT

To ensure fair participation, Binance has set a personal hourly reward cap for each pool: 17,708.33 INIT for the BNB pool, 1,041.66 INIT for the FDUSD pool, and 2,083.33 INIT for the USDC pool. Users must complete KYC (identity verification) to participate in the event, and users from certain countries and regions (such as the United States, Canada, Japan, etc.) are unable to participate due to regulatory restrictions. Additionally, Binance specifically reminds users to be wary of false advertisements, emphasizing that it is the first platform to list INIT tokens, and any claims of pre-sale of INIT are fraudulent.

Spot Trading to Launch Soon, Seed Tag Highlights Potential

Binance plans to officially launch spot trading for Initia (INIT) on April 24, 2025, at 19:00 (UTC+8), and will open five trading pairs: INIT/USDT, INIT/USDC, INIT/BNB, INIT/FDUSD, and INIT/TRY. The INIT token will be subject to "Seed Tag" trading rules, indicating its special status as an early high-potential project. The initial circulating supply is 148,750,000 INIT, accounting for approximately 14.88% of the total supply. Furthermore, Binance will allocate an additional 10,000,000 INIT for marketing activities after the spot listing and plans to distribute 20,000,000 INIT in batches for further promotion six months after the listing, with specific rules to be announced later.

Highlights of the Initia Project: Innovative Attempt in Layer 1 Blockchain

Initia, as a Layer 1 blockchain built on the Cosmos SDK, is dedicated to providing a coordination layer for customizable Layer 2 Rollup ecosystems. Its core innovations include the "Interwoven Stack" framework, which supports developers in building efficient Rollup applications, while enhancing the ecosystem's liquidity and incentive efficiency through the InitiaDEX decentralized exchange and "Enshrined Liquidity" mechanism. These features give Initia unique potential in the public chain field, attracting support from industry giants, including Binance.

Market Response and User Participation Enthusiasm

As one of the most influential token distribution platforms globally, Binance Launchpool is favored by users for its fairness and high return rates. It is reported that in 2024, Binance distributed rewards worth $2.64 billion through Launchpool, accounting for 94% of the total rewards from centralized exchanges.

Binance emphasized in the announcement that users should conduct their own research on project risks to ensure the safety of their funds. As a new project, INIT may face higher market volatility, and Binance advises users to participate cautiously and pay attention to the latest updates from official channels. Additionally, Binance will launch an INIT smart contract explorer and research report to further provide users with transparent information.

For more detailed information: Binance Launchpool launches Initia (INIT), use BNB, FDUSD, and USDC to obtain INIT

This article represents the author's personal views and does not reflect the position or views of this platform. This article is for informational sharing only and does not constitute any investment advice to anyone.

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