Binance launches Initia (INIT) on Launchpool, listing set for April 24

Binance has unveiled the 68th project on its Launchpool, Initia (INIT), a new Layer 1 blockchain that connects application-specific Layer 2s (appchains) to unlock interoperability and economic alignment across networks.

Farming for INIT tokens begins on April 18, 2025 at 00:00 UTC, with the token set to be listed on April 24 at 11:00 UTC.

INIT Launchpool Farming Details

Users can stake BNB, FDUSD, or USDC over a 6-day period to earn INIT.

Farming rewards total 30 million INIT, representing 3% of the total token supply of 1 billion INIT. Token distribution across pools is as follows:

• BNB Pool: 25.5 million INIT (85%)
• FDUSD Pool: 1.5 million INIT (5%)
• USDC Pool: 3 million INIT (10%)

Hourly farming caps per user are:

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

INIT Token Listing

Following the farming phase, INIT will be listed with trading pairs including INIT/USDT, INIT/USDC, INIT/BNB, INIT/FDUSD, and INIT/TRY.

Binance will apply the Seed Tag to INIT, and the listing fee is 0. Initial circulating supply at listing will be 148.75 million INIT (~14.88% of total).

Binance plans two rounds of additional INIT token distributions—10 million INIT after spot listing and 20 million INIT six months later—via separate marketing campaigns.

What Is Initia?

Initia is a Layer 1 blockchain built on Cosmos, using the Move programming language and offering developers the ability to launch customizable Optimistic Rollup-based Layer 2s without needing in-depth infrastructure knowledge.

It supports seamless integration between L1 and L2 chains and multiple virtual machines, including EVM, WasmVM, and MoveVM.

Initia’s unique architecture also introduces:

• Interoperable asset fungibility
• Gas-free and just-in-time gas transactions
• Built-in bridging across chains
• Native stablecoin support
• Account abstraction for a simplified user experience

For more details, visit Binance’s Launchpool section.