Initia Prepares for Major Exchange Listings Post-Binance Launchpool Success
Initia (INIT),the 68th project on Binance Launchpool,is set for a big moment. Its six-day farming period is ending, and major exchanges are ready to list INIT. Binance will list INIT on April 24 at 11:00 UTC. Other exchanges like MEXC, Bybit, Gate.io, Bitget, and KuCoin will follow suit.
During the farming period, users could earn INIT tokens by staking Binance Coin (BNB), USD Coin (USDC), or FDUSD.A total of 30 million INIT tokens, or 3% of the total supply, were given as rewards. The best part? There were no platform fees.
Initia is a Layer 1 blockchain. It supports appchain deployment and boosts liquidity. The project has raised $25 million from investors like Theory VC and Delhi Ventures.
INIT has a fixed supply of 1 billion tokens. Half of these tokens are for staking rewards and a program called Vested Interest.Developers and early investors get 30.25% of the tokens, which unlock over four years.The Initia Foundation gets 7.75% to fund projects and support the ecosystem.
To boost liquidity and community engagement, 6% of INIT tokens were used for Binance’s Launch Campaign. Another 5% will be airdropped to early users and testers. An additional 1% was reserved for Echo.xyz community sale participants.
