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Initia (INIT), the 68th project on Binance Launchpool, is poised for a series of major exchange listings as its six-day farming period concludes. On April 24 at 11:00 UTC, Binance will officially list INIT, marking its debut on the platform. Several other centralized exchanges, including MEXC, Bybit, Gate.io, Bitget, and KuCoin, have also confirmed their listings for the same day.

Initia Farming Period on Binance Launchpool

The farming period for INIT tokens on Binance Launchpool ran from April 18 to April 23, offering users the chance to earn rewards by staking Binance Coin (BNB), USD Coin (USDC), or FDUSD. A total of 30 million INIT tokens, representing 3% of the total supply, were allocated as farming rewards. Notably, participants were not charged any platform fees during this period.

What Is Initia?

Initia is a Layer 1 blockchain designed to facilitate appchain deployment and improve liquidity with its innovative Enshrined Liquidity mechanism and modular Interwoven Stack. The project has secured $25 million in funding across pre-seed, seed, Series A, and private token sale rounds. Prominent investors include Theory VC, Delhi Ventures, and Hack VC.

Tokenomics: INIT Supply Breakdown

The native token, INIT, has a fixed supply of 1 billion tokens. Of this:

  • 50% (500 million tokens) is evenly split between staking rewards through the Enshrined Liquidity mechanism and the Vested Interest Program.
  • 30.25% is allocated to developers and early investors, subject to a four-year vesting schedule. This includes a one-year lock-up followed by a three-year linear release.
  • 7.75% is reserved for the Initia Foundation to fund strategic initiatives, bootstrap liquidity, and support ecosystem development.
  • 6% is dedicated to Binance’s Launch Campaign to promote exchange liquidity and community engagement.
  • 5% is earmarked for an airdrop to early users and testers, making tokens immediately claimable at launch.
  • 1% was allocated for Echo.xyz community sale participants, with tokens unlocking gradually over a two-year period.

Why INIT Listings Matter

The upcoming listings on major exchanges like Binance, MEXC, Bybit, Gate.io, Bitget, and KuCoin signify a critical step for INIT’s adoption and liquidity. These listings will provide broader access to the token, enabling traders and investors to participate in its ecosystem.

Key Features of Initia

Initia stands out as a blockchain built for scalability and interoperability. Its core features include:

  • Appchain Deployment: Simplifies the creation and deployment of application-specific blockchains.
  • Enshrined Liquidity: Enhances liquidity across its ecosystem by integrating modular liquidity mechanisms.
  • Interwoven Stack: Provides a modular framework to streamline blockchain development and operations.

“Initia’s strategic token distribution and advanced blockchain features aim to build a robust ecosystem that supports developers, investors, and the broader crypto community.”

With a solid foundation backed by reputable investors and innovative technologies, Initia is well-positioned to make a mark in the cryptocurrency sector. The upcoming exchange listings will likely play a pivotal role in boosting its visibility and adoption.

Stay tuned for the latest updates on cryptocurrency projects like Initia and explore more news in the world of finance and digital assets.

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