Binance has announced the listing of Initia (INIT) as the 68th project on its Launchpool platform. The INIT token, an L1 blockchain designed to enhance appchain value through interconnected infrastructure, will be available for trading starting April 24, 2025, at 11:00 (UTC). This announcement marks Binance as the first platform to list the INIT token, with trading pairs including INIT/USDT ($1.00), INIT/USDC, INIT/BNB, INIT/FDUSD, and INIT/TRY.

The Launchpool initiative allows users to lock BNB, FDUSD, and USDC to receive INIT airdrops over a six-day farming period, beginning on April 18, 2025. The total token supply for INIT is set at 1 billion, with 30 million INIT allocated as Launchpool rewards, representing 3% of the total supply. An additional 30 million INIT will be distributed through marketing campaigns post-listing.

Launchpool Participation and Restrictions

Users interested in participating in the INIT Launchpool must complete Binance’s KYC requirements. The farming period runs from April 18 to April 23, 2025, with daily rewards distributed across different pools. The BNB pool offers 4.25 million INIT in daily rewards, while the FDUSD and USDC pools provide 250,000 and 500,000 INIT, respectively.

However, participation is restricted for users from certain countries, including the United States, Canada, and Japan, among others. Additionally, users from Belgium, France, Italy, Poland, Spain, and Sweden will not be able to deposit or withdraw INIT but can engage in buying and selling activities.

Trading and Security Measures

Binance emphasizes the importance of conducting thorough research before engaging in trading activities to ensure the safety of funds. The platform warns against false advertising claims of offering the token before the official listing date. Spot Algo Orders will be enabled for the trading pairs at the time of listing, with Trading Bots and Spot Copy Trading becoming available within 24 hours.

For more detailed information, users are encouraged to refer to the original announcement here.

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