Binance Launchpool’s INIT set to debut on CEXs as farming nears conclusion
Initia, Binance Launchpool’s 68th project, is gearing up for a wave of major exchange listings as its six-day farming period is drawing to a close.
Initia (INIT), the latest project featured on Binance Launchpool, is set to debut on several major exchanges. Binance will officially list INIT on April 24 at 11:00 UTC. Other centralized exchanges, including MEXC, Bybit, Gate.io, Bitget, and KuCoin have also confirmed listings for tomorrow.
The listings follows a six-day farming period on Binance Launchpool, where users could earn INIT tokens by staking Binance Coin (BNB), USD Coin (USDC), or FDUSD from April 18 to April 23. A total of 30 million INIT tokens—3% of the total supply—were allocated as farming rewards, with no platform fees charged for participation.
Initia is a Layer 1 blockchain designed to support appchain deployment and enhance liquidity through its Enshrined Liquidity and modular Interwoven Stack features. According to CryptoRank.io, the project has raised $25 million in total funding across pre-seed, seed, Series A, and private token sale rounds. Notable backers include Theory VC, Delhi Ventures, and Hack VC.
INIT, the native token of Initia, has a fixed supply of 1 billion tokens. Of this, 500 million INIT tokens are evenly split between staking rewards via the Enshrined Liquidity mechanism and the Vested Interest Program.
Developers and early investors will receive a combined 30.25% of the supply, all subject to a four-year vesting schedule. This includes a one-year lock-up followed by a three-year linear release. Additionally, the Initia Foundation has been allocated 7.75% of the supply to fund strategic initiatives, bootstrap liquidity, and support the broader ecosystem.
To promote exchange liquidity and community engagement, 6% of the total supply has been allocated to Binance’s Launch Campaign. Another 5% is set aside for an airdrop to early users and testers, which will be immediately claimable at launch. An additional 1% of the supply was reserved for Echo.xyz community sale participants, with tokens unlocking gradually over a two-year period.
