INIT Binance Listing Set for April 24 as Farming Goes Live Today
Init Binance Listing Coming Soon, Farming Starts Today on Launchpool Initia farming starts today on April 18, on Binance Launchpool. It is giving users a chance to earn free tokens through airdrops by locking BNB, FDUSD, or USDC. The farming event will run for six days, ending on April 23. It will officially list the token for trading on April 24 at 11:00 (UTC) with trading pairs like USDT, USDC, BNB, FDUSD, and TRY. Initia is Binance’s 68th Launchpool project. With a total supply of 1 billion coins and 30 million coins allocated for farming, this launch is drawing attention across major exchanges, including KuCoin, Bitget, and MEXC, all set to list on the same day.Source:XInitia (INIT) is a new blockchain project. It connects smaller, app-based blockchains into one big system. It works as a Layer 1 (L1) blockchain and supports many Layer 2 (L2) rollups. These rollups are linked using Initia’s special system called the Interwoven Stack. This setup helps apps work together while staying fast and easy to use.INIT Farming Starts TodayFarming starts on April 18 and will continue for six days until April 23 at 23:59 (UTC). During this time, users can farm by locking their BNB, FDUSD, or USDC tokens into special pools. Users will receive free tokens as rewards.In total, 30 million tokens will be given out during the farming period. The rewards are divided into three pools:BNB pool: 25.5 million token(85%)FDUSD pool: 1.5 million token (5%)USDC pool: 3 million token (10%)There are also hourly limits to keep farming fair. For example, each user can get up to 17,708.33 token per hour from the BNB pool. The farming page on Binance will open before the event begins, and users must complete KYC to take part.INIT Token Supply and DistributionIt has a total and maximum supply of 1 billion tokens. Out of this, 30 million INIT will be shared during the Launchpool farming event. Another 10 million tokens will be used for marketing after the listing. An extra 20 million will be reserved for more marketing, six months after the listing.At the time of the Binance listing, 148.75M tokens, which is about 14.88% of the total supply, will be in circulation. The listing fee for INIT is 0, making it easy for users to access the token at launch without extra costs.INIT Listing on Binance and KuCoinIt will begin trading on April 24 at 11:00 (UTC). Users can trade it in pairs such as USDT, USDC, BNB, FDUSD, and TRY. This gives users many options to trade using stablecoins and major tokens.KuCoin has also announced it will list it at the same time, starting with the USDT pair. Binance is the first platform to officially announce and support the listing, and it will apply a Seed Tag to the token. Other platforms, including Bitget and MEXC, are also listing on the same date. These listings, alongside Binance and KuCoin, show growing support for the project across major exchanges. ConclusionThe launch of Initia is a big step in the blockchain world. It brings a new way to connect app-based blockchains using its Interwoven Stack. The farm has already started, and many big exchanges like Binance, KuCoin, Bitget, and MEXC will list INIT. This shows strong early interest. Trading will begin on April 24. Users should learn more and see what this new project can offer. Also read: Which Is Not The Cause Of Liquidation? Spur Protocol Quiz Answers