Binance Unveils INIT as its 68th Launchpool Project with Token Listing Scheduled for April 24

Binance has officially introduced Initia (INIT) as the 68th project on its Launchpool platform. INIT is a new layer-1 blockchain aimed at unifying application chains through interconnected infrastructure and compatible token economics. Users can stake assets such as BNB to earn INIT rewards starting at 03:00 on April 18, initiating a six‐day farming period that culminates in a spot token listing on April 24 at 14:00 UTC. The project includes detailed tokenomics with an initial circulating supply representing approximately 14.88% of the total supply and additional distributions via marketing campaigns post-listing. Binance has also outlined several supported staking pools with hourly limits and requires full KYC verification for participation. This move is intended to foster enhanced scalability and interconnectivity in the broader blockchain ecosystem, with a comprehensive research report to be available within 24 hours of the announcement.