In recent days, the Binance stock exchange has announced a project that will appear on the platform as part of the new Launchpool. Initia (Init) is a blockchain of layers 1 (L1), which aims to combine various chains to free their full value through unified infrastructure and economic connection. In this article we will tell you how to collect additional tokens before the official start of the project.
Initia – introduction to the project
Initia is a blockchain designed for multioperativeness, combining a native pile of rollups, an innovative economic model and a full set of products. The project collected USD 25 million in 3 financing rounds, which lasted a total of 2 years. The pre -seed round was led by Yzi Labs, Seed – Delphi Ventures and Hack VC, and the series A – Theory Ventures. Initia also carried out the first social sales on the Echo platform. Mainnet Initia is to be launched on April 24, 2025.
Initia (INIT) project tokenomy
The total supply of Init tokens is 1 billion, of which 30 million (3%) was allocated to prizes in the Launchpool phase. Farming Init tokens will be possible by blocking BNB, FDUSD and USDC and will allow users to receive AIRDROPS for 6 days, from April 18, 2025 at 00:00 UTC until April 23, 2025 at 23:59 UTC. Init trade will start on April 24, 2025 at 11:00 UTC, with commercial couples such as Init/USDT, Init/USDC, Init/BNB, Init/FDUSD and Init/Try.
How to take part in Launchpool Initia?
To participate in the Farfi Init on Binance Launchpool, users must:
- Has a binance account with a completed identity verification.
- Depo in BNB, FDUSD or USDC to their Binance account if they don’t have them yet. These tokens can be bought directly on the stock exchange for other crypto or traditional currency.
- Go to the “Launchpool” section on the Binance platform, select the pool (BNB, FDUSD or USDC) and block the tokens for the Farming period.
- Receive Airdropy Init every hour, depending on the number of tokens blocked, with limits such as 17 708.33 Init per hour for the BNB pool, 1 041.66 Init for FDUSD and 2 088.33 Init for USDC.
After the end of farming, users will be able to trade Init on Binance, which opens the possibility of further investing or using tokens in the Initia ecosystem.
Key features of Initia
Pile of Interwoven
The Interwoven pile is an Initia framework for building rollups and applications, offering integrated experience for developers. It allows you to launch configurable blockchains with shared liquidity, interoperability with Layeroro and IBC, support for many virtual machines (EVM, Movevm, WASMVM) and the reward system. Thanks to this, developers can create environmental environments, maintaining unprofitable availability of ecosystem. Stack also provides UI/UX consistency, which makes it easier for users to navigate the Multichain world without the need for new interfaces. More precisely:
- Shared liquidity – It allows you to easily share resources between chains.
- Interoperability – Support for Layeroro and IBC, facilitating communication between chains.
- Multiple VM – Supports EVM, Movevm and Wasmvm, giving elasticity to developers.
- Incentivization layer – encourages users and developers’ activity.
VIP mechanism (VESTED INTEREST PROGRAM)
VIP is an innovative mechanism that rewards users for real ecosystem actions, such as trade, playing games or contribution to applications, instead of only for the farming of points. The prizes are distributed on the basis of activity in individual applications, which means that by supporting a rollup (e.g. through trade), the user not only contributes to its development, but also earns some of the awards related to his success. This mechanism is aimed at a long -term increase in the ecosystem, providing users with a real sense of property.
- Prizes – For trade, playing, contribution to applications, not just farming.
- Distribution – Depending on activity in applications, e.g. rollups.
- Objective – Ecosystem growth, long -term user involvement.
Wallets flexibility
Users can use their favorite portfolios such as Metamask, Phantom, Keplr or Rabby, without having to set up new ones. This solution eliminates one of the main barriers in the world of cryptocurrencies – the need to manage many wallets. This approach improves comfort and availability.
Native assets
Initia supports native assets such as USDC and ETH, without the need for bridge and dealing with various tokens standards. Thanks to this, users can use these assets throughout the ecosystem without fear of fluidity fragmentation or additional costs.
Fast starting of blockchains
Thanks to Stack, Interwoven, developers can launch powerful, adapted blockchains in minutes, with shared liquidity, interoperability and a layer of incentivization. This opens the door to quickly create innovative applications, such as games, NFT or DEFI, with over 7 applications already available at the start of Mainnet on April 24, 2025.
Potential and challenges
Initia seems to be a promising project thanks to its infrastructure, which can reduce fragmentation in the blockchain ecosystem and simplify the interactions between the chains. The VIP mechanism and support for native assets can attract users and increase interest in this sector, offering prizes for real commitment. However, Initia’s success will depend on the speed of adoption by developers and users, which still remains uncertain. Binance, as the first platform announcing Init, emphasizes that all claims about the previous availability of token may be a false advertisement, which indicates the need for caution. Unfortunately, nowadays a lot of tokens are created that approprias someone’s efforts and impersonating real artists and then turns out to be an ordinary scam.
Market context
Initia collected over $ 28 million as part of its application economy of specific blockchains, which exceeds the amount collected by the project itself ($ 25 million). These are independent chains that are closely related to Initia, dividing liquidity and reducing fragmentation. This distinguishes Initia from other projects that often build applications on existing L1, instead of creating their own independent ecosystems.
What conclusions?
The introduction of Initia on Binance Launchpool is an important step towards a more integrated and user -friendly blockchain ecosystem. Users can already participate in the Farind Init, blocking BNB, FDUSD or USDC, and prepare for trade from April 24, 2025. The project offers innovative solutions, such as the Interwoven pile and a VIP mechanism, which can attract both developers and users. Initia is a type of system that combines various applications and facilitates the use of cryptocurrencies, e.g. allows you to use known wallets such as Metamask and rewards for activity, such as playing games or trade. However, the future success of Initia will depend on its ability to attract the community and maintain stable growth.
If you are interested in this topic, you can register by clicking on this link: https://accounts.binance.com/register?ref=pna3t6J8
