Initia, the 68th project of Binance Launchpool, is preparing for a wave of large exchange lists, since the six -day agricultural period ends.
Initia (Init), the newest project on Binance Launchpool, will debut at various large fairs. Binance will officially list Init on April 24 at 11:00 AM UTC. Other centralized fairs, including Mexc, Bybit, Gate.io, Bitget and Kucin have also confirmed mentions for tomorrow.
The entries will follow on a six-day agricultural period at Binance Launchpool, where users can earn Init tokens by 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 range of it was assigned as agriculture rewards, without platform costs that are charged for participation.
Initia is a layer 1 blockchain that is designed to support appchain implementation and improve liquidity through its anchored liquidity and modular interwoven stacking functions. According to Cryptorank.ioThe project has collected $ 25 million in total financing in pre-seed, seed, Serie A and private topping sales rounds. Remarkable backers include Theory VC, Delhi Ventures and Hack VC.
Init, the native token of Initia, has a fixed stock of 1 billion tokens. Of these, 500 million Init -Tokens are equally divided between the cessation of rewards via the Enshrined liquidity mechanism and the established interest program.
Developers and early investors receive a combined 30.25% of the offer, all subject to a four -year schedule. This includes a lock-up of one year followed by a three-year linear release. In addition, the Initia Foundation 7.75% of the offer has been assigned to finance strategic initiatives, Bootstrap -Liquidity and to support the broader ecosystem.
To promote the liquidity of the exchange and involvement of the community, 6% of the total offer has been assigned to the Binance launch campaign. Another 5% is reserved for an airdrop to early users and testers, who will immediately be due and payable for the launch. An additional 1% of the offer was reserved for Echo.xyz Community Sale participants, in which tokens gradually unlocked over a period of two years.
