Farm by Staking USDC & FDUSD

Key Takeaways:

  • Initia is the 52nd project listed on Binance Launchpool.
  • Farming is done by staking USDC and FDUSD.
  • Farming is done between April 18 and April 21, 2025.
  • INIT will go live on Binance with different trading pairs on April 21.

Binance Launchpool Launches Initia

Binance Launchpool is launching Initia (INIT) as its 52nd project, which allows users to farm INIT tokens by staking USDC and FDUSD. Being a modular blockchain platform with Layer 1 and Layer 2 capabilities combined, Initia brings a new architectural paradigm to the decentralized environment.

The duration of farming will be from 18th April to 21st April 2025 and will give investors a short but important window to earn INIT prior to it becoming listed on Binance officially.

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Farming Details: Stake Stablecoins to Earn INIT

Users of Binance are qualified to participate in two different farming pools: one USDC, and another FDUSD. The two pools have a total of 25 million INIT tokens, collectively weighing 50 million INIT, and which equals 5% of the initial supply of tokens (1 billion INIT in total).

The Launchpool pools are as follows:

  • USDC Pool – 25,000,000 INIT (50%)
  • FDUSD Pool – 25,000,000 INIT (50%)

Rewards are disbursed on an hourly basis, and users may stake or withdraw funds at their pleasure. Only verified users who have completed Binance’s Know Your Customer (KYC) verification process may join in.

The farming procedure is gas fee-free and needs no complex setup, making it accessible to retail users as well as institutional investors to gain exposure to INIT in its initial phase.

INIT Listing Details and Trading Pairs

Upon completion of the Launchpool farming process, INIT will go live in Binance’s Innovation Zone on April 21, 2025, 12:00 UTC. Four trading pairs will be available at listing:

  • NIT/USDT
  • INIT/BTC
  • INIT/BNB
  • INIT/FDUSD

Initally listing on the exchange under the pair of USDT, BTC, BNB, and FDUSD insures access to very deep levels of liquidity alongside multiple forms of options. The project integrates Layer 1 blockchain capabilities with the application of the Cosmos SDK and Tendermint consensus along with a network of Layer 2 application-specific rollups, also known as “app-rollups.”.

These app-rollups are separate blockchains that leverage Initia’s native interoperability and shared security features. The project aims to simplify development complexity and allow developers to create specialized environments tailored for specific use cases, such as DeFi, gaming, NFTs, and so on.

Market Relevance and Ecosystem Positioning

Initia is introduced to the market when there is growing interest in modular blockchain architectures. Competing with the likes of Celestia, Polygon CDK, and Optimism Superchain, Initia differentiates itself with the offering of a hybrid Layer 1 foundation chain combined with an adaptable Layer 2 rollup infrastructure. 

With its Ethereum-compatible features and Cosmos base, Initia also supports multi-chain strategies, where projects can bridge between ecosystems without relinquishing control over their execution environments.

Initia’s listing in Binance’s Launchpool is a testament to confidence in its long-term viability and technical merit. Launchpool projects are handpicked and have previously become leading contributors in their respective niches.

More News: FDUSD in the Crosshairs: Justin Sun’s $500M Fraud Accusation and First Digital’s Rebuttal

Source: https://www.cryptoninjas.net/news/binance-launchpool-lists-initia-init-farm-by-staking-usdc-fdusd/