title: Initia (INIT), Binance Launchpool’s 68th project, is gearing up for a wave of major exchange listings

Initia (INIT), the latest project featured on Binance Launchpool, is set to debut on several major exchanges. Binance will officially list INIT

The six-day farming period for Initia (INIT), the latest project featured on Binance Launchpool, is drawing to a close.

As previously reported by CryptoNews, Binance Launchpool’s 68th project, saw users earning INIT tokens by staking Binance Coin (BNB), USD Coin (USDC), or FDUSD. A total of 30 million INIT tokens—3% of the total supply—were allocated as farming rewards, with no platform fees charged for participation.

Now, ahead of the major exchange's listing on April 24 at 11:00 UTC, five other centralized exchanges have confirmed listings for tomorrow.

According to a tweet by Token Terminal, the Layer 1 blockchain designed to support appchain deployment and enhance liquidity through its Enshrined Liquidity and modular Interwoven Stack features, has raised $25 million in total funding.

This includes pre-seed, seed, Series A, and private token sale rounds. Some of the notable backers participating in the funding rounds are Theory VC, Delhi Ventures, and Hack VC.

According to the Initia token allocation, the native token has a fixed supply of 1 billion tokens.

Of this, 500 million INIT tokens are evenly split between staking rewards via the Enshrined Liquidity mechanism and the Vested Interest Program.

Meanwhile, developers and early investors will receive a combined 30.25% of the supply, all subject to a four-year vesting schedule. This includes a one-year lock-up followed by a three-year linear release.

Additionally, the Initia Foundation has been allocated 7.75% of the supply to fund strategic initiatives, bootstrap liquidity, and support the broader ecosystem.

Further promoting exchange liquidity and community engagement, 6% of the total supply has been allocated to Binance’s Launch Campaign. Another 5% is set aside for an airdrop to early users and testers, which will be immediately claimable at launch.

An additional 1% of the supply was reserved for Echo.xyz community sale participants, with tokens unlocking gradually over a two-year period.