PANews reported on April 17 that Binance announced that it will launch the 68th Launchpool project, Initia (INIT), at 11:00 (UTC) on April 24, 2025. Users can lock BNB, FDUSD and USDC from 00:00 (UTC) on April 18, 2025 to obtain the INIT airdrop, and the event will last for 6 days. Binance will provide INIT/USDT, INIT/USDC, INIT/BNB, INIT/FDUSD and INIT/TRY trading pairs. The total supply of INIT is 1 billion, of which 3% (30 million) are used for Launchpool rewards. In addition, an additional 10 million INITs will be allocated in batches for other marketing activities after spot listing, and another 20 million will be allocated 6 months after listing. The initial circulating supply is 148,750,000 INITs.