Binance has introduced the launch of Initia (INIT) on the pre-market of the perpetual market.

Listing Details

• Token name: INIT (Initia)
• Pre-market open date: 2025-04-16 06:30 (UTC)
• Capped funding rate: +2.00% / -2.00%
• Maximum leverage: 5x

Do note that INIT is only able to be traded on the perpetual contract of the pre-market on Binance.

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About Initia (INIT)

Initia is an innovative blockchain project, aiming to address multichain fragmentation and simplify decentralized application (dApp) development. Built on the Cosmos SDK, Initia integrates Layer 1 (L1) and Layer 2 (L2) technologies to create a scalable, interoperable ecosystem called the “Interwoven Economy.” Its architecture supports multiple virtual machines (MoveVM, WasmVM, EVM) and enables developers to launch application-specific rollups, known as Minitias, with rapid block times (500ms) and high throughput (10,000 TPS).

Learn more: Initia Price Prediction: Pre & Post-TGE Pathway

Backed by major investors like Binance Labs, Delphi Ventures, and Hack VC, Initia has raised over $24 million to advance its vision of a unified multichain network.

The native token, $INIT, is central to the ecosystem, serving multiple functions. It covers transaction fees across L1 and L2 and supports staking for network security and rewards. Besides, it also acilitates governance through voting, and provides liquidity via the Enshrined Liquidity model.

Initia allocates 5% of its 1 billion token supply (50 million INIT) for an airdrop to reward early testnet participants, community contributors, and ecosystem partners. Initia’s mainnet launch, expected in 2025, aims to drive scalability and developer adoption.

The post Binance Will List Initia (INIT) on Pre-market Future Contract appeared first on NFT Evening.