KEY TAKEAWAYS
- Bybit is set to list INIT on its Spot trading platform, with deposits starting on April 23, 2025, and the listing on April 24, 2025.
- Two ‘Token Splash’ events will accompany the listing, offering a total prize pool of 2,400,000 INIT to new and existing users.
- INITIA, the network behind INIT, integrates a Layer 1 blockchain with customizable appchains for a unified multichain environment.
Bybit has announced the upcoming listing of INIT on its Spot trading platform. The listing will follow a structured timeline, with deposits opening on April 23, 2025, at 10 AM UTC, the listing itself occurring on April 24, 2025, at 11 AM UTC, and withdrawals becoming available on April 25, 2025, at 10 AM UTC. All transactions will be conducted via the INIT network.
In conjunction with the listing, Bybit is launching two special events to engage users. The first event, ‘Token Splash,’ is exclusive to new users and features a prize pool of 1,600,000 INIT. This event runs from April 24, 2025, at 10 AM UTC to May 8, 2025, at 9 AM UTC. Participants must register, complete identity verification, and accumulate a deposit volume of at least 150 INIT or trade 100 USDT worth of INIT to qualify. The first 20,000 new users to meet these criteria will each receive 80 INIT.
The second event, also named ‘Token Splash,’ is open to all users and offers an 800,000 INIT prize pool. This event begins on April 24, 2025, at 11 AM UTC and ends on May 8, 2025, at 9 AM UTC. Participants must trade at least 500 USDT worth of INIT on Spot to earn a share of the prize pool, with rewards capped at 1,100 INIT per user.
Understanding INITIA (INIT)
INITIA is a network designed for interwoven rollups, combining a Layer 1 (L1) blockchain with a system of customizable appchains. Its framework allows for the creation of application-specific blockchains with full-stack customizability, while maintaining shared standards across the system to promote a unified multichain environment.
For more details on the listing and events, visit the official announcement here.
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