Binance, the world’s biggest crypto exchange, is adding a new blockchain project to its Launchpool. This platform lets users earn new crypto passively by staking existing ones.
Initia (INIT): A New Contender
The chosen project is Initia (INIT), a layer-1 blockchain aiming to compete with Ethereum. Initia focuses on making it easier to build and deploy rollups—a technology that improves scalability on blockchains. They claim their “Interwoven Stack” simplifies the process for developers, letting them concentrate on building apps instead of infrastructure. Essentially, Initia handles the complex technical details, allowing developers to focus on their applications.
What is Binance Launchpool?
Launched in 2020, Binance Launchpool is a program where users can stake their existing crypto holdings to earn new, upcoming tokens. This is a passive way to potentially grow your crypto portfolio.
Disclaimer: Investing in cryptocurrency is risky. Do your own research before investing any money. This information is not financial advice.
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