diff --git a/app/params/config.go b/app/params/config.go
index c17eed54..6e728934 100644
--- a/app/params/config.go
+++ b/app/params/config.go
@@ -17,8 +17,7 @@ const (
 
 	// Native token, only denominated in alnt
 	// Used for staking, fees and laconic module ops
-	CoinUnit         = "alnt"
-	DefaultBondDenom = CoinUnit
+	CoinUnit = "alnt"
 
 	// Bech32PrefixAccAddr defines the Bech32 prefix of an account's address.
 	Bech32PrefixAccAddr = "laconic"
diff --git a/scripts/init.sh b/scripts/init.sh
index ea18c035..8d23d3d8 100755
--- a/scripts/init.sh
+++ b/scripts/init.sh
@@ -97,8 +97,6 @@ if [ "$1" == "clean" ] || [ ! -d "$HOME/.laconicd/data" ]; then
   # Set gas limit in genesis
   update_genesis '.consensus["params"]["block"]["max_gas"]="10000000"'
 
-  update_genesis ".app_state[\"staking\"][\"params\"][\"bond_denom\"]=\"$DENOM\""
-
   # disable produce empty block
   if [[ "$OSTYPE" == "darwin"* ]]; then
       sed -i '' 's/create_empty_blocks = true/create_empty_blocks = false/g' $HOME/.laconicd/config/config.toml
@@ -121,7 +119,7 @@ if [ "$1" == "clean" ] || [ ! -d "$HOME/.laconicd/data" ]; then
   fi
 
   # Allocate genesis accounts (cosmos formatted addresses)
-  laconicd genesis add-genesis-account $BALANCE$DENOM --keyring-backend $KEYRING
+  laconicd genesis add-genesis-account $KEY ${BALANCE}${DENOM} --keyring-backend $KEYRING
 
   # Sign genesis transaction
   laconicd genesis gentx $KEY $STAKING_AMOUNT$DENOM --keyring-backend $KEYRING --chain-id $CHAINID