diff --git a/scripts/init.sh b/scripts/init.sh
index 00cb25c1..ea18c035 100755
--- a/scripts/init.sh
+++ b/scripts/init.sh
@@ -6,8 +6,6 @@ KEY="alice"
 CHAINID=${CHAINID:-"laconic_9000-1"}
 MONIKER=${MONIKER:-"localtestnet"}
 KEYRING=${KEYRING:-"test"}
-ALPS_DENOM=${ALPS_DENOM:-"alps"}
-ALPS_BALANCE=${ALPS_BALANCE:-"1000000000000000000000000000000"} # 10^32 alps | 10^12 lps
 DENOM=${DENOM:-"alnt"}
 BALANCE=${BALANCE:-"1000000000000000000000000000000"} # 10^32 alnt
 STAKING_AMOUNT=${STAKING_AMOUNT:-"1000000000000000"} # 10^15 alnt
@@ -123,7 +121,7 @@ if [ "$1" == "clean" ] || [ ! -d "$HOME/.laconicd/data" ]; then
   fi
 
   # Allocate genesis accounts (cosmos formatted addresses)
-  laconicd genesis add-genesis-account $KEY $ALPS_BALANCE$ALPS_DENOM,$BALANCE$DENOM --keyring-backend $KEYRING
+  laconicd genesis add-genesis-account $BALANCE$DENOM --keyring-backend $KEYRING
 
   # Sign genesis transaction
   laconicd genesis gentx $KEY $STAKING_AMOUNT$DENOM --keyring-backend $KEYRING --chain-id $CHAINID