INITInitia (INIT) Price

1.Project introduction

Initia is an innovative Layer 1 (L1) blockchain on Cosmos, designed to simplify blockchain development through the use of modular rollups. It allows developers to create application-specific L2s (Layer 2) without needing deep technical expertise. By offering seamless interoperability and integration with existing ecosystems, Initia aims to redefine multi-chain interactions and enhance user experiences.

2.Token application and distribution

Token application

Initia’s native token, $INIT, has a fixed supply of 1 billion (1,000,000,000) tokens. 

Token distribution

Foundation - 77,500,000 INIT

The Initia Foundation’s main goal is to advance the Interwoven Economy, help redefine the boundaries of multichain capabilities, and ensure a vibrant ecosystem of diverse applications. To this end, 7.75% of the total token supply is set aside towards the Initia Foundation for a variety of endeavors — including initial liquidity bootstrapping for Enshrined Liquidity, genesis validator delegations, and future strategic initiatives and ecosystem grants.

Protocol Developers (Team) - 150,000,000 INIT

Protocol developers, including current and future Initia team members and contributors, have been allocated 15% of the supply in aggregate. All recipients of tokens from this category are subject to a 4 year vesting period that includes a 12 month lock and a 36 month unlocking period.

Protocol Sales (Investors) - 152,500,000 INIT

The Interwoven Economy’s progress would have not been possible without the early backing of Initia by its investors. Across three total rounds of fundraises, Initia has been able maintain a low dilution to investors by 15.25% of the total supply. Similar to tokens allocated to Protocol Developers, tokens in the Protocol Sales category are subject to a 4 year vesting period that includes a 12 month lock and a 36 month unlocking period.

Enshrined Liquidity & Staking Rewards - 250,000,000 INIT

At the core of the Interwoven Economy is Initia’s Enshrined Liquidity mechanism, which replaces the typical L1 PoS system. In Enshrined Liquidity, capital is put to effective use through liquidity provision and allows users to simultaneously provide L1 economic security while earning staking rewards, trading fees, and external ecosystem incentives. Initially, EL & staking rewards have a block-by-block release rate of 5% per year (12,500,000 INIT per year).

Vested Interest Program (VIP) Rewards - 250,000,000 INIT

Vested Interest Program is Initia’s novel and dominant incentive mechanism that is used to align the interests of all participants in the Interwoven Economy, including application end users, application builders, and L1 stakeholders. These rewards are wholly allocated to the community of users. VIP rewards are distributed in escrowed form and can be vested through maintaining VIP KPIs over several epochs or zapping. Similar to staking rewards, VIP rewards have an initial release rate of 7% per year (17,500,000 INIT per year).

Binance Launch Campaign - 60,000,000 INIT

For the initial CEX liquidity bootstrapping, 6% of the total supply is allocated towards Binance’s Launch Campaign.

Airdrop - 50,000,000 INIT

Initia’s airdrop will initially distribute 50,000,000 INIT tokens (5% of the total network supply) to network testers, advocates, and users of the technology who have helped make Initia’s vision of an interwoven multichain world possible. These tokens will be immediately available on genesis for eligible participants to claim for 30 days.

Echo.xyz Community Sale - 10,000,000 INIT

Tokens in this category have been allocated to the community of users who participated in Echo.xyz’s investment round. Tokens in this category unlock in four equal tranches 12/15/18/24 months post-genesis.