INIT Launches With Spot and Perpetual Trading, 1,000,000 INIT Prize Pool Promotion Begins

INIT was listed on April 24, 2025, with INIT/USDT spot and perpetual contracts available. INITUSDT perpetual contracts offer up to 5x leverage and are included in Futures Copy Trading. A spot trading promotion with a 1,000,000 INIT prize pool runs from April 24 to May 1, 2025. INIT is the native token of the Initia platform, which uses Layer 1 and Layer 2 architecture, is built on Cosmos SDK, supports EVM and CosmWasm smart contracts, and is used for transaction fees, staking, network security, and governance.