# Initia (INIT) Token: A Brief Overview
Initia (INIT) is the native cryptocurrency of the Initia Network, a Layer 1 blockchain built using the Cosmos SDK that integrates interwoven rollups to enhance scalability and interoperability in the multi-chain ecosystem .
1. Utility – INIT is used for transaction fees, staking, governance, and liquidity provisioning across Initia’s Layer 1 and Layer 2 (Minitia) networks .
2. Tokenomics – The total supply is capped at 1 billion INIT, with allocations for community incentives (50%), ecosystem development (25%), team & advisors (15%), and reserves (10%).
3. Airdrop – 50 million INIT (5% of supply) were distributed to testnet participants, ecosystem partners, and social contributors .
4. Governance – INIT holders can vote on network proposals, influencing the platform’s future direction .
5. Interwoven Rollups – INIT powers cross-chain transactions and liquidity across EVM, MoveVM, and WasmVM-based rollups, enabling high throughput (10,000 TPS) and fast block times (500ms) .
Initia aims to reduce blockchain fragmentation by unifying Layer 1 security with Layer 2 scalability, making it a promising project in the modular blockchain space .
