【Binance Launchpool Project Research: Initia】

📌 Project Introduction

Initia is a modular blockchain platform aimed at simplifying the development and deployment of dApps.

It achieves its goals through three main architectures.

1. Initia Layer 1 (L1): Based on the Cosmos SDK, supporting MoveVM, providing security, governance features, and cross-chain communication capabilities.

2. Interwoven Rollups (L2): Developers can create their own Rollup and customize Gas tokens, etc.

3. Interwoven Stack: A development toolkit that includes wallets, browsers, etc.

🪙 Token Features

The $INIT token is the Gas token for L1 and L2, which can be staked for rewards and is also a governance token.

The AMM liquidity mechanism is directly integrated into Initia Layer 1, and $INIT is the core token of this mechanism.

✅ Token Outlook

The price of the $INIT token is highly correlated with ecological development. As the core token of the entire system, when the usage of DeFi is high, the profits from $INIT will be significant.

Currently, the circulating supply accounts for approximately 14.88% of the total supply.