1. Project Overview

Initia is a Layer-1 blockchain network designed to realize the vision of application-specific chains by providing a native interconnected rollup system, a unified multi-chain product suite, and an economic framework to align and interconnect these chains.

Initia enables teams to build customizable application-specific blockchains while establishing shared standards across the system, creating a seamless and unified multi-chain world.

2. Token Information

  • Token Name: $INIT

  • Token Type: Native

  • Initial Circulating Supply: 148,750,000 (14.88% of total supply)

  • Total Supply: 1,000,000,000

  • Maximum Supply: 1,000,000,000

  • Binance Launchpool Allocation: 30,000,000 (3.00% of total supply)

  • Binance Launchpool Start Date: 04/18/2025

3. Project Highlights

  • Interwoven Stack: Rollups can run on EVM, MoveVM, or WasmVM, with up to 10,000 TPS and 500ms block times. Built on Cosmos SDK, offering full-stack customization, transaction ordering, and internalized MEV capture.

  • Native Layer-1 and Enshrined Liquidity Consensus: Initia L1 is the first Cosmos SDK-based chain using MoveVM and Move smart contracts, with native liquidity staking to secure the network and enhance multi-chain liquidity.

  • Unified Product Suite:

    • Initia Scan: Explorer for L1 and all L2s.

    • Initia App: Unified portal for all Initia content.

    • Initia Username: Multi-chain naming service.

    • Initia Multisig: Multi-VM multisignature solution.

    • Initia Wallet Widget: Easy wallet connector and balance manager.

    • Initia Bridge Widget: Simplified bridging across IBC and LayerZero chains to Interwoven Rollups.

  • Initia VIP Program: A programmable economic incentive system distributing INIT rewards to align L1, L2s, and user activities based on KPIs and TVL metrics.

4. Token Utility

  • Gas Token: INIT is used for transaction fees across Initia L1 and Interwoven Rollups.

  • Liquidity and Security: INIT is used in the native DEX liquidity pools, staked alongside validators to enhance network security and cross-chain liquidity.

  • Settlement Fees: Application chains pay settlement fees to L1 using INIT.

  • Ecosystem Incentives: INIT powers the Initia VIP economic framework to reward and retain users across the ecosystem.

5. Fundraising Information

  • Total Raised: $25 Million

  • Private Rounds: $22.5 Million raised across three rounds:

    • 2023 Early Seed Round (led by Binance Labs) — ~5.07% sold

    • 2023 Late Seed Round (led by Delphi Digital and Hack VC) — ~6.17% sold

    • 2024 Series A (led by Theory Ventures) — ~4% sold

  • Public Round: $2.5 Million raised via Echo.xyz, representing ~1% of supply.

6. Ecosystem Growth

  • 16 Deployed Interwoven Rollups: Applications on Initia’s Interwoven Stack have already raised over $28M from leading investors like Binance Labs, Polychain, Hack VC, and Lightspeed Faction.

  • Multi-VM Support: Full interoperability across EVM, MoveVM, and WasmVM environments with seamless token transfers.

  • First MoveVM on Cosmos SDK: Pioneering MoveVM integration with full IBC capabilities.

  • High Interoperability: Native connections to any LayerZero and IBC-compatible chains at launch.

Disclaimer:
This content is for project research purposes only and does not constitute any investment advice.