Initia (Init)
Learn and Earn Quize Rewards ✨ 1 $INIT Token Received 🌟
Initia combines a Layer 1 blockchain and customizable Layer 2 rollups to simplify building scalable, connected, and developer-friendly Web3 applications
Introduction
Initia is a blockchain project that brings together a Layer 1 blockchain and a network of customizable Layer 2 rollups. The idea is to make it easier for developers to build their own blockchains and apps — without having to deal with all the technical headaches that usually come with it. With built-in tools and infrastructure, Initia helps create a connected, scalable, and easy-to-use multichain ecosystem.
The INIT Token
$INIT is the native token of the Initia ecosystem. Here’s what it does:
Gas fees: Used to pay for transactions on both L1 and eligible rollups
Staking: Helps secure the network when users delegate their INIT
Governance: Lets holders vote on how the network evolves
Rewards: Used in reward programs like VIP to incentivize activity
INIT has a total supply of 1 billion tokens. Some of it goes to staking, some to developers, and some to users through programs like Binance Launchpool.
INIT on Binance Launchpool
On April 17, 2025, Binance announced INIT as the 68th project on the Binance Launchpool. Users who locked their BNB, FDUSD, and USDC during the farming period were eligible to receive INIT rewards. A total of 30 million INIT tokens were allocated to the program, accounting for 3% of the total token supply.
After the farming period, INIT was listed for trading on Binance with the Seed Tag applied, allowing for trading against the USDT, USDC, BNB, FDUSD, and TRY pairs.