The INITIAL token is the native token of the Initia network, which is a Layer 1 modular blockchain platform designed for building appchains (application-specific blockchains). Here's a breakdown of what the INITIAL token is used for:
🔹 What is INITIAL Token?
INITIAL is the utility and governance token of the Initia ecosystem.
🔹 Key Uses of the INITIAL Token:
1. Gas Fees
Used to pay transaction fees on the Initia network.
2. Staking
Validators and delegators stake INITIAL to secure the network and earn rewards.
3. Governance
Token holders can vote on protocol upgrades, network parameters, and treasury decisions.
4. Interchain Usage
As Initia supports multiple appchains, INITIAL may be used across different zones as a common medium of exchange or fee token.
🔹 Additional Context
Tokenomics & Supply: The exact supply and distribution details vary depending on the release phases and team announcements.
Ecosystem: INITIAL plays a central role in Initia’s Interwoven Architecture, allowing seamless communication between modular Layer 2 appchains.
