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What is #INIT ?
INIT powers Initia, a modular blockchain infrastructure combining Layer 1 and customizable Layer 2 rollups (“Minitias”). It supports Cosmos SDK, EVM, MoveVM, and WasmVM environments.
💎 Token Utility & Features
• Gas & Fees: Used to pay transaction costs across both L1 and Minitias.
• Staking: Supports network security via validators and delegators.
• Governance: Token holders vote on upgrades, inflation, reward programs.
• Incentives: Used in reward schemes like VIP, esINIT, Launchpool, and airdrops.
📊 Tokenomics & Distribution
• Total supply: 1 billion INIT.
• Circulating: ~148.8 million (~14.9%) since mainnet launch (April 24, 2025).
• Allocation:
• Airdrop: 5% (~50 M)
• Binance Launchpool: 3% (~30 M)
• Investors: ~15%
• Team: ~15%
• Liquidity & staking rewards: ~25%
• Vested interest & foundation/community: remaining share