Initia is a project supported by Binance Launchpool. According to the latest news, Binance will list Initia (INIT) on April 24, 2025, at 19:00 (UTC+8) and open trading markets for INIT/USDT, INIT/USDC, INIT/BNB, INIT/FDUSD, and INIT/TRY, subject to seed label trading rules.
1. What is Initia?
Initia, known in Chinese as Bone Chain, is a full-chain Rollup network and one of the projects led by Binance Launchpool. It is constructed by integrating a novel L1 with application-specific L2 infrastructure systems. The Initia platform provides product-ready Rollups, enabling teams to build scalable sovereign systems while eliminating the user experience complexities faced by end-users when interacting with a modular multi-chain universe. Initia has a complete technology stack to achieve a set of chain-level mechanisms that align the economic interests of users, developers, L2 application chains, and L1.
2. Initia Launches the First MoveVM Compatible with Cosmos IBC
Initia L1 is an interoperable network using MoveVM, which is the first integration natively compatible with the communication (IBC) protocol between the Move smart contract language and the Cosmos blockchain. Additionally, Initia's architecture enables L2 to leverage EVM, WasMVM, or MoveVM, facilitating seamless messaging and bridging between them. Initia utilizes a robust economic system to coordinate incentives across the entire ecosystem.
The founding team combines native cryptocurrency founders and researchers, building billions of TVL applications in the Cosmos and Ethereum ecosystems. To date, Initia has established partnerships with numerous projects, including portfolio companies of the Binance incubator and global top mobile game publishers. The funds raised will be used to support the development of Initia's infrastructure, expand product tools, and incubate key application layer projects to enhance the Initia ecosystem.
3. Introduction to the Initia Development Team
The two core developers of Initia, Zon and Stan Liu, were employed at Terraform Labs during its peak. Zon is a smart contract developer, while Liu was researching MEV.
After leaving Terraform Labs, they began building a new DeFi blockchain based on Cosmos. After the collapse of Terra, they paused the project and returned funds to investors. They reassessed their direction, seeking to create greater value and innovation in the blockchain space, ultimately focusing on Initia.
The Initia team consists of over 20 members with rich experience from the Cosmos, Terra, and Ethereum ecosystems, as well as backgrounds from FAANG and top quantitative firms. They have built many DeFi dApps, managed and developed multiple blockchains, and made significant contributions to Cosmos Core and CosmWasm. Major achievements include developing Station Wallet (5.3 million downloads, over 100,000 daily active users) and supporting infrastructure for over 700,000 daily transactions on Terra.
4. Important Events of Initia
In February 2024, Initia completed a seed round financing of $7.5 million.
In May 2024, Initia's testnet went live.
In September 2024, Initia completed a $14 million Series A financing, with the project valuation reaching $350 million.
In September 2024, Initia completed another $2.5 million financing.
5. Price Prediction for Initia Launch
Initia launched pre-market trading in mid-April, with the current price around $0.73. The project has not yet disclosed detailed token information, estimated at 1 billion tokens. The current valuation is approximately $500-800 million. Based on the number and valuation as well as the pre-market trading price, a launch price of $0.5 should be achievable. If the official launch price is below $0.5, it could be a good entry point; overall, the future development and trend of this project are optimistic. However, newly launched coins carry significant uncertainties and risks, and cannot be analyzed through technical trends, so it is advised to enter cautiously!
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