INITA (INIT) is a new project introduced on Binance TR Launchpool. Users can stake their BNB to earn INIT tokens. This process offers users the chance to participate in early-stage projects and potentially earn rewards.

Initia in a Nutshell:

• Layer 1 + Layer 2 hybrid architecture:

A Layer 1 network where developers can easily launch custom L2 rollups.

• Features modular “Minitias” – customizable Layer 2 chains.

• Built with Cosmos SDK and supports IBC (Inter-Blockchain Communication).

• Enhanced security via Optimistic Rollups + Fraud Proofs.

Technology & User-Focused Design:

• Multi-VM support: Compatible with EVM, MoveVM, WasmVM.

• Gas-free transactions: Users enjoy minimal transaction fees.

• Native stablecoins & multi-chain bridging enhance UX.

• Easy L2 chain deployment: No deep technical expertise required.

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Ecosystem & Usage:

• Nearly 3 million wallets,

• Over 125 million transactions,

• 12+ projects are building or testing L2 chains on Initia.

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Funding & Backers:

• $14M funding round (2024)

→ Led by Theory Ventures, Delphi Ventures, Hack VC.

• Binance Labs is an early backer.

• Token valuation: $350 million