Participation Time and Method Participation Time: April 18, 2025, 08:00 (UTC+8)
Participation Method: Lock BNB, FDUSD, or USDC in the INIT reward pool on the Binance Launchpool page to participate and obtain INIT tokens. The event lasts for 7 days (until April 24, 2025).
Airdrop Scale: Distributing 40 million INIT (4% of total supply), with an initial circulation of 604.5 million INIT (6.05% of total supply).
Launch Time: April 24, 2025, 21:00 (UTC+8).

Brief Introduction to Initia

Initia is a Layer 1 blockchain designed for a modular multi-chain ecosystem, focusing on '0 to 1 full-chain Rollups', creating a seamlessly interconnected blockchain network through its unique 'Interwoven Stack'. Initia's core mission is to simplify the process for developers to build application-specific Rollups (Minitia), while providing users with a smooth cross-chain experience, eliminating the complexities of modular blockchains. It aligns the interests of users, developers, L2 application chains, and L1 through innovative economic models (such as enshrined liquidity) and community-driven governance.


Core Technical Features of Initia

Initia's technical architecture combines modular design, cross-chain interoperability, and innovative economic models, providing efficient tools for developers and a seamless interaction experience for users. 1. Modular Architecture Initia adopts a modular design, breaking down blockchain functions into independent modules, allowing developers to flexibly combine them based on needs, optimizing performance and resource allocation:

Execution Layer: Based on Cosmos SDK and Tendermint consensus, responsible for handling transactions and executing smart contracts, with a transaction confirmation time of about 0.5-1 seconds and a theoretical throughput of up to 10,000 TPS.

Settlement Layer: Ensures the finality and security of transactions, maintaining network stability through PoS consensus and L1 governance.

Data Availability Layer: Integrates Celestia, separating data storage from execution, reducing transaction costs and improving efficiency.

Advantages: Modular design allows Initia to support diverse application scenarios while maintaining high performance and low latency.

2. Cross-chain Interoperability

Initia achieves seamless cross-chain interaction through its 'Interwoven Stack', supporting the free flow of assets and data between different blockchains:

LayerZero: Provides cross-chain messaging, connecting blockchains outside the Cosmos ecosystem (e.g., Ethereum).

IBC Protocol: Achieves interoperability of blockchains within the Cosmos ecosystem (e.g., interactions with Cosmos Hub, Osmosis).

Cross-chain Bridge: Users can transfer assets across multiple chains through native wallets, simplifying operational processes.

Advantages: Breaks the blockchain island effect, enhancing ecological connectivity, particularly suitable for scenarios requiring cross-chain interaction, such as DeFi, NFTs, and gaming.

3. Innovative Economic Model

Initia introduces a unique economic incentive mechanism to balance the interests of participants such as validators, developers, and users:

Enshrined Liquidity: Embeds part of the token supply into the protocol, integrating PoS staking with liquidity mining, providing centralized liquidity, reducing external dependencies, and ensuring market stability.

Stakeholder Program (VIP): Long-term incentives based on KPIs (such as user activity, transaction volume) to encourage developers to build high-quality dApps and avoid 'dumping after airdrop'.

L1 Governance: Token holders decide on liquidity allocation, incentive standards, etc., through on-chain voting, enhancing community-driven governance.

Token Functions:

Governance Token ($INIT): Used for network governance and voting to determine the direction of ecological development.

Utility Token ($INIT): Used to pay transaction gas fees, incentivizing validators and liquidity providers.


Financing Status

Initia has completed multiple rounds of financing totaling $24 million, with a valuation of $350 million:

October 2023 (Pre-Seed Round): Investment from Binance Labs (amount undisclosed).

February 2024 (Seed Round): Financing amount of $7.5 million, led by Delphi Ventures and Hack VC, with participation from Nascent, Figment Capital, and others.

September 2024 (Series A): Financing amount of $14 million, led by Theory Ventures, with follow-on investments from Delphi Ventures, Hack VC, and angel investor Keone Hon of Monad Labs.

Ecological Support:

12 L2 projects (such as MilkyWay, Blackwing) developed based on the Initia tech stack, with a total financing amount exceeding $13 million.

Acquisition: Acquired blockchain explorer Celatone (Alles Labs team) in August 2024 to enhance the ecosystem toolkit.


Summary

Initia is a multi-chain blockchain platform centered around Rollup, addressing issues of blockchain fragmentation and insufficient interoperability through its innovative Interwoven Stack and enshrined liquidity mechanism.

In the future, with the mainnet launch and the addition of more dApps, Initia is expected to become a hub of the multi-chain ecosystem, promoting the proliferation of applications like DeFi, NFTs, and gaming. Whether for developers, investors, or community users, Initia offers a platform full of opportunities worth ongoing attention.