🚀 INITIA (INIT) – Next-generation Modular Blockchain officially launched on Binance Launchpool!
Initia is a pioneering blockchain project that combines Layer 1 and Layer 2 in a synchronized system, providing effective and developer-friendly scaling solutions. The project is built on the Cosmos ecosystem, utilizing Optimistic Rollups technology along with new mechanisms such as Omnitia Shared Security and multi-VM runtime.
🔍 What makes Initia special?
✅ Initia L1: A native chain built using Cosmos SDK + CosmWasm, responsible for coordinating, securing, and managing the network.
✅ Minitia L2: Independent Rollups – allowing projects to easily deploy App-chains with custom logic while sharing security infrastructure from Initia.
✅ Multi-VM: Initia supports multiple virtual machines like MoveVM, EVM, WasmVM, creating a flexible development environment for dApps.
✅ IBC Compatibility: Deep integration with chains in the Cosmos ecosystem through the Inter-Blockchain Communication (IBC) protocol.
🧠 Vision and Ecosystem:
Initia is not just a blockchain platform – it is an ecosystem of customizable and scalable App-chains.
Providing no-code & low-code tools that allow even non-tech developers to create their own chains.
Possessing a decentralized identity (DID) system, native stablecoin, and flexible fee mechanisms across chains.
💸 Significant funding & backing:
Successfully raised 7.5 million USD, led by Binance Labs, along with major funds like Delphi Ventures, Hack VC, Nascent, Figment Capital,...
The development team includes former engineers from Terra, Cosmos, ETH Global hackers, and advisors from many major Web3 organizations.
🔥 INIT officially launched on Binance Launchpool!
Total supply of INIT: 1,000,000,000 tokens
Launchpool rewards: 30,000,000 INIT (3% of total supply)