According to official news, the 68th L1 project on Binance Launchpool, Initia, has announced its tokenomics. The token name is INIT, with a fixed total supply of 1 billion, of which 7.75% is allocated to the foundation, 15% to protocol developers, 15.25% to investors, 25% to the Vested Interest Program (VIP) reward plan, 6% to Binance's marketing for token listing, 5% to airdrops, and 1% to Echo platform sales.
Previously, Binance announced that INIT will go live for spot trading on April 24 (this Thursday) at 19:00, with the pre-market trading price on Binance around $0.744.
1. What is INIT
INIT (Bone Chain) is a full-chain Rollup network built by integrating 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 complexity faced by end users when interacting with a modular multi-chain universe. Initia has a complete technology stack that aligns the economic interests of users, developers, L2 application chains, and L1.
2. What is the role of the Initia token?
INIT has various uses within the Initia ecosystem, primarily including:
Governance: Holders of the INIT token can participate in the decentralized governance of the ecosystem, voting on major matters such as protocol upgrades, Rollup integrations, and fund allocations.
Transaction Fees: INIT is used to pay transaction fees within the Initia ecosystem, especially for transactions executed in application-specific Rollups.
Staking and Incentives: Users can stake INIT to earn rewards while enhancing network security.
These uses collectively promote active participation and development within the Initia ecosystem.
3. What is the future development prospect of Initia?
The future development prospects of Initia are certainly promising, and I believe there are several aspects:
1. Capital Support: Since its establishment, the Initia coin has raised a total of $22.5 million, including $7.5 million in the seed round in October 2023 and $14 million in the Series A round in June 2024. These funding activities not only provide essential financial support but also reflect the industry's high recognition of its technology and vision.
2. Technical Advantages: The Initia coin adopts the concept of 'full-chain Rollup,' combining the collaborative economic models of L1 and L2, which directly links token demand with ecosystem activity. This design not only enhances the use cases of the token but also increases the network's resistance to attacks.
3. Ecological Cooperation: Initia coin has attracted 12 projects into its ecosystem, raising over $13 million in total. Additionally, it has formed strategic partnerships with stablecoin protocols such as Ethena, further expanding its ecosystem coverage.
Therefore, Initia coin, with its strong capital support, advanced technology and architecture, extensive ecological cooperation, and clear future development plans, demonstrates immense development potential and investment value.
4. Initia Launch Price Prediction and Risk Analysis
The Initia token INIT will officially launch for spot trading on Binance on April 24. This project is led by Binance Launchpool, making the launch on Binance inevitable. The project has also announced token information, with a total of 1 billion tokens. The market valuation of this project is $350 million, and the current pre-market trading price is around $0.74. It is expected that the launch price will also be around $0.3-$0.4. If it is below $0.4, it is a suitable entry opportunity, as the chances of price increase after the launch are quite high. However, if the launch price is too high, entering is not recommended to avoid being trapped at the peak. But for cautious operators, new coins just launched have a significant degree of uncertainty and risk; it is advisable to wait for market stability before choosing the right time to enter.
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