Start time: April 18, 2025, 08:00 (UTC+8)

End time: April 24, 2025, lasting 7 days.

Participation method: Go to the Binance Launchpool page, find Initia (INIT), stake BNB, USDC, or FDUSD to earn INIT tokens (both flexible and fixed-term BNB can participate).

Airdrop scale: Distributing 40 million INIT (accounting for 4% of total supply), initial circulating volume of 604.5 million INIT (accounting for 6.05%).

Launch time: April 24, 2025, 21:00 (UTC+8).

What project is Initia?

Initia is a full-chain Rollup network built by integrating novel L1 with application-specific L2 infrastructure systems. The Initia platform offers product-ready Rollups, enabling teams to build scalable sovereign systems while eliminating the complexity of user experience faced by end users interacting with a modular multi-chain universe. Initia has a complete technology stack to implement a set of chain-level mechanisms that align the economic interests of users, developers, L2 application chains, and L1.

Core features

1. Modular architecture

Initia adopts a modular design, decomposing blockchain functions into independent modules, enhancing flexibility and efficiency:

Settlement layer: Ensures transaction finality and network security through PoS consensus and L1 governance.

Data availability layer: Integrates Celestia, separates data storage from execution, reducing costs and improving performance.

Minitia Rollups: Supports application-specific optimistic Rollups, compatible with EVM, MoveVM, and CosmWasm, allowing developers to quickly deploy customized application chains.

Advantages: Modular architecture allows developers to combine functionalities according to needs, optimizing performance and adapting to diverse scenarios.

2. Low cost and high efficiency

Initia reduces resource consumption through off-chain data storage and on-demand computation:

Data is stored in the Celestia data availability layer, processed on-chain only when needed, significantly reducing gas fees.

Minitia Rollups offer high throughput and low latency, suitable for real-time applications such as blockchain games and DeFi.

Liquidity embedding protocol integrates PoS staking with liquidity mining, providing stable liquidity and reducing external dependencies.

Advantages: Compared to the high on-chain costs of traditional blockchains, Initia's design significantly reduces expenses while maintaining efficiency.

3. Extensive ecosystem support

Initia has integrated with multiple blockchain ecosystems, supporting cross-chain interoperability:

Cross-chain protocol: Seamlessly interact with networks such as Ethereum, Cosmos Hub, Osmosis via LayerZero and IBC protocols.

Ecosystem projects: 12 L2 projects (such as MilkyWay, Blackwing) have been developed based on the Initia technology stack, with total financing exceeding $13 million.

Application scenarios: Covering DeFi (cross-chain asset flow), NFT (multi-chain trading market), gaming (high-performance blockchain game infrastructure), and enterprise solutions (custom application chains).

Advantages: Strong cross-chain capabilities and diverse application scenarios make it a hub of the multi-chain ecosystem.

Financing background

October 2023 (Pre-Seed Round): Binance Labs investment (amount undisclosed), providing incubation support.

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

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

Total financing: Cumulative $24 million, valuation of $350 million, supported by top institutions and blockchain projects.

Ecosystem acquisition: Acquired blockchain explorer Celatone (Alles Labs team) in August 2024, enhancing developer toolchain.

Team members

Stanford Liu (CEO): Former research lead at Terraform Labs, Princeton University graduate, focused on blockchain protocol design and economic models.

Ezaan "Zon" Mangalji (Co-founder): External investment in Plume Network (RWA platform), possesses experience in blockchain ecosystem building and investment.

OmniscientAsian (Ecosystem Head): Vice President of Crescendo Ventures, former member of Sino Global Capital, skilled in ecosystem development and partnerships.

Future development of the project

Initia aims to become an industry benchmark for modular multi-chain ecosystems, promoting widespread adoption of DeFi, NFTs, gaming, and enterprise solutions through its low-cost, high-efficiency Rollup solutions and strong cross-chain capabilities. Compared to traditional blockchains, Initia offers advantages in developer-friendliness and user experience, especially in the current trend of modular blockchains and cross-chain interactions. Its 'Interwoven Stack' may become the preferred infrastructure for multi-chain ecosystems. In the future, Initia plans to deeply integrate with modular projects like EigenLayer and Celestia to unlock more real-world application potential, such as supply chain management, data privacy protection, and decentralized social platforms. At the same time, through liquidity embedding, vested interest programs (VIP), and L1 governance, Initia will continue to incentivize high-quality dApp development and community participation, building a healthy and sustainable multi-chain ecosystem. With the mainnet launching before May 2025, Initia will balance inflation through token burn and liquidity reward mechanisms, further enhancing the long-term value of $INIT.

Summary

Initia is a Layer 1 blockchain focused on a modular multi-chain ecosystem, providing efficient Rollup development tools for developers and seamless cross-chain experiences for users through its 'Interwoven Stack' and liquidity embedding mechanism. Its modular architecture, low-cost operating model, and extensive ecosystem support with 12 L2 projects and $24 million in financing set it apart in the multi-chain space. The team is led by seasoned professionals from the blockchain industry, backed by Binance Labs and top institutions, showcasing strong technical and market potential. In the future, with the mainnet launch and the popularity of modular blockchains, Initia is likely to become a leader in the multi-chain ecosystem, worthy of close attention from investors, developers, and the community!