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Initia (INIT) | The 68th Project on Binance Launchpool
A new day, A new opportunity for Binance users to make risk free money. Binance introduces Initia (INIT) on Binance Launchpool. where users can farm INIT by Locking BNB, FDUSD and USDC. Lets Dive into the project and see what it is all about. What is Initia? A blockchain platform designed to address fragmentation challenges in the multichain environment. Built using the Cosmos SDK, Initia integrates a Layer 1 blockchain serving as the base chain with Layer 2 scalability solutions that form an interwoven modular rollups network . Initia leverages a dual-layer architecture: Layer 1 (L1): Ensures data availability and chain coordination.Layer 2 (L2): A customizable infrastructure called Minitias, which supports multiple virtual machines (VMs) and application-specific logic. High Level Architecture Initia’s architecture is composed of three main components Initia L1: The Initia L1 is the base layer and central liquidity hub for all Interwoven rollupsInterwoven Rollups: An ecosystem of blockchain rollups built atop Initia L1Interwoven Stack: Initia’s framework for easily and painlessly building rollups and applications
Initia L1 and Enshrined Liquidity Consensus The Initia L1 is the first Cosmos SDK chain utilizing MoveVM and the Move smart contract framework. At the center of the L1 is Enshrined Liquidity, an altered Proof of Stake consensus enabling INIT denominated liquidity to be staked with validators to secure the network while acting as multichain liquidity.
Interwoven Stack Rollups on Initia’s Interwoven Stack operate in EVM, MoveVM, or WasmVM with 10,000 TPS and 500ms blocktimes. Interwoven Rollups have the Cosmos SDK underneath offering full-stack customizability on tx ordering and internalizing MEV.Interwoven Rollups enshrine LayerZero interoperability and Celestia DA and come with access to oracles, Native USDC, indexers, and other tooling.
Interwoven Rollups Interwoven Rollups are an ecosystem of Layer 2 blockchains built atop Initia L1, offering a scalable, customizable, and secure infrastructure for any application. Developers have the flexibility to deploy and customize their own rollup, tailoring various aspects such as: Smart Contract Virtual MachineGas TokensOther Customizable Features INIT Token UseCase The INIT token has several core use cases within the Initia ecosystem, Here’s a breakdown: Gas Token for Transactions INIT is the native gas token for Initia’s Layer 1 blockchain. It’s used to pay transaction fees and for computation across the network. Staking and Network Security INIT is used to stake and secure the network. Validators and delegators stake INIT to participate in consensus and earn. Governance INIT holders can vote on governance proposals. This includes protocol upgrades, funding decisions, and policy changes Enshrined Liquidity INIT powers the Enshrined Liquidity (EL) system, which ensures every rollup launched on Initia has native liquidity pools. This boosts adoption and simplifies token launches. Incentive Layer INIT is used to fund developer and user incentives. Programs like the VIP (Vested Interest Program) reward builders and early adopters. Interoperability Fuel INIT supports cross-rollup and cross-chain interactions within the Initia ecosystem. Enables seamless asset and message transfer between different modular chains. INITIA Product Suit
Initia’s unified product suite comes with the following: Initia Scan: Explorer for the Initia L1 and all L2s.Initia App: Homeground for all things on Initia.Initia Usernames: Multichain Name Service.Initia Multisig: MultiVM Multisig.Initia Wallet Widget: Simplified wallet frontend to connect wallets to rollups in any VM and manage multichain balances.Initia Bridge Widget: Simplified bridging into any Interwoven Rollup from any IBC or LayerZero connected chain. Initia Tokenomics Token Name: Initia (INIT) Total Token Supply: 1,000,000,000 INIT Max Token Supply: 1,000,000,000 INIT Max Token Supply: 1,000,000,000 INIT Token Distribution
Token Release Schedule The monthly and annual release schedules for the Initia token for the first four years are shown below. Annual Release Schedule
Monthly Release Schedule
INIT Fund Raising Initia has raised 25M USD. 22.5M USD was raised through 3 private rounds where ~15.25% of the supply was sold to investors.~5.07% in a preseed led by Binance Labs in early 2023~6.17% in a seed led by Delphi Digital and Hack VC in late 2023~4% in a Series A led by Theory Ventures in 20242.5M USD was raised on Echo.xyz in the first public sale from The Echonomist (1% of the supply)
INIT On Binance Launchpool To participate in Binance Launchpool you will need a verified Binance Account. Participating in the launchpool is a free money. If you are a holder of BNB, FDUSD or USDC you can have it by staking it Or you can buy BNB, FDUSD or USDC and stake it to get INIT tokens
You can also use this direct link Binance Launchpool 👈 Farm INIT token with BNB , USDC or FDUSD
You can also use these direct links 👇 Farm Init with BNB Farm Init With USDC Farm init with FDUSD Launchpool Token Rewards: 30,000,000 INIT (3% of total token supply)
Init Token will be listed in Spot on: 2025-04-24 11:00 (UTC)
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