Initia ( Init ) Spot Trading Will Go Live Today and Here is everything you needs to know about the project.

** What is Initia**

Initia is a network for interwoven rollups combining an L1 and an interconnected system of customizable appchains.

🔸 Initia is built to fulfill the appchain vision by building an L1 in tandem to an interconnected system of native rollups, a unified multichain product suite, and an economic system that unites these chains.

** INIT token functions **

🔸 INIT is used as gas on the L1 and appchains

🔸 The Initia L1 contains a native DEX which acts as the liquidity hub for the entire Interwoven Economy.

🔸INIT denominated LPs in this DEX are staked with validators to secure the network and boost accessible crosschain liquidity.

🔸Appchains using Initia’s interwoven stack pay settlement fees to the L1.

🔸Initia VIP: Economic framework designed to tighten economic alignment between the L1, L2s, and users.

** Initia Products**

🔸Interwoven Stack

Initia’s Interwoven Rollups support EVM, MoveVM, and WasmVM with 10,000 TPS and 500ms blocks. Built on Cosmos SDK, they offer full-stack customizability

Interwoven enshrine LayerZero & Celestia DA, and come with oracles, native USDC, indexers & more.

🔸Initia L1 and Enshrined Liquidity Consensus

The Initia L1 is the first Cosmos SDK chain utilizing MoveVM and the Move smart contract framework. 

** Initia Product Suit**

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 **

Total Token Supply: 1,000,000,000 INIT 

Max Token Supply: 1,000,000,000 INIT 

Max Token Supply: 1,000,000,000 INIT 

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