#INITLaunch
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
