$INIT #INIT

## **1. Project Overview**

Initia is a **Layer 1 blockchain** built using the Cosmos SDK, designed to support a network of interconnected rollups (L2s). It aims to simplify the development of application-specific blockchains (appchains) by offering shared security, native interoperability, and tools for customizable rollups. Key features include support for EVM, MoveVM, and WasmVM, enabling high throughput (10,000 TPS) and low latency (500ms block times).

---

### **2. Tokenomics**

- **Total Supply**: 1 billion INIT tokens.

- **Circulating Supply**: 148.75 million INIT (as per CoinMarketCap), though some sources list it as "pending" or unconfirmed.

- **Token Allocation**:

- 25% for staking rewards (Enshrined Liquidity).

- 25% for VIP incentives (user/developer rewards).

- 15% to the team (4-year vesting).