#INITIA - $INIT
Initia (INIT) is the 68th project featured on Binance Launchpool, offering a modular blockchain platform that integrates a Layer 1 (L1) blockchain with customizable Layer 2 (L2) rollups. This architecture aims to simplify the development of scalable, interconnected, and developer-friendly Web3 applications.  
Token Name: Initia (INIT)
Total Supply: 1,000,000,000 INIT
Initial Circulating Supply: 148,750,000 INIT (14.88% of total supply)
Token Utilities:
Gas Token: Used for transaction fees on Initia’s L1 blockchain.
•Staking: Secures the network through validator and delegator participation.
•Governance: Enables holders to vote on protocol upgrades and policy changes.
•Liquidity Provision: Powers the Enshrined Liquidity system for native liquidity pools.
•Incentives: Funds developer and user incentive programs like the VIP (Vested Interest Program).
•Interoperability: Facilitates cross-rollup and cross-chain interactions within the ecosystem.  
Tokenomics & Funding
Total Supply: 1,000,000,000 INIT
Token Distribution: Divided across eight major categories, including community incentives, ecosystem development, and team allocations.
Funding Raised: Approximately $25 million across several rounds:
Pre-Seed: $1 million led by Binance Labs
Seed Round: $7.5 million led by Delphi Ventures and Hack VC
Series A: $14 million led by Theory Ventures, reaching a $350 million valuation.
