#INitOnBinance The Initia (INIT) cryptocurrency has been listed today, April 24, 2025, on Binance and other major platforms such as Kraken, KuCoin, Gate.io, Crypto.com, and Bitget. This event marks a significant milestone for the project, which aims to revolutionize blockchain interoperability.

🔍 What is Initia (INIT)?

Initia is a modular platform that combines a layer 1 (L1) blockchain with a layer 2 rollup network called Minitias. This architecture allows developers to create customizable and scalable decentralized applications (dApps). The ecosystem is based on the Interwoven Stack, which provides integrated tools for governance, liquidity, and cross-chain bridges.

💰 What is the INIT token used for?

The INIT token has multiple functions within the Initia ecosystem:

• Gas for transactions: It is used to pay fees on the main network and on the Minitias.

• Staking and security: Validators and delegators stake INIT to secure the network and earn rewards.

• Governance: INIT holders can vote on proposals that affect the protocol.

• Integrated liquidity: It drives native liquidity pools in each rollup.

• Incentives: It funds programs for developers and active users.

• Interoperability: It facilitates interactions between different rollups and chains.