$INIT (Initia)

#Initia is a layer 1 Blockchain using move technology like Aptos and Sui and aims to solve the complexities of a blockchain ecosystem pass through modular framework.

#Initia is layer 1 In the Initia blockchain, and network security, network consensus, governance, liquidity, and cross-chain messaging all run on Initia.

At Layer 2, there are Minitias, which are rollup protocols that can be customized to fit everything that builts on Initia. Minitias can be used with a variety of virtual machines, such as EVM (Ethereum Virtual Machine), WasmVM (Web Assembly Virtual Machine), and MoveVM (Move Virtual Machine), which will help developers avoid the problems caused by different VMs.

$INIT is the native token of the Initia blockchain and can be used for gas fees, staking rewards, and governance, as is the case with native tokens.

In addition, INIT tokens will be used to provide incentives for projects built on Initia, as well as to reward users, developers, and layer 2 projects on the network, such as the VIP (Vested Interest Program).

$INIT could become a new blockchain to compete with Aptos and Sui, and since the circulating supply is not large at the beginning, it is a project that will be interesting to see how the market will perform.

Total Supply ~ 1B INIT

Circulating Supply ~ 148.75 M INIT