$INIT is the native token used for transaction fees, staking, and governance within the Initia ecosystem.

The total supply of INIT is capped at 1 billion tokens.

Tokens are allocated across various categories, including the foundation, protocol developers, investors, community rewards (including airdrops), and exchange launch activities.

Initia has raised approximately $24 - $25 million through several funding rounds.

Key investors include #Binance Labs, Delphi Ventures, and Hack VC, indicating strong institutional backing.
Initia presents an interesting approach to blockchain scalability and interoperability with its "Interwoven Stack." The successful TGE and listing on major exchanges indicate strong initial interest. However, as a new project, it's crucial for potential investors to conduct thorough research into its technology, team, tokenomics, and roadmap, and to be aware of the inherent risks associated with investing in new #cryptocurrencies .