Initia is a Layer-1 (L1) blockchain platform designed to support interconnected Layer-2 (L2) rollups. Its goal is to build a scalable and integrated multi-chain ecosystem. With this architecture, developers can easily launch application-specific blockchains as L2, leveraging features such as native stablecoins and cross-chain bridges.
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š INIT Token Data
Parameter Value
Current Price Around $0.0038 ā $0.0041
Total Supply 1,000,000,000 INIT
24 Hour Volume ~$3,285
Liquidity ~$263,000 ā $328,000
Number of Holders 0 (indicating very low on-chain activity)
Honeypot Status Detected as honeypot by HoneypotCheck.io
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ā ļø Security Risks
Honeypot Detected: Analysis from HoneypotCheck.io shows that the INIT token has honeypot characteristics, where users can buy the token but cannot sell it back. This is a strong indicator of potential fraud.
Unverified Contract Code: The contract source code has not been verified, meaning there is no transparency in the smart contract's functionality.
Contract Ownership: Although contract ownership has been relinquished, there is no clear information regarding the ability to reclaim ownership or modify token balances.