The INI token is a crucial component of the InitVerse ecosystem, serving multiple purposes.
*INI Token Utility:
- *Transaction Fees INI tokens are used to pay for transaction fees on the InitVerse platform.
- *Staking*: Users can stake INI tokens to participate in network security and earn rewards, with some pools offering up to 50% APR.
- *Governance*: INI token holders have governance rights, allowing them to participate in decision-making processes.
- *Liquidity Mining*: INI tokens are used for liquidity mining, providing incentives for users to contribute to the platform's liquidity.
- *Smart Contract Interactions*: INI tokens facilitate interactions with smart contracts on the InitVerse platform
*INI Token Value:*
- The current price of INI is approximately $0.0285944.
- However, please note that cryptocurrency prices can be highly volatile and may fluctuate rapidly.
*INI Token Generation:*
- *Proof-of-Work (PoW) Mechanism*: INI tokens are generated through a PoW mechanism, where miners contribute computing power to secure the network and validate transactions.
- *Block Production The total supply of INI tokens is capped at 6 billion, with all tokens expected to be mined within approximately 40 years.
- *Mining Distribution 90% of the total token supply (5.4 billion INI) is allocated to miners, incentivizing them to secure the network
