INI Token and Generation
The INI token powers the InitVerse ecosystem, facilitating gas fees for blockchain transactions, smart contract deployments, and interactions. It’s used for service payments, including subscriptions, premium functions, and app deployment, as well as purchasing InitVerse merchandise. INI tokens enable ecosystem application interactions, staking for liquidity provider fees, and collateral for token loans. Governance rights are granted through staking, allowing voting on ecosystem development. For cross-chain interoperability and third-party integrations, INI tokens are generated via INIChain’s Proof-of-Resource mechanism, ensuring efficient distribution.