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1. What is the Project?
Initia (INIT) is an advanced blockchain infrastructure project that combines a Layer 1 blockchain (Initia) with Layer 2 blockchains (Minitia).
The project's goal is to build a highly scalable blockchain ecosystem with fast transaction speeds, low costs, and optimal security. Initia employs a dual-layer architecture to unify application chains, reduce fragmentation in the blockchain ecosystem, and provide developer- and user-friendly tools.

The project is designed to integrate with the Inter-Blockchain Communication (IBC) protocol of Cosmos, enabling seamless connectivity between Initia and other blockchains. Backed by Binance Labs and other prominent investors, Initia is gaining significant attention in the global blockchain community.
2. Key Highlights
Initia boasts several unique and standout features:
Dual-layer architecture:Layer 1 (Initia) provides the core infrastructure, security, and shared liquidity for the ecosystem.Layer 2 (Minitia) optimizes transaction speed and throughput, tailored for decentralized applications (dApps).Multi-VM Support: Minitia supports multiple virtual machines, including MoveVM, WasmVM, and EVM, offering developers flexibility in building applications on the platform.OPinit Stack: A development toolkit that enables the creation of customized Layer 2 blockchains on Initia. The OPinit Stack integrates Cosmos SDK with Optimistic Rollup solutions, delivering superior scalability.InitiaDEX: A decentralized exchange (DEX) built on Layer 1, allowing users to provide liquidity with flexible ratios. Users can earn block rewards if the proportion of INIT tokens in their liquidity pool exceeds 50%.IBC Integration: Initia leverages the IBC protocol to connect with other blockchains in the Cosmos ecosystem, enhancing interoperability and scalability.
3. Project Team
Ezaan Mangalji | Co-Founder

Ezaan Mangalji holds a Master’s degree in Computer Science from the University of Pennsylvania, where he later also served as a lecturer. He brings several years of experience as a Software Engineer.

4. Products
Initia offers a diverse ecosystem of products catering to both developers and users:
Initia Layer 1: The core blockchain infrastructure, ensuring security, liquidity, and connectivity with Layer 2 solutions.Minitia (Layer 2): Customizable Layer 2 blockchains optimized for specific applications, supporting multiple virtual machines.OPinit Stack: A development toolkit integrating Cosmos SDK and Optimistic Rollup for building Layer 2 solutions.InitiaDEX: A DEX on Layer 1, supporting trading and liquidity provision with attractive reward mechanisms.Initia App: A web application allowing users to interact with the ecosystem (staking, voting, and liquidity management).Initia Wallet: The official wallet for storing, managing assets, and connecting to Initia’s features.Initia Usernames: A blockchain-based username system to simplify the use of complex wallet addresses.
5. Fundraising
Initia Raised a Total of $24M Across 4 Funding Rounds
Initia has successfully raised a total of $24 million through four funding rounds — a moderate figure among blockchain infrastructure projects. What stands out is the participation of two leading venture funds: Binance Labs and Delphi Ventures.
Breakdown of Funding Rounds:
🔹 October 12, 2023 — Pre-Seed Round:

Received a $1 million investment from Binance Labs.
🔹 February 27, 2024 — Seed Round:

Raised $7.5 million, co-led by Delphi Ventures and Hack VC. Other participants included Nascent, Big Brain Holding, Figment Capital, and angel investors such as Nick White (Celestia), crypto influencers DCF GOD and Cobie.
🔹 September 25, 2024 — Series A:

Raised $14 million at a $350 million valuation, led by Theory VC, with continued support from Delphi Ventures, Hack VC, and notable angel investors.
🔹 September 28, 2024 — Community Round:

Through The Economist’s community round, raised $2.5 million from 812 participants.

The diverse investor base and backing from top-tier funds highlight the strong belief in Initia's vision and potential in the modular blockchain ecosystem.
6. Ecosystem

7. Backers
The Initia project is supported by leading investment organizations, with the most notable being:
Binance Labs: The largest blockchain investment fund globally, part of the Binance ecosystem, known for supporting innovative technology projects.
Details about other backers have not been fully disclosed in the referenced materials, but Binance Labs’ involvement is a significant endorsement of Initia’s credibility and potential.
8. Binance Launchpool
Initia (INIT) is the 68th project to be listed on Binance Launchpool. Users can stake BNB and FDUSD to farm INIT tokens over a specified period. This event not only facilitates token distribution to the community but also boosts Initia’s brand recognition and market liquidity.
INIT Launchpool Details:
Token Name: Initia (INIT) Total Token Supply: 1,000,000,000 INIT Max Token Supply: 1,000,000,000 INIT Launchpool Token Rewards: 30,000,000 INIT (3% of total token supply)An additional 10,000,000 INIT will be allocated to the other marketing campaigns (in batches) after spot listing. Details will be shown in a separate announcement. An additional 20,000,000 INIT will be allocated to the other marketing campaigns (in batches) 6 months after spot listing. Details will be shown in a separate announcement. Initial Circulating Supply When Listed on Binance: 148,750,000 INIT (~14.88% of total token supply)
Smart Contract/ Network Details: Initia Main Explorer (will be available at public launch)Read about Initia (INIT) in our research report here
Hourly Hard Cap per User: 17,708.33 INIT in BNB pool1,041.66 INIT in FDUSD pool2,088.33 INIT in USDC pool
Supported Pools: 
Lock BNB : 25,500,000 INIT in rewards (85%) Lock FDUSD : 1,500,000 INIT in rewards (5%)Lock USDC : 3,000,000 INIT in rewards (10%)Farming Period: 2025-04-18 00:00 (UTC) to 2025-04-23 23:59 (UTC)

9. Roadmap
A detailed roadmap for Initia has not been fully published on the official website or referenced materials. However, based on the project’s current progress, key milestones can be anticipated:
Testnet Phase: Initia has successfully deployed its testnet, allowing the community to test and provide feedback.Mainnet Launch: Expected in the near future, following the completion of core features.Ecosystem Expansion: Development of additional Layer 2 solutions (Minitia), integration of new applications, and strengthening of partnerships.
The Initia team is expected to release an official roadmap after achieving significant upcoming milestones.
Conclusion
Initia (INIT) is a highly promising blockchain project with a unique dual-layer architecture, strong backing from Binance Labs, and a vision to reduce ecosystem fragmentation.
While some details (e.g., team, tokenomics, roadmap) remain undisclosed, Initia has already demonstrated its appeal through successful fundraising and its Binance Launchpool listing. This is a project worth keeping an eye on in the coming months.
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