#INITIA - $INIT Initia (INIT) is the 68th project featured on Binance Launchpool, offering a modular blockchain platform that integrates a Layer 1 (L1) blockchain with customizable Layer 2 (L2) rollups. This architecture aims to simplify the development of scalable, interconnected, and developer-friendly Web3 applications.  
INIT Token Overview Token Name: Initia (INIT) Total Supply: 1,000,000,000 INIT Initial Circulating Supply: 148,750,000 INIT (14.88% of total supply)
Token Utilities: Gas Token: Used for transaction fees on Initia’s L1 blockchain. •Staking: Secures the network through validator and delegator participation. •Governance: Enables holders to vote on protocol upgrades and policy changes. •Liquidity Provision: Powers the Enshrined Liquidity system for native liquidity pools. •Incentives: Funds developer and user incentive programs like the VIP (Vested Interest Program). •Interoperability: Facilitates cross-rollup and cross-chain interactions within the ecosystem.  
Tokenomics & Funding Total Supply: 1,000,000,000 INIT Token Distribution: Divided across eight major categories, including community incentives, ecosystem development, and team allocations. Funding Raised: Approximately $25 million across several rounds: Pre-Seed: $1 million led by Binance Labs Seed Round: $7.5 million led by Delphi Ventures and Hack VC Series A: $14 million led by Theory Ventures, reaching a $350 million valuation.