Coin overview
INIT
In progress0.760+2.7%
Last price (USDT)
113.67K
24h total (USDT)
905.14K
Total vol (USDT)
2025-04-17 14:00:00 ~ Pending
Trading time (UTC+0)
Pending
Delivery time (UTC+0)
Total supply1.00B
Resources
Introduction
Initia is a network for interwoven rollups — we are holistically rebuilding a new multi-chain world across the architecture, product, and economic stacks using the Initia L1 and an interwoven system of L2s. Initia has the advantage of seeing the faults of many existing multi-chain systems like Cosmos and rollups on Ethereum. Initia builds a L1 in tandem to a system of interconnected L2s, creating a system that is designed for a rollup centric future.
Research Report | Initia Project Details & INIT Market Cap Analysis
1. Project Introduction Initia is a full-chain Rollup network that achieves native interoperability of multi-chain ecosystems through its independently developed Layer1 + Rollup framework. The platform is built on Cosmos SDK and supports three major virtual machines: EVM, MoveVM, and WASM. It is one of the few infrastructures that genuinely caters to both Ethereum-based and non-Ethereum-based developers. The project uses the underlying public chain (Initia L1) as a unified liquidity and consensus hub and builds application-level Rollups (Minitia) and an Optimistic framework (OPInit Stack) on it. Developers can directly deploy customized chains, enjoying services such as shared consensus, native interoperability, and unified incentives, bypassing the cumbersome deployment process and shifting focus from "chain development" to "product innovation." In terms of economic model, Initia introduces an innovative mechanism called Enshrined Liquidity, which deeply binds liquidity with consensus security, allowing users to stake LP assets for governance rights and ecosystem benefits. Additionally, the VIP (Vested Interest Program) mechanism bridges the value distribution logic between Rollups and users/developers, ensuring that every active contribution receives a reward. Unlike traditional public chains that emphasize “encouraging migration” as a core path, Initia places more emphasis on “native building” and “ecological integration.” It constructs a complete development support system through built-in wallet services, oracles, block explorers, and unified identity systems. Each Minitia is not just an AppChain but a one-stop, ready-to-use application issuing platform. As of now, Initia has completed three rounds of financing, accumulating $25 million, with investors including top-tier institutions like Binance Labs, Hack VC, Delphi Digital, and Theory Ventures. The ecosystem spans DeFi, AI, GameFi, and other directions, indicating a rich potential for imminent outbreak. 2. Project Highlights 1. Building an Integrated Architecture to Facilitate System Coordination between Layer1 and Rollup Initia innovatively integrates its independently developed Layer1 main chain (Initia L1) with the native Rollup framework (OPInit Stack), forming a modular blockchain infrastructure with secure consensus, liquidity hub, cross-chain communication, and unified governance capabilities. The platform enables native coordination between Layer1 and multiple Rollups at the technology stack and governance mechanism levels, providing applications with a complete combinable environment. It is currently one of the few projects in modular public chains with system closed-loop capabilities. 2. Native Support for Three Virtual Machines, Targeting Multi-Ecosystem Developer Groups Initia supports EVM, MoveVM, and WASM, which are compatible with Ethereum and Move ecosystems and can serve developers from multiple languages (e.g., C, Rust), minimizing migration costs to the greatest extent. With its independently developed Interwoven Stack toolchain, Rollup projects can be “used out of the box,” allowing for flexible customization, rapid deployment, and breaking down development barriers between multi-chain ecosystems. 3. Liquidity Drives Consensus, Deeply Binding Incentive Mechanisms and Security Modules The core module, Enshrined Liquidity, allows users to stake LP Tokens (provided by InitiaDEX) to validators to participate in consensus, breaking the traditional paradigm where assets only serve transactions, and achieving a new mechanism where “liquidity equals governance rights.” This design enhances main chain security, increases asset value transfer efficiency at the application layer, and strengthens the economic connection between L1 and Rollup. 4. Native Incentive Mechanism VIP, Promoting Joint Ecosystem Construction by Users and Developers Initia launched the Vested Interest Program (VIP), offering ecosystem incentives finely divided based on on-chain behavior data, user activity, and Rollup operation contributions, ensuring that value flows directly to end-users and builders, replacing the inefficient transformation model of traditional grants. This mechanism not only guarantees developer enthusiasm but also stimulates long-term user interaction desire, serving as a key driving module for sustainable ecosystem growth. 3. Market Cap Expectations Initia is a modular blockchain platform that integrates Layer1 main chain and native Rollup Stack, aiming to build a unified communication layer for “universal chain interoperability” with strong architectural depth and cross-chain integration capabilities. In terms of positioning, Initia is comparable in technology path and market space to projects like Movement (modular + Move), ZetaChain (full-chain smart contracts), and Avail (DA layer + modular infrastructure), all representing projects in the new track of “modular blockchain.” Currently, Initia's token INIT has a total supply of 1 billion, with its launch price and market cap yet to be disclosed. We can refer to the fully diluted valuation (FDV) range of the aforementioned similar projects to assist in judging the potential valuation anchor and potential space for INIT post-launch. 4. Economic Model The total supply of Initia's native token INIT is fixed at 1 billion, with 5% allocated to airdrops. Token Allocation Airdrop 5% The airdrop will reward testnet users, ecosystem advocates, and early supporters. These tokens will be released all at once at the mainnet launch (TGE) with a 30-day window for eligible recipients to claim them. Foundation 7.75% Held by the Initia Foundation for purposes like liquidity guidance, validator delegation, ecosystem incentives, and strategic cooperation. This portion will be deployed in stages to support the platform's long-term ecological construction. Protocol Developers (Team) 15% Allocated to team members and contributors, with a 12-month lock-up and a 36-month linear release mechanism (4 years in total). Protocol Sales (Investors) 15.25% Involves investors from three funding rounds, with all tokens set with the same 4-year lock-up and unlocking mechanism as developers, maintaining long-term synergy between the team and investors. Enshrined Liquidity and Staking Rewards 25% Used to support Initia's native staking model (Enshrined Liquidity), rewarding liquidity providers and validation nodes, with a release rate of 5% per year, released linearly by block. VIP Rewards Program 25% Initia's core incentive module for distribution to end-users participating in Rollup construction, active user behavior, and ecosystem contributions, with an initial release rate of 7% per year, to be fulfilled continuously based on KPI achievement or zap mode. CEX Launch Activities 6% Specifically for initial CEX liquidity guidance, mainly for arrangements related to the CEX Launch Campaign. Echo.xyz Community Sale 1% Allocated to Echo.xyz community sale participants, with four releases unlocking 25% each at the 12th, 15th, 18th, and 24th months after the mainnet launch. Token Utility 1. Used to pay transaction fees in the Initia network's L1 and L2, serving as the universal fuel asset within the ecosystem. 2. Can be staked to participate in the consensus mechanism, supporting network security, and enhancing staking efficiency by combining with a liquidity staking model. 3. Holders have on-chain governance rights, including protocol parameter adjustments, liquidity whitelist reviews, treasury usage, and ecosystem allocation decisions. 4. Acts as a bridging medium between Rollups within the ecosystem, supporting efficient asset circulation and state communication. 5. Core asset of InitiaDEX can be used to create liquidity pools, earning trading fees and additional protocol rewards. 5. Team & Financing Team Information: Initia was founded by Stanford Liu, the former head of research at Terraform Labs, along with co-founder Ishan "Zon" Mangolji and Ecosystem Head OmniscientAsian (formerly of New Tribe Capital). The team is focused on building simple, highly coordinated modular blockchain infrastructure, aiming to eliminate complexity and fragmentation issues faced by developers and users. Financing Information: Since 2023, Initia has received support from well-known institutions like Binance Labs, Delphi Digital, and Hack VC, accumulating $24 million in funding. The latest Series A financing round was completed in September 2024, with a valuation of $350 million, reflecting market recognition of its modular architecture and strong execution team. 6. Potential Risk Warning 1. Although the Initia mainnet is officially launched with a complete Layer1 + native Rollup framework, the current Minitia (application chain) ecosystem is still in its early stages. If the expansion speed of high-quality native applications does not meet expectations or if cross-Rollup liquidity and user growth are slow, there may be short-term impacts on network activity and intrinsic demand for INIT tokens. 7. Official Links Website: https://initia.xyz/ Twitter: https://x.com/initia Discord: https://discord.com/invite/initia
[Initial Listing] Bitget Will List Initia (INIT). Come and grab a share of 412,000 INIT!
We are thrilled to announce that Initia (INIT) will be listed in the Public Chain, Innovation and Web3 Zone. Check out the details below: Deposit Available: Opened Trading Available: 24 April 2025, 11:00 (UTC) Withdrawal Available: 25 April 2025, 12:00 (UTC) Spot Trading Link: INIT/USDT Activity 1: PoolX — Lock INIT to share 126,000 INIT Locking period: 24 April 2025, 11:00 – 1 May 2025, 11:00 (UTC) Lock Now Locking pool: Total INIT Campaign Pool 126,000 INIT Maximum INIT locking limit 714,300 INIT Minimum INIT locking limit 10 INIT INIT pool airdrop per user = user's locked INIT ÷ total locked INIT of all eligible participants × corresponding pool. Activity 2: CandyBomb – Deposit or trade to share 286,000 INIT Promotion period: 24 April 2025, 11:00 – 1 May 2025, 11:00 (UTC) CandyBomb Promotion details: Total INIT Campaign Pool 286,000 INIT INIT net deposit campaign pool*new users only 201,000 INIT Futures trading pool*new futures user only 85,000 INIT Note: Rewards will be distributed within 7 business days after the end of the campaign. Activity 3: Enjoy 8～11% APR with the INIT On-chain Earn product Launch time: April 24, 12:00 (UTC) Join now Product details: Coin Product type Term APR Minimum single order amount Maximum single order amount INIT On-chain Earn Flexible 8～11% 1 INIT Unlimited Product rules: Interest accrual time: D+1 16:00 (UTC). Interest distribution time: D+2 16:00 (UTC). Redemption: Standard redemption: T+21 day. Express redemption: Instant, with a 10% fee on profits. No transaction fee will be charged if the user chooses Express Redemption before interest accrual starts. Introduction Initia is a network for interwoven rollups — we are holistically rebuilding a new multi-chain world across the architecture, product, and economic stacks using the Initia L1 and an interwoven system of L2s. Initia has the advantage of seeing the faults of many existing multi-chain systems like Cosmos and rollups on Ethereum. Initia builds a L1 in tandem to a system of interconnected L2s, creating a system that is designed for a rollup centric future. Contract Address: https://scan.initia.xyz/interwoven-1 (will be available at public launch) Website | X | Discord How to Buy INIT on Bitget Fee Schedule Price Market Data 7-Days Limited-time Buy Crypto Offer: Buy INIT with your credit/debit cards at 0% fee with 140+ Currencies, EUR, GBP, AUD, TWD, UZS, UAH, TRY, THB, BRL, PLN, IDR, PHP and CAD etc. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Top Crypto Stories This Week: Solana Conference, Texas Bitcoin Hearing & Initia Mainnet
The crypto market is set for a major test as four key events, including the Solana Community Conference, grab headlines this week. Injective’s Lyora mainnet upgrade is also expected to occur on April 22, as market participants anticipate an impact on the price. The crypto market began the week with a total valuation of $2.75 trillion. According to our analysts, the broad market cap could rise to $3 trillion as a series of bullish events lines up in the next seven days. Solana Community Conference This year’s Solana Crossroads Community Conference will occur in Istanbul, Turkey, over a period of two days – April 25 and 26. According to the announcement , it would witness the gathering of renowned developers, innovators, and investors. Fascinatingly, this could impact the trajectory of the crypto market as crucial updates, including project launches, technological advancements, and partnerships, are expected to be announced. In the previous event, Solana unveiled its flagship technological projects – “the Solana Seeker phone” and the “Firedancer Validator Client,” which ended up pushing the SOL price up the curve by a wider margin. This week would not be any different as analysts issue caution on a short-term price spike. Meanwhile, users have been asked to look out for possible outages that could nullify enthusiasm. At press time, SOL was trading at $140 after surging by 4% in the last 24 hours. According to our recent analysis , SOL could hit $2000 this year. Lyora Mainnet Upgrade by Injective (INJ) On April 22, Injective would execute its much-anticipated Lyora mainnet upgrade to subject the network to enhanced performance while improving the speed of transactions. According to analysts, this would position the network ahead of competitors and attract a high number of developers and users for its trading platform. Amidst the backdrop of this, institutional giant Republic Crypto has recently joined the network as an official validator, as highlighted in our previous article. In the short term, Injective’s native token, INJ, could see a sharp upsurge. Even before the upgrade, the asset has recorded an impressive surge of 8.4% in the last 24 hours and 10.5% in the last seven days, trading at $8.9 at press time. Texas Bitcoin Reserve Hearing The Texas Bitcoin Reserve hearing is scheduled to occur on April 23. As detailed in our last news piece, this was filed four months ago. Fascinating, the Senate has approved it pending official implementation. According to analysts, the upcoming hearing is expected to provide a detailed and clear approach to institutional adoption, which could also impact the short-term price of Bitcoin. Most importantly, it could set a precedent for other states and make the asset an integral part of the financial system of the US. Prior to this event, Bitcoin has surged by 3.5% in the last 24 hours and 3.3% in the last seven days to trade at $87.6k. Initia’s Mainnet Launch Initia’s Mainnet and official token, INIT, would debut on April 24. Analysts believe that this development could rekindle enthusiasm among Decentralized Finance (DeFi) stakeholders. Meanwhile, all eyes are set on the debut price of the official token as experts hint at speculative trading leading to high volatility. Recommended for you: Solana Wallet Tutorial Check 24-hour Solana Price More Solana News
Initia Tokenomics: Total Supply of 1 Billion INIT, 5% Allocated for Airdrop
On April 21, Initia released its token economic model. The total supply of its native token, INIT, is fixed at 1 billion. Of this, 7.75% is allocated to the foundation, 15% to protocol developers, 15.25% to investors, 25% to the Vested Interest Program (VIP) rewards program, 6% to Binance listing marketing, 5% to airdrops, and 1% to Echo platform sales.
Initia Token Economics: Total INIT 1 billion, 5% allocated to airdrops
On April 21st, Initia released the token economic model. The total supply of the native token INIT is fixed at 1 billion, with 7.75% allocated to the foundation, 15% allocated to protocol developers, 15.25% allocated to investors, 25% allocated to the Vested Interest Program (VIP) reward program, 6% allocated to Binance listing marketing, 5% allocated to airdrops, and 1% allocated to Echo platform sales.
Exciting News: Initia Mainnet Revolution Launching April 24th
Get ready for a thrilling development in the crypto world! The highly anticipated Layer-1 network, Initia (INIT), has officially announced its mainnet launch date. Mark your calendars for April 24th, as Initia prepares to unleash its innovative blockchain upon the digital landscape. This news has sent ripples of excitement through the crypto community, especially considering Initia’s prior announcement as Binance Exchange’s 68th Launchpool project. Are you ready to dive into what this revolutionary launch means for the future of blockchain technology and the wider crypto ecosystem? Let’s explore! Unveiling Initia: A Deep Dive into the Layer-1 Network Before we get into the specifics of the mainnet launch, let’s understand what Initia is all about. In the simplest terms, Initia is a Layer-1 network. But what does that actually mean? Think of the internet as having different layers. Layer-1 blockchains are the foundational layer, the base infrastructure upon which everything else is built. Bitcoin and Ethereum are prime examples of established Layer-1 networks. Initia aims to join this elite group by offering a fresh approach to blockchain technology. Here’s a breakdown of why Layer-1 networks like Initia are so crucial: Foundation for Innovation: Layer-1 networks provide the fundamental infrastructure for decentralized applications (dApps), smart contracts, and the entire decentralized ecosystem. Without robust Layer-1s, the crypto space cannot flourish. Scalability and Efficiency: Modern Layer-1 networks are constantly striving for improved scalability and efficiency to handle the growing demands of decentralized applications and user traffic. Initia likely focuses on these aspects to offer a superior experience. Security and Decentralization: A strong Layer-1 network prioritizes security and decentralization, ensuring the integrity and trustworthiness of the entire ecosystem built upon it. Initia, being a new entrant in the Layer-1 arena, likely brings its own unique features and improvements to the table. While specific details about Initia’s technology require deeper investigation into their whitepaper and documentation, the core concept of a Layer-1 network remains central to understanding its significance. Why is the Initia Mainnet Launch on April 24th a Game Changer? The announcement of the Initia mainnet launch on April 24th is not just another date on the crypto calendar; it’s a significant milestone. Launching a mainnet is akin to a construction project finally opening its doors to the public. After extensive development, testing on testnets, and community feedback, Initia is ready to operate in a live, production environment. This transition from a development phase to a live network is crucial for several reasons: Real-World Functionality: The mainnet launch signifies that Initia is no longer just a concept or a project in development. It becomes a functional, operational blockchain capable of processing transactions, supporting dApps, and facilitating real-world use cases. Token Utility and Ecosystem Growth: For projects with native tokens like INIT, the mainnet launch often unlocks the full utility of the token. It can be used for transaction fees, staking, governance, and accessing various services within the Initia ecosystem. This launch is a catalyst for ecosystem growth. Increased Credibility and Adoption: A successful mainnet launch boosts the project’s credibility and attracts more users, developers, and investors. It signals maturity and readiness for wider adoption. Decentralization in Action: Mainnet often implies a move towards greater decentralization, as the network transitions from controlled testing environments to a more open and distributed network of validators and nodes. In essence, the crypto launch of Initia’s mainnet is the moment the project truly comes to life and begins its journey to fulfill its vision and potential. Binance Launchpool and INIT Token: A Powerful Combination The connection between Initia and Binance Launchpool adds another layer of excitement to this launch. Being selected as Binance’s 68th Launchpool project is a significant endorsement and provides Initia with a massive platform to reach a global audience. Let’s understand why this partnership is so impactful: Exposure to Binance’s User Base: Binance is the world’s leading cryptocurrency exchange. Being on Launchpool exposes Initia to millions of potential users and investors within the Binance ecosystem. Token Distribution and Accessibility: Launchpool provides a mechanism for distributing INIT tokens to Binance users who stake BNB and other supported cryptocurrencies. This creates a fair and accessible way for the community to acquire INIT tokens. Increased Liquidity and Trading: Following a Launchpool campaign, tokens are typically listed on the Binance exchange. This listing provides significant liquidity for the INIT token and makes it easily tradable for a vast number of users. Community Engagement and Awareness: Binance Launchpool campaigns generate considerable buzz and awareness around the project. It helps build a strong community and attracts attention from crypto enthusiasts worldwide. The INIT token, as the native token of the Initia network, will play a crucial role in the ecosystem. Its distribution through Binance Launchpool ensures a wide reach and sets the stage for its utility within the network post-mainnet launch. What to Expect After the Initia Mainnet Launch? With the Initia mainnet launch date set for April 24th, the crypto community is eager to see what happens next. Here are some key aspects to watch out for in the post-launch phase: Ecosystem Development: The success of Initia will heavily rely on the growth of its ecosystem. Expect to see increased activity in terms of dApp development, partnerships, and integrations within the Initia network. Token Utility and Adoption: Monitor how the INIT token is utilized within the ecosystem. Increased use cases, staking opportunities, and governance participation will be positive indicators of adoption. Network Performance and Stability: The initial period after the mainnet launch will be crucial for assessing the network’s performance, stability, and scalability under real-world conditions. Community Growth and Engagement: A thriving community is essential for any blockchain project. Keep an eye on community growth, social media engagement, and developer activity around Initia. Potential Exchange Listings: While Binance listing is already confirmed via Launchpool, further listings on other reputable exchanges could enhance accessibility and liquidity for INIT. The journey for Initia is just beginning with the mainnet launch. The real test lies in its ability to foster a vibrant ecosystem, attract users and developers, and deliver on its promises of innovation and efficiency within the Layer-1 space. Navigating the Layer-1 Landscape: Opportunities and Challenges The Layer-1 network space is becoming increasingly competitive. While Initia’s launch is exciting, it’s important to acknowledge both the opportunities and challenges that lie ahead: Opportunities: Demand for Scalable Solutions: The crypto world desperately needs scalable blockchain solutions to handle mass adoption. Initia, if successful in delivering scalability, can tap into this huge demand. Growing DeFi and Web3 Ecosystem: The Decentralized Finance (DeFi) and Web3 spaces are rapidly expanding. A robust Layer-1 network like Initia can provide the infrastructure for these ecosystems to thrive. Innovation in Blockchain Technology: New Layer-1 networks have the opportunity to incorporate the latest advancements in blockchain technology, potentially offering improvements over existing networks. Challenges: Competition from Established Players: Initia will be competing with well-established Layer-1 networks like Ethereum, Solana, and others that have significant network effects and developer communities. Security and Reliability: Ensuring robust security and reliability is paramount for any Layer-1 network. Initia will need to prove its resilience against attacks and vulnerabilities. Adoption Hurdles: Attracting developers and users to a new Layer-1 network can be challenging. Building a strong ecosystem from scratch requires significant effort and strategic partnerships. Regulatory Scrutiny: The crypto space is facing increasing regulatory scrutiny. Initia, like all crypto projects, will need to navigate the evolving regulatory landscape. Despite these challenges, the launch of Initia represents a promising step forward in the evolution of blockchain technology. Its success will depend on its ability to address these challenges and capitalize on the opportunities within the dynamic crypto market. Conclusion: Embracing the Initia Revolution The crypto launch of Initia’s mainnet on April 24th is undoubtedly a moment to watch closely. As a new Layer-1 network backed by the power of Binance Launchpool, Initia has the potential to make a significant impact on the blockchain landscape. The INIT token and the entire Initia ecosystem are poised for growth and development in the coming months. While challenges exist in the competitive Layer-1 space, the promise of innovation, scalability, and a fresh approach makes Initia a project worth paying attention to. Keep April 24th marked on your calendar and prepare to witness the dawn of the Initia era! To learn more about the latest crypto market trends, explore our article on key developments shaping crypto price action. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Summary of Important Events on the Evening of April 17
12:00-21:00 Keywords: Initia, Melania team, JPMorgan, a16z 1. Trump: Powell's actions are too slow, and firing him can't be too fast 2. The Melania team has sold 13 million MELANIA in the past month 3. The European Central Bank lowered its three key interest rates by 25 basis points, in line with market expectations 4. JPMorgan: Bitcoin has not benefited from safe-haven funds that boosted gold prices 5. a16z calls for the US SEC to update the cryptocurrency custody rules for registered investment advisors 6. The US Department of Justice will reassess the method of returning assets to victims in cryptocurrency crime cases
Bitget pre-market trading: Initia (INIT) is set to launch soon
We're thrilled to announce that Bitget will launch Initia (INIT) in pre-market trading. Users can trade INIT in advance, before it becomes available for spot trading. Details are as follows: Start time: 17 April 2025, 14:00 (UTC) End time: 24 April 2025, 10:30 (UTC) Spot Trading time: 24 April 2025, 11:00 (UTC) Delivery Start time: 24 April 2025, 12:00 (UTC) Delivery End time: 24 April 2025, 16:00 (UTC) Pre-market trading link: INIT/USDT Bitget Pre-Market Introduction Delivery method: Coin settlement, USDT settlement Coin settlement Starting from the project's delivery start time, the system will periodically execute multiple deliveries for orders under the Coin Settlement mode. Sell orders with sufficient spot balances will be filled with corresponding buy orders. If there are insufficient project tokens or if sellers voluntarily choose to default, compensation with security deposits will not be triggered immediately. At the project's delivery end time, the system will either deliver or compensate any remaining undelivered orders. USDT settlement For orders under the USDT Settlement mode, all delivery will be executed at the delivery end time of the project. The delivery time for the pre-market project will be announced once the coin's spot listing time is confirmed. Stay tuned to relevant notifications and announcements for the latest information. Example: The user buys 10 tokens at 10 USDT (the filled order is called Order A) and sells 10 tokens at 15 USDT (the filled order is called Order B). At delivery time, the system calculates the delivery execution price based on the average index price from the last ten minute. Assuming the execution price is 5 USDT, the calculations are as follows: PnL of Order A = (5 – 10) × 10 = –50 USDT PnL of Order B = (15 – 5) × 10 = 100 USDT The total PnL for the user in pre-market trading is 50 USDT. For USDT settlement, orders are settled at the average index price from the last ten minutes as the delivery execution price, determined by a weighted average of prices at leading exchanges to ensure fairness and transparency. Introduction Initia is a network for interwoven rollups — we are holistically rebuilding a new multi-chain world across the architecture, product, and economic stacks using the Initia L1 and an interwoven system of L2s. Initia has the advantage of seeing the faults of many existing multi-chain systems like Cosmos and rollups on Ethereum. Initia builds a L1 in tandem to a system of interconnected L2s, creating a system that is designed for a rollup centric future. INIT Total supply: 1,000,000,000 Website | X | Discord FAQ What is pre-market trading? Bitget pre-market trade is an over-the-counter trading platform specializing in providing a pre-traded marketplace for new coins before their official listing. It facilitates peer-to-peer trading between buyers and sellers, enabling them to acquire coins at optimal prices, secure liquidity in advance, and complete delivery at a mutually agreed upon time. What are the advantages of Bitget pre-market trading? Investors often have expectations regarding the price of a new coin before spot trading becomes available. However, they may be unable to purchase the coin at their preferred price and secure liquidity in advance due to lack of access. In response to this, Bitget pre-market trading offers an over-the-counter (OTC) platform where buyers and sellers can establish orders in advance to execute trades as desired and complete delivery later. In this scenario, sellers are not required to own any new coins; instead, they only need to obtain sufficient new coins for delivery before the designated delivery time. How are pre-market trades deliveries completed? Coin Settlement orders: Sellers can choose to either deliver the tokens or compensate with security deposit before the delivery execution. Starting from the project's delivery start time, the system will periodically execute multiple deliveries for orders under the Coin Settlement mode. Sell orders with sufficient coin balances will be filled with the corresponding buy orders. If there are insufficient project tokens or if sellers voluntarily choose to default, compensation with security deposits will not be trigger immediately.At the delivery end time of the project, the system will settle all remaining orders, either through buy delivery or compensation. If there is a sufficient balance, the corresponding quantity of tokens will be transferred to the buyer's spot account, and the buyer's frozen funds will be transferred to the seller's spot account as payment. Otherwise, the transaction will be canceled. In this case, the system will unfreeze the buyer's funds and compensate the buyer with the seller's frozen security deposit. USDT Settlement orders: All deliveries will be executed at the project's delivery end time. Orders are settled at the average index price over the last ten minutes, which serves as the delivery execution price. Profits and losses are calculated based on the difference between the execution price and the delivery execution price. The losing party will pay the difference to the winning party. Note: 1) The system will execute deliveries in chronological order based on the transaction time of the orders. If you have both buy and sell orders in Coin Settlement mode, the quantities cannot offset each other. Please ensure that your spot account has a sufficient available balance for the sell orders at the time of delivery. Orders with insufficient balance will be treated as the seller's default. 2) For coin settlement orders, only tokens available in your spot account will be used for delivery. Tokens frozen in pending orders or held in other accounts will not be used for delivery. 3) The delivery is expected to be completed within one hour. To mitigate the risk of delivery failure due to insufficient funds, the seller of coin settlement orders should refrain from any transactions involving the delivery currency within 30 minutes after the delivery initiation. How can I make a pre-market trade as a seller? As a seller, you are required to use the USDT in your spot account to pay the margin. You can list your new tokens on the order market at your preferred price via Post Order, or you can find a suitable buy order on the order market and sell it to the buyer at the buyer's asking price. Once the order is filled, you just need to wait for the delivery. How can I make a pre-market trade as a buyer? As a buyer, you are required to use USDT from your spot account to pay for the trade. Using the Place Order function, set the quantity of coins you want to buy at your preferred price and list the maker order in the order market. Bitget will then lock the funds for the purchase and handle any related fees. Alternatively, you can directly select a sell order from the marketplace and buy the coins at the seller's designated price. Once the order is filled, simply await delivery. Do I have to fill the entire maker sell/buy order at once in pre-market trading? No, the platform allows you to trade any quantity of coins as long as it meets the minimum transaction limit. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Initia Mainnet Launch on April 24
According to ChainCatcher, L1 blockchain Initia has announced it will launch its mainnet on April 24.
Initia will adopt ether.fi's weETH as the main yield-generating ETH token in Initia's interwoven economy
According to official news, Initia has announced a partnership with ether.fi and will adopt weETH as the main yield-generating ETH token in its Interwoven Economy ecosystem. It is reported that several full-stack applications including Echelon, MilkyWay, Inertia and RAVE will be the first to integrate weETH. When users use these applications, they can not only receive Initia VIP rewards but also accumulate ETHFI loyalty points.
MilkyWay: The first 2000 milkTIA holders will receive an Initia airdrop
Celestia Liquidity Pledge Agreement MilkyWay announced that the first 2000 milkTIA holders will be eligible for Initia airdrops, and airdrop inquiries have been opened.
Initia Announces 50 Million INIT Token Airdrop: What You Need To Know
Layer-1 (L1) blockchain platform Initia unveiled plans to distribute 50 million INIT tokens as part of its upcoming crypto airdrop. This allocation represents approximately 5% of its total supply. The tokens will go toward rewarding early supporters, including testnet participants, ecosystem partners, and social contributors. Everything You Need To Know About Initia Crypto Airdrop The majority of the airdrop, approximately 89.46% (44.7 million INIT tokens), is earmarked for 194,294 users actively engaged in Initia’s part one and two testnets in 2024. These participants played a crucial role in testing and refining the network’s infrastructure, ensuring its readiness for the upcoming mainnet launch. “After years of building towards blockchain’s inevitable app chain future, testing thoroughly, and cultivating an economy of full-stack apps, Initia is ready to take the final march into the mainnet,” read an excerpt from the announcement. Eligible users can verify their airdrop status, with claims available for 30 days following the main net’s debut. Beyond testnet users, Initia is also allocating 4.5% of the crypto airdrop (2.25 million INIT tokens) to active participants within its partner networks—LayerZero, IBC, and MilkyWay. This allocation targets users with significant transaction histories, reinforcing Initia’s dedication to integrating with complementary blockchain ecosystems. Initia Foundation also recognizes social contributors. Based on this, it dedicates 6% of the airdrop (3 million INIT tokens) to individuals meaningfully engaged with Initia’s community platforms, such as Discord, Telegram, and X (formerly Twitter). This includes roles like Militia Captain, OG, and Initiate of the Week, highlighting the project’s appreciation for community-driven growth. “The allocation is additive, meaning that a user with multiple roles will receive an allocation for each role,” Initia articulated. This initiative mirrors Initia’s commitment to fostering a strong multichain ecosystem by acknowledging those who have contributed to its development. Initia crypto airdrop allocations. Source: Initia Foundation on X Meanwhile, data on Cryptorank.io shows that Initia has successfully raised $25 million through four funding rounds. Notable investors include Theory VC, Delphi Ventures, Hack VC, and YZi Labs (formerly Binance Labs). While this capital raise is only a fraction of its $250 million valuation, it bolsters Initia’s resources to advance the development of a multichain ecosystem. This financial backing positions Initia to further its vision of an interconnected blockchain environment, facilitating seamless interactions across diverse networks. Crypto airdrops remain popular for projects to incentivize and reward their communities. Initia’s crypto airdrop adds to the list of projects to watch. Recently, BeInCrypto reported the top three crypto airdrops for the first week of April. The report cited Walrus (WAL), a decentralized storage protocol on the Sui blockchain. Walrus launched its mainnet and token generation event (TGE) on March 27. The project allocated 10% of its 5 billion token supply for community rewards. An additional 4% was distributed during the initial airdrop to early Sui ecosystem users and testnet contributors. The remaining 6% is reserved for future community incentives. Nansen airdrop is also on the list, with active platform users and data contributors likely eligible to receive tokens. Similarly, OG Labs confirmed an airdrop for testnet participants. As BeInCrypto indicated, eligibility criteria include completing at least 20 transactions and active community engagement. These airdrops present opportunities for crypto enthusiasts to engage with emerging projects and potentially benefit from their growth. Nevertheless, to ensure legitimacy and security, participants should conduct thorough research and exercise caution when interacting with airdrop campaigns.
Initia announces the launch of an airdrop of 50 million INIT tokens, accounting for 5% of the total supply
PANews reported on March 31 that L1 blockchain Initia announced it will distribute 50,000,000 INIT tokens (representing 5% of the total supply) as rewards for network testers, advocates and technical users. The airdrop allocation is as follows: • Testnet participants: 44,731,300 INIT, accounting for 89.46%, with 194,294 eligible users. • Interwoven Stack partners: 2,250,000 INIT or 4.50%, rewarding active users in the LayerZero、IBC and milkTIA ecosystems. • Social contributors:3,018,700 INIT or about 6.04%, including active Discord、Telegram and X/Twitter users. Users can check their airdrop eligibility at airdrop.initia.xyz and claim their distribution within thirty days after the launch of Initia's public mainnet. It has been explicitly stated by officials that contributors to Initia are not eligible for the airdrop; their wallets and social accounts have been excluded from the list.
Initia set to airdrop 50 million tokens, with 90% to testnet users, ahead of mainnet launch
Initia, a blockchain project building infrastructure for a multichain ecosystem, is set to airdrop 50 million INIT tokens to early supporters ahead of its upcoming mainnet launch. The airdrop represents 5% of Initia's 1 billion total token supply. The vast majority — around 44.7 million tokens, or nearly 90% of the airdrop — will go to 194,294 users who participated in Initia's 2024 testnet campaigns. These programs involved interactive onchain tasks, such as raising a virtual pet named Jennie, and were designed to stress-test Initia's infrastructure. The remaining allocation is divided between external ecosystem partner users and social contributors. About 2.25 million INIT tokens (4.5%) will go to active users of Initia's partner networks — LayerZero, IBC and MilkyWay — determined by transaction history. Roughly 3 million INIT tokens (6%) are earmarked for social contributors who meaningfully engaged on Initia's Discord, Telegram and X, helping grow its social presence. The Initia Foundation emphasized that internal contributors are excluded from the airdrop, with eligibility limited to the broader community. Participants can check if they qualify via Initia's official airdrop site, and will have 30 days to claim tokens once the mainnet goes live. "This initial distribution of INIT through Initia's airdrop ensures that supporters from the earliest stages will have a say in Initia's evolution," the foundation said. "Initia's mainnet will focus on bringing value to the native economy: from L1 users to full-stack apps ranging from DeFi to fully onchain games and NFTs." To date, Initia has raised over $24 million in funding from investors, including YZi Labs (formerly Binance Labs), Delphi Ventures, Hack VC and angel investors, via Echo, the investing platform founded by Jordan Fish, aka Cobie. As The Block previously reported, Initia's recent main VC round valued the token at $350 million , while the Echo round was raised at a $250 million valuation . Initia is developing two core products: a Layer 1 blockchain and a platform for deploying "interwoven" optimistic rollups. Co-founder Ezaan Mangalji (aka "Zon") recently described the approach as building a multichain ecosystem across architecture, product and economic layers. "Through designing an L1 in tandem to a network of interconnected L2s, Initia has built a system designed for a rollup-centric future," Zon told The Block last year. Rollups on Initia, known as Minitias, are built with the Cosmos SDK and support multiple virtual machines, including the Ethereum Virtual Machine (EVM), MoveVM and CosmWasm's WasmVM. This enables teams to customize how their rollups process and order transactions within the Cosmos framework. Over a dozen projects are said to be building Layer 2 networks using Initia's interwoven stack.
Initia publishes "March," hinting at the mainnet launch in March
According to official news from Odaily Planet Daily, Initia's official account posted "March." on the X platform, hinting at the mainnet launch in March
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