In today's rapidly developing blockchain technology landscape, the INIT token, as the native cryptocurrency of the Initia network, is quickly becoming the focus of attention for investors and developers. The Initia network is an innovative blockchain platform that combines Layer 1 and Layer 2 technologies, dedicated to solving fragmentation and scalability issues in the multi-chain ecosystem.
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The INIT token, a new name that suddenly entered the cryptocurrency market in 2025, is stirring up a new wave of controversy and opportunity. Some see it as a disruptor in the cross-chain ecosystem, while others warn of its high-risk nature. This article will guide you through the market noise, deeply analyze the technical core and ecological potential of the INIT token, and provide a clear and pragmatic purchasing survival guide.
What is the INIT token and where can it be purchased? Explanation of the ecological potential of the INIT token and purchasing guide.
What is the INIT token?
The INIT token is the native digital asset of the Initia network, built on the Cosmos SDK, with a total supply cap of 1 billion tokens. As a Layer 1 blockchain, the Initia network combines the coordination capabilities of Layer 1 with the scalability of Layer 2 through its unique "Interwoven Economy" architecture, creating a modular blockchain ecosystem. The INIT token plays a core role in this ecosystem, supporting functions such as trading, governance, staking, and cross-chain liquidity.
According to public information, the INIT token will officially launch on mainstream exchanges on April 15, 2025, with an initial price expected to be between $0.10 and $0.50, influenced by market sentiment and early demand. The Initia network also plans to distribute 50 million INIT tokens (5% of the total supply) through airdrops to reward testnet participants, community contributors, and ecological partners.
Project Information Summary
Project Name: Initia (Bone Chain)
Total Supply: 1 billion
Launch: April-May 2025
Initial Listing: Binance, OKX, Huobi, and other top exchanges
Lock-up Mechanism: Lock 1, release 12
Information Category Details
Name INIT
Stock Code Initia
Launch Year 2025
Token Type Native
Blockchain Network Initia (Mainnet)
Maximum Emission 1,000,000,000 INIT
Binance new token mining launch: April 18, 2025, 21:00 MSK
Binance new mining pool ends: April 24, 2025, 2:59 MSK
30,000,000 INIT (3% of issuance) will be distributed on Binance Launchpool
Equity Pool: BNB, FDUSD, USDC
Exchange: Binance
What is Initia?
Initia, known in Chinese as Bone Chain, is a full-chain Rollup network built by integrating novel L1 with application-specific L2 infrastructure systems. The Initia platform provides product-ready Rollups, enabling teams to build scalable sovereign systems while eliminating the user experience complexities faced by end-users when interacting with a modular multi-chain universe. Initia has a complete tech stack that implements a set of chain-level mechanisms to align the economic interests of users, developers, L2 application chains, and L1.
Initia is a modular blockchain network that integrates a Layer 1 blockchain built using the Cosmos SDK and customizable Layer 2 scaling solutions known as "Minitias." This dual-layer structure is designed to support the deployment of application-specific blockchains that maintain independence while ensuring interoperability with the broader Initia network and other chains supporting Inter-Blockchain Communication (IBC) protocols. The platform supports multiple virtual machines, including CosmWasm, EVM, and MoveVM, providing flexibility for developers working in different smart contract environments.
The first layer of Initia acts as a coordination layer. It is not the sole execution environment but serves as the backbone connecting and securing the Minitia scaling solutions. It provides settlement, liquidity, consensus, and network security. Minitia scaling solutions are initiated by developers who wish to deploy their specific execution environment chains. These scaling solutions operate independently in execution but connect to the Initia first layer through a framework called the Interwoven Stack. This allows them to benefit from shared services such as built-in liquidity, validator security, and native interoperability without managing their own set of validators or creating isolated ecosystems.
The Interwoven Stack includes architectural design decisions and tools that standardize how Minitia scaling solutions interact with the first layer and with each other. These include modules for token bridging, staking, fee abstraction, and service registration. Developers deploying Minitias do not need to build these systems themselves; instead, they follow a pre-set framework with predefined rules and integrations. This reduces engineering overhead and decision complexity, especially for teams focused on specific applications like gaming, DeFi protocols, or social networks.
Each Minitia has its own state machine and can customize its execution logic. For example, one Minitia may run on EVM, while another may use CosmWasm. This separation of concerns allows developers to isolate performance bottlenecks, introduce new features specific to their application logic, or implement governance models tailored to their community. The platform does not enforce a single application deployment model or user experience, allowing Minitias to define their own rules while maintaining connectivity to the larger Initia network.
History, Team, and Investors of Initia
Initia was founded in 2022 by Ezaan "Zon" Mangalji and Stan Liu, who previously worked at Terraform Labs. Mangalji focuses on smart contract development, while Liu specializes in miner extractable value (MEV) related research. After leaving Terraform Labs, they initially worked on decentralized finance (DeFi) projects within the Cosmos ecosystem. The collapse of the Terra ecosystem prompted them to reassess their development direction, ultimately leading to the establishment of Initia.
The founding team expanded to include developers from Cosmos Hub and Terra Station. This team brought expertise in blockchain protocol architecture, making significant contributions to the design and development of the Initia infrastructure. The team operates globally, headquartered in Singapore, with about 25 members.
In October 2023, Initia officially ended its stealth mode and received seed funding from Binance Labs. The amount of this round of investment has not been disclosed. The funds are primarily used to support the development of Initia's infrastructure and tools, as well as to incubate application layer projects within its ecosystem.
Subsequently, in February 2024, Initia successfully raised $7.5 million in seed funding, led jointly by Delphi Ventures and Hack VC. Other participating institutions include Nascent, Figment Capital, a_capital, and Big Brain Holdings. Angel investors such as Cobie, DCF God, Nick White (COO of Celestia Labs), and Smokey (co-founder of Berachain) also participated in this round of financing. The funds raised will be used to further develop Initia's Layer 1 and Layer 2 infrastructure, expand its ecosystem, and support the official launch of its testnet.
Latest Project News
The Initia project was established in 2022 as an infrastructure and modular project. On March 15, 2025, Ethena announced a strategic partnership with the Initia blockchain network, integrating its stablecoin USDe into the Initia ecosystem.
This collaboration includes three main aspects:
First, an incentivized INIT-sUSDe native liquidity pair will be established, providing Ethena rewards, INIT staking rewards, and exchange fees for liquidity positions;
Second, Ethena will provide rewards for Initia ecosystem applications that use its assets as core components, including full-stack applications like Cabal, Echelon, and Rave;
Third, Ethena will invest in the Initia ecosystem, starting with Echelon.
Initia Project Financing History.
Initia has completed three rounds of financing, totaling $24 million, with a project valuation of $600 million. These include:
February 2024: Completed $7.5 million seed round financing
September 2024: Completed $14 million Series A financing
September 2024: Completed $2.5 million community financing
Project Development Team Introduction
The Initia team consists of several developers with extensive experience in the Cosmos, Terra, and Ethereum ecosystems, dedicated to building an Apple-like ecosystem in the blockchain field:
Stanford Liu is the co-founder and CEO of Initia, previously the research director at Terraform Labs.
Ezaan "Zon" Mangalji is the co-founder of Initia.
OmniscientAsian is the Vice President of Crescendo Ventures and the head of Initia's ecosystem, previously working at Sino Global Capital.
Main Features of Initia
Initia Interwoven Stack
The Interwoven Stack is the core framework that coordinates communication and functionality between Initia Layer 1 and its connected Minitias. The architecture consists of three key elements: OPHost, OPChild, and OPinit Bots. OPHost is deployed at the Layer 1 level as the execution point for output proposals completing rollup submissions. It is responsible for managing state commitments from Minitias and providing a dispute resolution mechanism through fraud proof verification. OPChild is embedded in each Minitia, responsible for handling validator coordination, updating price oracles, and managing messages sent from Layer 1. It also handles withdrawal requests from users wishing to exit Minitia. OPinit Bots serve as off-chain services connecting the Host and Child components. These bots are primarily responsible for submitting rollup data to Layer 1, relaying price feed updates, and executing asset transfers across different chains.
This design cleverly distributes data availability, execution, and verification functions across different layers and components. For example, a Minitia using EVM can submit transaction batches to Initia Layer 1 via OPinit Bots. Subsequently, the Host will verify the validity of these batches based on the specific configuration of the rollup. If the system detects any data discrepancies, a structured dispute mechanism will allow for challenges to be submitted.
Initia Applications
The Initia application is the official web interface for interacting with Layer 1 and Minitia services. The platform integrates tools for asset management, validator staking, decentralized trading, and governance participation. The application supports token swaps based on INIT through the decentralized exchange InitiaDEX built into Layer 1. Users can provide liquidity for specific trading pairs and receive LP tokens, which can also be used in the staking process under the established liquidity model.
Users can access the application through a browser wallet and perform various trading operations in both Layer 1 and Minitia environments. The staking data panel provides key information such as validator operational status, commission rates, and delegation options. Token holders can delegate their INIT to validators to participate in network consensus, thereby earning inflation rewards. The built-in governance interface within the application allows INIT holders to view and participate in voting on proposals related to network upgrades or parameter adjustments.
Initia Scan
Initia Scan is a blockchain explorer developed specifically to track and visualize data from Initia Layer 1 and its Minitias. The platform provides real-time indexing services for blocks, transactions, accounts, and governance activities. Users can perform precise searches using transaction hashes, block heights, or wallet addresses. Additionally, this explorer can display detailed information associated with specific accounts, such as staking balances, transaction histories, and NFT ownership.
The data in this explorer is clearly categorized by different chains, allowing users to easily identify whether transactions occur at the Layer 1 level or on a specific Minitia. For accounts running MoveVM-compatible rollups, the tool will also display their active Move modules and resources. The platform seamlessly integrates governance data into the interface, displaying proposal statuses, voting participation rates, and voting distributions among validators in real-time. Users can check the performance of validators through the interface and view dedicated validator pages containing commission rates, self-staking balances, and related delegation information.
Initia Cross-Chain Bridge
The Initia cross-chain bridge enables asset transfers between Layer 1 and connected Minitias. When users deposit tokens from Layer 1 into a Minitia, the bridging protocol locks these assets on the Initia chain and generates a deposit event record. Once the OPinit monitoring bot detects this event, it initiates the minting process of equivalent tokens on the target Minitia. The entire process is executed automatically, requiring no additional actions from users after the initial transaction.
The withdrawal mechanism is designed with a built-in challenge period window. After users submit a withdrawal request from Minitia, the transaction enters a submission queue awaiting processing by OPHost. At this point, a specific challenge period is triggered, during which challenger bots can submit fraud proofs if they detect invalid transactions. If no objections are raised during the challenge period, the withdrawal request will be confirmed, and the assets locked on Layer 1 will be released.
Initia Airdrop
Initia has launched a token airdrop program as an important part of its distribution strategy. These airdrop activities are designed to reward users participating in testnet activities, ecosystem applications, or external projects related to the development roadmap of Initia. Eligible users can check their personal allocation amounts through the Initia application. Users need to verify their eligibility and initiate the claiming process by signing messages with their wallets.
Some airdrop activities have delayed unlocking conditions that restrict users from immediately accessing all allocated tokens. For example, certain users may need to stake their INIT tokens or participate in ecological governance to unlock a higher proportion of their allocation. The claiming interface will display the available airdrop amount and any outstanding unlocking requirements in real-time. Each airdrop activity has a clear deadline, and unclaimed tokens after the expiration will return to the distribution pool or be reallocated to other incentive programs. Initia will publish detailed instructions and eligibility criteria through official channels before each activity.
The Initia ecosystem provides standardized infrastructure to support the development of decentralized applications and independent rollups, allowing project teams to build foundational components without starting from scratch. From the Interwoven Stack to token cross-chain bridges and block explorers, each tool is designed according to modularity and interoperability principles. Developers can integrate their Minitia projects through documented interfaces and access shared service resources via Initia Layer 1.
Initia Technical Ecosystem
Technical Architecture of Initia
The technical architecture of Initia is based on a modular system that connects Layer 1 blockchains with customizable Layer 2 rollups through the Interwoven Stack. Layer 1 is built on the Cosmos SDK and uses CometBFT as the consensus mechanism. It is responsible for validator coordination, INIT staking, liquidity provisioning, governance, and rollup registration. Each Layer 2 rollup (referred to as Minitia) operates as an application-specific chain, supporting different virtual machines, including MoveVM, EVM, and WasmVM. The Interwoven Stack connects these rollups to Layer 1 through three components: OPHost (on L1), OPChild (on each Minitia), and OPinit Bots (off-chain agents). OPHost is responsible for confirming output proposals from Minitias and resolving disputes. OPChild handles on-chain message execution and withdrawal events. OPinit Bots act as relays between the layers, submitting cross-chain messages and maintaining oracle data sources.
Initia uses Celestia as its data availability layer, ensuring that transaction data from rollups is verifiable and publicly available. Slinky is used to provide real-time price oracles to smart contracts running on various Minitias. The Initia Bridge handles token transfers between Layer 1 and Minitias through optimistic design and dispute windows, similar to common rollup architectures. INIT serves as the native token for transaction fees, staking, governance, and liquidity provision. Liquidity provider tokens paired with INIT can be staked under the network's liquidity provisioning model.
Features of Initia
- Comprehensive Built-in Features
Developer tools and functionalities: Minitias provide developers with a suite of built-in features, including instant bridging, native USDC, token interchangeability across different virtual machines, oracle interfaces, fiat gateways, and extensive developer tools. - Impressive Technical Specifications and Rich Feature Set
Performance: Over 10,000 TPS, with a block time of 500ms, ensuring high performance for demanding applications.
Interoperability: Integrated with IBC, achieving Cosmos interoperability and Omnitia shared security.
Support for Celestia Data Availability: Utilizing Celestia for efficient data availability and state verification.
Multi-Virtual Machine Support: Supporting MoveVM, WasmVM, and EVM.
Various Native Features: Such as vested interest programs, token kickbacks, and Omnitia message modules.
Advanced Tools: Including InitiaSDK, WalletSDK, and one-click deposit widgets.
Third-party Integration: Supporting integration with external services and Oracles to extend functionality and user experience.
Advantages of Initia
InitiaEVM is a CosmosSDK module designed to support Solidity smart contracts and EVM operations while leveraging the interoperability of Cosmos and IBC.
Full EVM Compatibility: Solidity contracts can be deployed or ported without modification.
Custom Bank Interface (BI): Replacing the standard Cosmos x/Bank module with ERC20, ensuring a unified token standard among EVM Minitias.
Single Token Standard: Using only the ERC20 token standard simplifies development and integration, eliminating the need to manage Cosmos coins or interfaces.
Native IBC Integration: ERC20 tokens created in Solidity smart contracts can be transferred to other chains via IBC without additional complexity. Native Cosmos assets transferred to EVM Minitia will automatically convert to ERC20 tokens.
Cosmos Interaction: Solidity contracts can execute Cosmos messages, query chain states, and interact with features like Interchain Accounts, ICQ, and Slinky queries.
Interwoven EVM: EVM IBC hooks support multi-chain, cross-VM contract interactions, facilitating a new multi-chain ecosystem.
Simplified Development: InitiaEVM ensures that Solidity projects integrate easily, allowing developers to focus on their applications without worrying about conversion or interoperability issues.
Conclusion: Initia aims to redefine the multi-chain experience by seamlessly integrating Layer 1 and Layer 2 solutions into a user-friendly ecosystem. Leveraging the advantages of Cosmos SDK, CometBFT, and Move VM, Initia offers robust security, scalability, and interoperability. Advanced features like OPinit Stack and Enshrined Liquidity position Initia as a leader in the blockchain space. With a strong team and substantial funding from leading industry participants, Initia is poised for widespread adoption and innovation. During the testnet phase, Initia has already demonstrated a strong ecosystem, promising to be fertile ground for the next generation of decentralized applications.
Core Functions of the INIT Token
The INIT token has multiple uses within the Initia network, serving not only as a pillar of the economic system but also providing users and developers with rich functionalities. Here are its main functions:
Transaction Fees
The INIT token is used to pay gas fees within the Initia network, covering all transactions on Layer 1 and Layer 2. This design ensures the efficient operation of the network while providing a stable source of demand for the token.
Staking and Network Security
Users can participate in the network's consensus mechanism by staking INIT tokens, supporting network security and earning staking rewards. The staking mechanism incentivizes users to hold tokens long-term while enhancing the network's decentralization.
Governance Rights
Holders of the INIT token can participate in the decentralized governance of the Initia network, voting on key proposals such as protocol upgrades, resource allocation, and ecological development directions. This governance model empowers the community with a voice in the network's future.
Cross-Chain Liquidity
Through Initia's "Enshrined Liquidity" mechanism, the INIT token supports liquidity pools between Layer 1 and Layer 2, facilitating seamless transfers of cross-chain assets. This provides a strong infrastructure for decentralized finance (DeFi) and cross-chain applications.
Ecological Incentives
The Initia network distributes INIT tokens through airdrops and the "Vested Interest Program" (long-term incentive program), rewarding testnet participants, developers, and community contributors. 25% of the token supply is specifically allocated for long-term rewards, encouraging ongoing ecological participation.
Application Scenarios of the INIT Token
The application scenarios of the INIT token cover multiple areas of blockchain technology, from DeFi to NFTs to full-chain gaming, showcasing its versatility and wide applicability. Here are a few typical use cases:
Decentralized Finance (DeFi)
The Omnitia Liquidity Hub of the Initia network provides a cross-chain liquidity center where users can participate in liquidity pools, trading, and yield farming using the INIT token. The INIT token facilitates efficient asset exchanges and yield generation as part of trading pairs.
Full-Chain Gaming
Initia supports the development of full-chain games, allowing players to use the INIT token to purchase in-game assets, participate in competitions, or trade NFTs. This "Play-to-Earn" model attracts a large number of gaming enthusiasts.
NFT Market
Initia's Minitias (Layer 2 application chains) support the creation and trading of NFTs, with the INIT token used to pay for minting fees, transaction fees, or purchasing digital collectibles. The platform's multi-virtual machine support (including EVM, MoveVM, and WasmVM) provides NFT developers with a flexible development environment.
Cross-Chain Bridging
The INIT token plays a key role in Initia's multi-chain bridging system, supporting asset and data transfers between different blockchains. This facilitates developers in building cross-chain applications while enhancing user experience.
Future Prospects: The Potential of the INIT Token
As blockchain technology and the multi-chain ecosystem continue to evolve, the INIT token is expected to demonstrate its potential in several areas:
Ecological Expansion: After the mainnet launch, Initia will introduce more decentralized applications (dApps) covering DeFi, NFTs, and gaming, increasing the demand for the INIT token.
Technological Innovation: Initia's Rollup architecture and multi-virtual machine support will attract more developers, driving the prosperity of the ecosystem.
Market Recognition: As the coverage of exchanges expands and the community grows, the liquidity and market recognition of the INIT token are expected to further increase.
Cross-Chain Collaboration: Initia's interoperability design positions it as a hub in the multi-chain ecosystem, potentially occupying an important role in future blockchain networks.
Additionally, Initia's "Vested Interest Program" will incentivize users and developers' continued participation through a long-term reward mechanism, supporting the stable growth of the token's value.
As the core asset of the Initia network, the INIT token not only supports functions such as trading, governance, and cross-chain liquidity but also provides developers with a robust infrastructure for building scalable blockchain applications. From DeFi to full-chain gaming, from NFTs to cross-chain bridging, the INIT token is driving innovation and integration in the multi-chain ecosystem.
For investors and blockchain enthusiasts, the INIT token represents a promising opportunity. However, given the volatility of the cryptocurrency market, users are advised to conduct thorough market research before participating and to obtain the latest updates through official channels. In the future, with the full launch of the Initia network's mainnet and the continuous expansion of the ecosystem, the INIT token is expected to play an increasingly important role in the blockchain world.
INIT Token Purchase Guide
- Binance
Binance is a leading international blockchain digital asset trading platform that offers a wide range of digital currency trading, blockchain education, blockchain project incubation, blockchain asset issuance platforms, blockchain research institutes, and blockchain charity services, currently covering users in over 190 countries and regions worldwide.
INIT Token Purchase Guide
- Huobi
Huobi Group is a well-known leader in the digital economy, dedicated to core technological breakthroughs in the blockchain field and the integration of blockchain technology and industry since its establishment in 2013. It has developed multiple business segments including industrial blockchain, public chains, digital asset trading, digital asset security wallets, mining pools, investment, incubation, and research, investing in over 60 upstream and downstream enterprises, forming a comprehensive digital economy industry ecosystem. - OKX
OKX has established a globally leading crypto trading system with a unified trading account, launched MetaX, and provides multi-chain non-custodial wallets, OKX NFT marketplace, DEX, Dapps, and other products. OEC, as its self-developed public chain, is also beginning to take shape in ecological construction, meeting users' diverse digital asset business needs. In the future, OKX will continue to venture into the metaverse, Web 3.0, GameFi, and other fields, with OKX Ventures having invested in hundreds of blockchain projects globally, promoting the prosperity of the crypto economy. - Gate.io
Gate.io trading platform was established in April 2013, registered in the Cayman Islands, and was renamed "Zhi Ma Kai Men" in July 2020. The platform has years of stable operation experience, accumulating many industry-leading technologies, ensuring user asset security through both centralized and decentralized means, and providing users with an efficient and convenient real-time trading service system. As one of the longest-standing and largest trading platforms in terms of trading volume globally, Zhi Ma Kai Men strictly adheres to industry regulations and does not participate in market operations. - Bitget
Bitget exchange supports online real-time trading of over 500 virtual currencies, holding licenses such as Canadian MSB license M20179708, US MSB, and Australian DCE. In 2022, it successively added wealth management, half-price coin purchases, voting for coin listings, contract strategy trading, and more empowerment for SBGB, making it a one-stop cryptocurrency exchange suitable for various investors. - Bybit
Bybit exchange is a cryptocurrency trading application designed for both beginners and professionals. It simplifies the purchasing process for popular cryptocurrencies, offering spot and derivative trading pairs, and features various functionalities such as derivative trading with unified sidebar fields, advanced limit order settings, and easy trading options for newcomers, along with asset management, copy trading, and NFT marketplace functionalities.
Summary
The INIT token paints an enticing picture of breaking down barriers between chains, and if its technological vision is successfully realized, it could indeed reshape the rules of value exchange on the internet. However, the crypto world is never short of grand narratives; from the ICO craze to the DeFi summer to the NFT bubble, history has repeatedly proven that survivors are always those who respect risks, deeply research value, and strictly control positions.
Can the Initia ecosystem carve a path through the cross-chain red sea? Is the INIT token the next hundredfold miracle, or just another case of post-noise desolation? The answer lies not in the fluctuations of K-line charts but in the iterations of code, the prosperity of the ecosystem, and the tempering of time.
This concludes our detailed introduction on what the INIT token is and where to purchase it, along with an explanation of its ecological potential and purchasing guide. We hope this article helps everyone better understand the INIT token!