Initia (INIT)
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About INIT
Initia (INIT) is the native token of the Initia network, a pioneering Layer 1 and rollup ecosystem designed to bring modular architecture and seamless interoperability to Web3 applications. Initia combines a Cosmos SDK-based Layer 1 blockchain (the Initia L1) with a framework for deploying permissionless, customizable Layer 2 rollups called "Opinitia." The Initia L1 provides a decentralized shared security base and coordination layer, facilitating interoperability between thousands of app-specific rollups. It uses a proof-of-stake (PoS) consensus model, integrating features like inter-rollup communication (IRC), a universal account system, decentralized sequencing, and economic coordination across the ecosystem. Opinitia rollups are sovereign, customizable rollups built on MoveVM, optimized for user-defined execution environments. Rollup developers can easily launch chains that plug into Initia’s network, gaining access to Initia's liquidity, security, and interconnectivity. INIT, the network’s token, is used for staking, governance, paying gas fees on the Initia L1, and participating in economic mechanisms across the rollup ecosystem. INIT is critical to the security of the Initia network and acts as a coordination medium between L1 and its rollups. With its combination of modular design, intuitive developer tooling, and built-in interoperability, Initia aims to enable a scalable, liquid, and highly composable network of Web3 applications and appchains.
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Frequently Asked Questions about Initia
What is Initia?
Initia is a hybrid Layer 1 and rollup platform built to provide modular scalability, seamless interoperability, and economic coordination across thousands of customizable Layer 2 chains.
Where can I buy INIT tokens?
INIT can be purchased on major cryptocurrency exchanges, including Binance, Bybit, KuCoin, Gate.io, and HTX.
Where can I store INIT tokens?
INIT can be stored in wallets that support Cosmos-based chains, such as Keplr Wallet and Leap Wallet, with future support expected for Initia-specific wallet integrations.
What is the INIT token used for?
INIT is used for staking to secure the Initia L1, paying transaction fees, governance voting, and economic coordination between the L1 and connected rollups.
What is the Initia L1?
The Initia L1 is a Cosmos SDK-based blockchain that provides security, coordination, universal accounts, and cross-rollup communication for the entire Initia ecosystem.
What are Opinitia rollups?
Opinitia are customizable Layer 2 rollups built on MoveVM, allowing developers to launch sovereign appchains that connect to Initia’s L1 for liquidity and interoperability.
Is Initia EVM-compatible?
Initia primarily uses Cosmos SDK and MoveVM for its rollups rather than direct EVM compatibility. However, interoperability with other VM standards is part of the broader vision.
How does Initia handle interoperability?
Initia uses native inter-rollup communication (IRC) and universal accounts, allowing seamless asset transfers, messaging, and composability across L1 and rollups without needing external bridges.
How is Initia different from other rollup solutions?
Unlike isolated rollup solutions, Initia provides shared security, decentralized sequencing, and native liquidity coordination across rollups, creating a more composable and integrated rollup ecosystem.
Who governs Initia?
INIT token holders participate in governance, voting on key protocol upgrades, parameter changes, and ecosystem funding decisions.