Question 1

What is Initia (INIT)?

Accepted Answer

Initia (INIT) is the native token of the Initia blockchain ecosystem, which includes a custom Layer 1 chain and a modular rollup framework called the Interwoven Stack. The Initia L1 serves as the coordination and liquidity hub for rollups deployed using the Interwoven Stack, offering shared security, interoperability via IBC, and token-based incentive mechanisms. Built using the Cosmos SDK, Initia is designed to reduce development complexity by standardising critical components such as data availability, bridging, and oracles.

INIT is central to this architecture and is used throughout the system for utility, incentives, and governance. The Initia ecosystem also includes rollup frameworks such as MiniEVM, MiniMove, and MiniWasm, which provide flexibility in virtual machine environments, along with tools like InitiaDEX, the OPinit Bridge, and Minitswap to support liquidity, communication, and fast token bridging across layers.

Question 2

What is Initia (INIT) used for?

Accepted Answer

INIT supports a wide range of utility functions across both Initia L1 and the Interwoven Rollups:

**Gas Fees**: INIT can be used to pay transaction fees on Initia L1. Rollups may optionally adopt INIT as their gas token, or choose alternative denominations.

**Liquidity & Swapping**: INIT is the base asset on InitiaDEX, facilitating token swaps and cross-rollup liquidity. It also plays a key role in Enshrined Liquidity pools used for staking.

**Staking & Security**: INIT is involved in securing the network via a system where users stake LP positions containing INIT. This allows simultaneous participation in staking and liquidity provision.

**Incentives & Rewards**: Through the Vested Interest Program (VIP), INIT is distributed to rollup teams, users, and operators based on on-chain activity and contributions. Rewards are first escrowed (esINIT) and can be vested over time.

**Governance**: INIT holders participate in governance processes on Initia L1, such as rollup whitelisting and reward allocation decisions.

**Bridging & Interoperability**: INIT is used in bridging processes across Initia L1 and its rollups, leveraging both optimistic bridges and the IBC protocol. It exists in multiple formats (e.g. OpINIT, IbcOpINIT) to support cross-chain functionality.

**Stability & Peg Mechanisms**: INIT powers Minitswap and peg-keeping mechanisms that maintain token parity between layers and facilitate fast withdrawals without waiting for challenge periods.

Question 3

Who created Initia (INIT)?

Accepted Answer

Initia was co-founded by **Stan Liu** and **Ezaan “Zon” Mangalji**. Both founders previously worked at Terraform Labs, where they contributed to smart contract development and infrastructure research.

- **Stan Liu** is the CEO of Initia. His background includes research on miner-extractable value and protocol-level scalability.
- **Ezaan Mangalji** is a smart contract engineer with expertise in cross-chain development.

They created Initia to simplify the deployment of modular blockchains and to offer a unified infrastructure for developers building scalable, interoperable applications.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	INIT-USDT INITUSDT	binance	AA	0.07307USDT	-2.46%	4,479,458.80INIT	5,158	0.07491USDT	0.07720USDT
2	INIT-USDT INITUSDT	bybit	A	0.07314USDT	-2.31%	1,550,146.40INIT	4,699	0.07487USDT	0.07693USDT
3	INIT-USDT INIT_USDT	whitebit	BB	0.07310USDT	-2.40%	1,159,544.40INIT	4,080	0.07489USDT	0.07740USDT
4	INIT-TRY INITTRY	binance	AA	3.55TRY	-1.91%	682,432.30INIT	838	3.62TRY	3.71TRY
5	INIT-USDC INITUSDC	binance	AA	0.07325USDC	-2.26%	338,942.20INIT	529	0.07494USDC	0.07743USDC
6	INIT-USDT INIT_USDT	gateio	A	0.07308USDT	-2.68%	287,231.00INIT	531	0.07509USDT	0.07674USDT
7	INIT-USDC INIT_USDC	whitebit	BB	0.07360USDC	-2.00%	179,148.30INIT	350	0.07510USDC	0.07720USDC
8	INIT-USDT INITUSDT_SPBL	bitget	BB	0.07317USDT	-2.10%	147,741.36INIT	875	0.07475USDT	0.07711USDT
9	INIT-USD INITUSD	kraken	AA	0.07350USD	-1.61%	110,176.14INIT	73	0.07470USD	0.07650USD
10	INIT-EUR INITEUR	kraken	AA	0.06370EUR	-2.30%	64,985.15INIT	36	0.06519EUR	0.06660EUR
11	INIT-USDT INIT-USDT	kucoin	BB	0.07305USDT	-2.47%	58,035.00INIT	168	0.07490USDT	0.07690USDT
12	INIT-USD INIT_USD	cryptodotcom	AA	0.07330USD	-3.48%	504.60INIT	8	0.07593USD	0.07645USD
13	INIT-USDT INITUSDT	cexio	BB	0.07585USDT	-1.29%	454.00INIT	1	0.07684USDT	0.07684USDT
14	INIT-USD INITUSD	cexio	BB	0.07589USD	-1.43%	272.40INIT	1	0.07700USD	0.07700USD
15	INIT-USDC INITUSDC	cexio	BB	0.07410USDC	-2.50%	272.40INIT	1	0.07600USDC	0.07600USDC
16	INIT-USDT init_usdt	lbank	C	0.07310USDT	-2.42%	5,188,338.70INIT	84,316	0.07491USDT	0.07686USDT
17	INIT-USDT INIT_USDT	coinw	-	0.07320USDT	-2.27%	3,474,227.57INIT	1,601	0.07489USDT	0.07679USDT
18	INIT-USDT INIT_USDT	bitunix	C	0.07310USDT	-2.45%	998,912.50INIT	6,241	0.07495USDT	0.07698USDT
19	INIT-USDT init_usdt	digifinex	D	0.07320USDT	-2.14%	848,320.00INIT	1,793	0.07480USDT	0.07679USDT
20	INIT-USDT INITUSDT	mexc	C	0.07282USDT	-2.33%	737,598.41INIT	3,028	0.07456USDT	0.07654USDT
21	INIT-USDT INIT-USDT	bigone	-	0.07330USDT	-2.01%	670,565.80INIT	4,195	0.07480USDT	0.07710USDT
22	INIT-USDT INIT_USDT	bydfi	-	0.07292USDT	-2.19%	670,480.26INIT	3,328	0.07456USDT	0.07654USDT
23	INIT-KRW INIT_KRW	bithumbkorea	-	99.24KRW	-1.74%	348,059.54INIT	137	101.00KRW	104.00KRW
24	INIT-EUR INIT-EUR	bitvavo	B	0.06390EUR	-2.18%	93,239.25INIT	66	0.06533EUR	0.06701EUR
25	INIT-USDT initusdt	huobipro	C	0.07290USDT	-2.28%	69,987.65INIT	99	0.07460USDT	0.07670USDT
26	INIT-EUR INITEUR	bit2me	B	0.06370EUR	-2.30%	64,985.15INIT	36	0.06519EUR	0.06660EUR
27	INIT-INR INITINR	coindcx	-	7.17INR	-4.84%	1,406.45INIT	12	7.53INR	7.53INR
28	INIT-USDT USDT-INIT	upbit	B	0.05750USDT	0.00%	0INIT	0	0.05750USDT	0.05750USDT
29	INIT-USDT INITUSDT	hitbtc	E	0.05960USDT	0.00%	0INIT	0	0.05960USDT	0.05960USDT
30	INIT-BTC BTC-INIT	upbit	B	0.0₆9800BTC	0.00%	0INIT	0	0.0₆9800BTC	0.0₆9800BTC
31	INIT-KRW INIT_KRW	coinone	C	95.20KRW	0.00%	0INIT	0	95.20KRW	95.20KRW