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	0.2087USDT	17.78%	111,162,908.30INIT	335,633	0.1772USDT	0.2579USDT
2	INIT-TRY INITTRY	binance	AA	10.39TRY	18.18%	104,484,649.70INIT	162,804	8.79TRY	12.80TRY
3	INIT-USDT INITUSDT	bybit	A	0.2079USDT	17.61%	6,804,995.60INIT	24,850	0.1767USDT	0.2560USDT
4	INIT-USDC INITUSDC	binance	AA	0.2095USDC	18.37%	3,545,134.90INIT	8,306	0.1769USDC	0.2571USDC
5	INIT-USDT INIT_USDT	gateio	A	0.2096USDT	19.00%	2,979,460.77INIT	17,970	0.1761USDT	0.2585USDT
6	INIT-USD INITUSD	kraken	AA	0.2090USD	18.75%	2,293,442.74INIT	2,237	0.1760USD	0.2887USD
7	INIT-USDT INITUSDT_SPBL	bitget	BB	0.2085USDT	18.33%	1,424,602.15INIT	18,439	0.1762USDT	0.2528USDT
8	INIT-EUR INITEUR	kraken	AA	0.1872EUR	19.01%	889,824.54INIT	763	0.1573EUR	0.2263EUR
9	INIT-USDT INIT-USDT	kucoin	BB	0.2611USDT	47.79%	795,393.51INIT	1,786	0.1766USDT	0.4230USDT
10	INIT-USDT INIT_USDT	whitebit	BB	0.2081USDT	16.98%	679,586.10INIT	4,578	0.1779USDT	0.2531USDT
11	INIT-USDC INIT_USDC	whitebit	BB	0.2092USDC	17.77%	532,793.00INIT	1,080	0.1776USDC	0.2483USDC
12	INIT-USD INIT_USD	cryptodotcom	AA	0.2132USD	21.43%	36,809.50INIT	170	0.1756USD	0.2478USD
13	INIT-USDT INIT_USDT	coinw	-	0.2096USDT	18.62%	49,714,800.74INIT	5,386	0.1767USDT	0.2486USDT
14	INIT-KRW INIT_KRW	bithumbkorea	-	231.00KRW	16.08%	28,246,833.10INIT	33,874	199.00KRW	289.00KRW
15	INIT-USDT init_usdt	lbank	C	0.2106USDT	19.56%	25,227,896.40INIT	107,051	0.1762USDT	0.2551USDT
16	INIT-USDT init_usdt	digifinex	D	0.2092USDT	18.39%	21,187,547.80INIT	67,661	0.1767USDT	0.2558USDT
17	INIT-USDT initusdt	huobipro	C	0.2037USDT	16.47%	18,183,586.82INIT	65,635	0.1749USDT	0.2532USDT
18	INIT-EUR INIT-EUR	bitvavo	B	0.1878EUR	18.70%	5,338,674.71INIT	5,334	0.1582EUR	0.2298EUR
19	INIT-USDT INIT_USDT	bitunix	C	0.2090USDT	18.23%	2,115,780.20INIT	40,492	0.1768USDT	0.2572USDT
20	INIT-USDT INITUSDT	mexc	C	0.2102USDT	19.03%	1,357,105.85INIT	9,577	0.1766USDT	0.2632USDT
21	INIT-USDT INIT_USDT	bydfi	-	0.2102USDT	19.01%	1,109,017.29INIT	3,963	0.1766USDT	0.2583USDT
22	INIT-EUR INITEUR	bit2me	B	0.1881EUR	19.58%	887,812.32INIT	762	0.1573EUR	0.2263EUR
23	INIT-BTC BTC-INIT	upbit	B	0.0₅3200BTC	11.89%	605,071.33INIT	1,164	0.0₅2860BTC	0.0₅3770BTC
24	INIT-INR INITINR	coindcx	-	27.66INR	58.23%	143,647.72INIT	1,232	17.48INR	40.00INR
25	INIT-USDT INIT-USDT	bigone	-	0.1543USDT	0.00%	0INIT	0	0.1543USDT	0.1543USDT
26	INIT-KRW INIT_KRW	coinone	C	175.00KRW	-0.06%	146.73INIT	1	175.10KRW	175.10KRW
27	INIT-USDT USDT-INIT	upbit	B	0.02002USDT	0.00%	0INIT	0	0.02002USDT	0.02002USDT
28	INIT-USDT INITUSDT	hitbtc	E	0.1000USDT	0.00%	0INIT	0	0.1000USDT	0.1000USDT