Initia Price in India (INIT)

Initia (INIT) is a modular blockchain ecosystem that combines a Layer-1 network with customizable Layer-2 rollups to create a seamless environment for developers. It provides built-in interoperability, shared security, and automated rollup deployment tools through its Interwoven Stack, a toolkit that makes launching and managing custom rollups easier. The goal of the platform is to make it faster, simpler, and more efficient to build and scale app-specific blockchains.

Initia (INIT) was co-founded by former Terraform Labs employees Stan Liu and Ezaan Mangalji in 2022. 

• INIT token: INIT is the native token of Initia. It powers the platform’s operations, including network security, transaction fees, governance, and developer and user incentives. 

• Both L1 and L2 architecture: Initia combines a Layer 1 (L1) blockchain with Layer 2 (L2) rollups, leveraging the best of both to create a unified, scalable ecosystem.

• Interoperability: Initia offers a seamless cross-rollup communication, ensuring smooth interaction across all chains in the ecosystem.

• User-friendly experience: The Initia platform simplifies blockchain complexity for developers and users, offering a faster, more intuitive interface and developer tools.

INIT’s hybrid architecture, combining Layer 1 and Layer 2, makes it a strong player in the crypto space. It is a developer-centric platform offering customizable rollups, built-in cross-chain interoperability, and an integrated tech stack that simplifies development. Initia positions itself as a powerful platform for next-generation applications. Its focus on developers first and a user experience gives it an edge in the competitive rollup ecosystem. However, like all cryptos, its long-term success depends on adoption and ecosystem growth.

You can buy INIT from crypto platforms like CoinSwitch.

• INIT can be bought and traded on crypto platforms like CoinSwitch. 

• The INIT token is used to pay transaction fees across the Initia network.

• Token holders can stake the token to earn staking rewards and also help secure the network.

• It is also used in reward programs, such as the Vested Interest Program (VIP), to incentivize activity.

• Initia combines an L1 with customizable L2 rollups for high performance and flexibility.

• The Initia platform is integrated with major NFT, DeFi, and gaming platforms, offering real-world demand drivers.

• Initia is backed by top VCs in the crypto space like YZi Labs, Hack VC, A.Capital, and Delphi Ventures.

• INIT is subject to market volatility like all cryptos.

• It faces strong competition from similar ecosystems like Arbitrum and Optimism.

• The L1 and L2 models can be difficult for new developers to adopt.

• Start investing in INIT with just ₹100.

• CoinSwitch provides a seamless and intuitive trading experience for users.

• Easily manage your transactions and portfolio on the app.

Initia (INIT) conducted a community funding round in September 2024, raising $2.5 million at a $250 million token valuation. The fundraise, conducted through a token purchase agreement, was hosted on the Echo launchpad. The platform had previously secured $7.50 million in seed funding, followed by $14 million in Series A funding backed by top VCs in the crypto space like YZi Labs, Hack VC, A. Capital, and Delphi Ventures.