Initia to Airdrop 50 Million INIT Tokens for Early Supporters

Layer-1 (L1) blockchain platform Initia has announced plans to distribute 50 million INIT tokens as part of its upcoming mainnet launch. This allocation represents approximately 5% of its total supply. The tokens will be distributed to reward early supporters, including testnet participants, ecosystem partners, and social contributors.

The majority of the airdrop, approximately 89.46% (44.7 million INIT tokens), is designated for 194,294 users who actively participated in Initia’s part one and two testnets in 2024. These participants played a crucial role in testing and refining the network’s infrastructure, ensuring its readiness for the upcoming mainnet launch. Eligible users can verify their airdrop status, with claims available for 30 days following the mainnet’s debut.

Beyond testnet users, Initia is also allocating 4.5% of the airdrop (2.25 million INIT tokens) to active participants within its partner networks—LayerZero, IBC, and MilkyWay. This allocation targets users with significant transaction histories, reinforcing Initia’s dedication to integrating with complementary blockchain ecosystems.

Initia Foundation also recognizes social contributors. Based on this, it dedicates 6% of the airdrop (3 million INIT tokens) to individuals meaningfully engaged with Initia’s community platforms, such as Discord, Telegram, and X (formerly Twitter). This includes roles like Militia Captain, OG, and Initiate of the Week, highlighting the project’s appreciation for community-driven growth. The allocation is additive, meaning that a user with multiple roles will receive an allocation for each role. This initiative mirrors Initia’s commitment to fostering a strong multichain ecosystem by acknowledging those who have contributed to its development.

Initia has successfully raised $25 million through four funding rounds. Notable investors include Theory VC, Delphi Ventures, Hack VC, and YZi Labs. While this capital raise is only a fraction of its $250 million valuation, it bolsters Initia’s resources to advance the development of a multichain ecosystem. This financial backing positions Initia to further its vision of an interconnected blockchain environment, facilitating seamless interactions across diverse networks.

Crypto airdrops remain popular for projects to incentivize and reward their communities. Initia’s crypto airdrop adds to the list of projects to watch. Recently, several other projects have also announced airdrops, including Walrus, Nansen, and OG Labs. These airdrops present opportunities for crypto enthusiasts to engage with emerging projects and potentially benefit from their growth. Nevertheless, to ensure legitimacy and security, participants should conduct thorough research and exercise caution when interacting with airdrop campaigns.