Initia Airdrop: INIT Token Launch Details
Initia Airdrop and INIT Token Launch
Initia, a leading blockchain project building a multichain ecosystem, has launched its highly anticipated airdrop, distributing 50 million INIT tokens (5% of the total 1 billion token supply). This airdrop rewards users for their participation in Initia's 2024 testnet campaigns and other community activities.
Airdrop Allocation and Eligibility
The 44.7 million INIT tokens (90% of the airdrop) are allocated to Initia’s 2024 testnet participants (194,294 eligible users). The remaining tokens are distributed as follows:
- 4.5% to Interwoven Stack Partners
- 1.5% to LayerZero users
- 1.5% to IBC users
- 1.5% to milkTIA holders
- 6.04% to social contributors
- 1% to Discord users
- Remaining tokens allocated for social media engagement.
Users have a 30-day window to claim their tokens after Initia's mainnet launch. 25% of the total token supply is part of a Vested Interest Program for long-term rewards.
How to Claim Your INIT Tokens
To check your eligibility and claim your INIT tokens, visit airdrop.initia.xyz. Eligible users include holders of Jennies NFTs (Level 3 or higher), Jennie NFTs with specific stickers, top milkTIA holders, LayerZero and IBC users, social contributors, and others. After the mainnet launch, eligible users must connect their wallets to claim their tokens, incurring a small gas fee. Remember to claim your tokens within 30 days!
Potential INIT Token Price at Launch
Predicting the INIT token's launch price is challenging. Various factors influence its value, including market hype, exchange listings, and overall market conditions. While some analysts anticipate a price around $0.50 based on a $250 million valuation and 1 billion token supply, this is purely speculative. The actual launch price could vary significantly.
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Frequently Asked Questions (FAQs)
- Q: What is the official launch date of the INIT token?
A: The official TGE date is yet to be announced. - Q: How many INIT tokens are allocated to the airdrop?
A: 50 million INIT tokens (5% of the total supply). - Q: When can eligible users claim their tokens?
A: Within 30 days of the mainnet launch.
Disclaimer: This information is for educational purposes only and does not constitute financial advice. Conduct thorough research before making any investment decisions.