Gate News Bot news, July 3rd, according to CoinMarketCap data, as of the time of writing, INIT (Initia) is currently priced at $0.48, rising 20.56% in the last 24 hours, with a high of $0.49 and a low of $0.39. The current market capitalization is approximately $71.8 million, an increase of about $1.23 million compared to yesterday. Initia is a multi-chain ecosystem designed to unite full-stack applications and unlock value through interconnected infrastructure and coordinated economic models. The project offers a "paradise-like" environment for developers to build and users to participate. Initia's ecosystem includes multiple interconnected applications and services, emphasizing its concepts of "interwoven stack" and "interwoven economy." Recent important news about INIT: 1️⃣ **Initia Mainnet Officially Launched

The Initia Foundation announced that the "Inflation Correction and Stake Exit Subsidy Program" has ended, and positions that have canceled their stake will no longer receive subsidies. The subsidies will be distributed in 2025, aiming to correct the issue of excessively high inflation rates and compensate affected users for their stake income losses.

BlockBeats news, on April 21, the full-chain Rollup L1 network Initia announced its tokenomics. The total supply of Initia's native token INIT is fixed at 1 billion, of which 5% is allocated for airdrop. In addition, the foundation accounts for 7.75%, protocol developers account for 15%, and protocol sales account for 15.25%.

The Initia Foundation has released a governance proposal to amend the annual release rate of INIT to address the issue of high inflation. The proposal suggests adjusting the annual total supply to 1.25%. The foundation has proposed a subsidy plan to compensate users affected by Proposal 39. Users can claim the subsidy without lock-up position requirements before July 7. On-chain voting will begin on May 26 and will be executed or rejected on June 2. It is recommended to vote against to maintain the credibility of community governance.

Odaily News Initia announced on the X platform that there are eight days left until the airdrop claim deadline. So far, 93% of the airdrop tokens have been claimed, but there are still about 3.4 million INIT tokens waiting to be claimed.

Gate.io announces the INIT Airdrop event, which will take place from April 25 to May 2. Users can share 342,856 INIT worth approximately 300,000 USDT by participating in trading and inviting friends. The participation threshold is low; users can win rewards by reaching 200 USDT in spot trading or 1,000 USDT in Futures Trading. Both new and old users can participate, and an individual can receive up to 255 USDT in INIT.

According to ChainCatcher news and on-chain analyst Lookonchain's monitoring, an investor went long on INIT with 2x leverage at an average price of $0.638 15 hours ago, with unrealized gains exceeding $630,000.

PANews, April 25 news, according to Lookonchain monitoring, an investor went long INIT with 2x leverage 15 hours ago, with an average purchase price of $0.638. The unrealized profit has exceeded $630,000.

According to the Gate.io News bot, market data shows that an investor went long on the $INIT Token with an average price of $0.638 using 2x leverage 15 hours ago. As of now, the investor's unrealized gains have exceeded $630,000.

Odaily News Embr Labs announced that its Mainnet has been launched on Initia, utilizing Celestia as the underlying technology. The "Chains of Chaos" it launched is a strategy game where Tokens can compete for Liquidity.

The Meme AppChain Embr.fun built by Initia has completed a $1.8 million financing round, led by Robot Ventures and Lattice. Embr.fun aims to promote the next generation of Meme development, providing innovative and fun gameplay, built by Embr Labs and supported by the Initia Interwoven Stack.

ChainCatcher news, the Meme Token full-stack application Embr has completed a $1.75 million funding round, with participation from Lattice Fund, Robot Ventures, and TempleDAO. It is reported that Embr is the 6th protocol to receive funding in Initia's Interwoven Economy. The funding amount for projects built on Initia's Interwoven Stack has exceeded that of Initia itself.

According to ChainCatcher news, JuCoin will launch INIT (Initia) on April 24, 2025, at 20:00 (UTC+8), and the INIT/USDT trading pair will be available. At the same time, the Holdings JU will participate in a 5,000 INIT Airdrop event.