Initia announces airdrop of 50 million INIT tokens, accounting for 5% of total supply

03-31

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PANews reported on March 31st that L1 blockchain Initia announced the distribution of 50,000,000 INIT tokens (5% of total supply) to reward network testers, advocates, and technical users. Airdrop allocation:

• Testnet participants: 44,731,300 INIT, accounting for 89.46%, with 194,294 eligible users.

• Interwoven Stack partners: 2,250,000 INIT, accounting for 4.50%, rewarding active users from LayerZero, IBC, and milkTIA ecosystems.

• Social contributors: 3,018,700 INIT, accounting for 6.04%, including active users on Discord, Telegram, and X/Twitter.

Users can check their Airdrop eligibility at airdrop.initia.xyz and claim the allocation within 30 days after Initia's public mainnet launch. The official explicitly stated that Initia contributors are not eligible for the Airdrop, and their wallets and social accounts have been excluded from the list.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

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