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

PANews reported on March 31 that L1 blockchain Initia announced it will distribute 50,000,000 INIT tokens (representing 5% of the total supply) as rewards for network testers, advocates and technical users. The airdrop allocation is as follows:

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

• Interwoven Stack partners: 2,250,000 INIT or 4.50%, rewarding active users in the LayerZero、IBC and milkTIA ecosystems.

• Social contributors:3,018,700 INIT or about 6.04%, including active Discord、Telegram and X/Twitter users.

Users can check their airdrop eligibility at airdrop.initia.xyz and claim their distribution within thirty days after the launch of Initia's public mainnet. It has been explicitly stated by officials that contributors to Initia are not eligible for the airdrop; their wallets and social accounts have been excluded from the list.