Layer-1 (L1) blockchain platform Initia unveiled plans to distribute 50 million INIT tokens as part of its upcoming crypto airdrop

This allocation represents approximately 5% of its total supply. The tokens will go toward rewarding early supporters, including testnet participants

Layer-1 (L1) blockchain platform Initia is to distribute 50 million INIT tokens as part of its crypto airdrop. The allocation makes up about 5% of its total supply.

The tokens will go to early supporters, including testnet participants, ecosystem partners, and social contributors.

The majority, or 89.46% (44.7 million INIT tokens), will go to 194,294 users who actively participated in Initia’s part one and two testnets in 2024.

These participants helped to test and improve the network’s infrastructure in preparation for its upcoming mainnet launch.

“After years of building towards blockchain’s inevitable app chain future, testing thoroughly, and cultivating an economy of full-stack apps, Initia is ready to take the final march into the mainnet,” an excerpt from the announcement read.

Those eligible can check their airdrop status, with claims available for 30 days after the main net’s debut.

Beyond testnet users, Initia is allocating 4.5% of the crypto airdrop (2.25 million INIT tokens) to active participants within its partner networks—LayerZero, IBC, and MilkyWay.

This will target users with significant transaction histories, showcasing Initia’s integration with complementary blockchain ecosystems.

Moreover, Initia Foundation is allocating 6% of the airdrop (3 million INIT tokens) to individuals significantly contributing to Initia’s community platforms—Discord, Telegram, and X (formerly Twitter).

This will include roles like Militia Captain, OG, and Initiate of the Week, presenting 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,” Initia added.

This initiative highlights Initia’s commitment to fostering a strong multichain ecosystem by acknowledging those who have contributed to its development.

Meanwhile, data on Cryptorank.io shows that Initia has successfully raised $25 million through four funding rounds.

Among its investors are Theory VC, Delphi Ventures, Hack VC, and YZi Labs (formerly Binance Labs).

While this capital is only a fraction of its $250 million valuation, it will boost Initia’s ability to develop a multichain ecosystem further.

This financial backing positions Initia to realize 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, BeInCrypto reported the three top crypto airdrops for the first week of April.

The report cited Walrus (WAL), a decentralized storage protocol on the Sui blockchain. Walrus launched its mainnet and token generation event (TGE) on March 27.

The project allocated 10% of its 5 billion token supply for community rewards. An additional 4% was distributed during the initial airdrop to early Sui ecosystem users and testnet contributors. The remaining 6% is reserved for future community incentives.

Nansen airdrop is also on the list, with active platform users and data contributors likely eligible to receive tokens. Similarly, OG Labs confirmed an airdrop for testnet participants.

As BeInCrypto indicated, eligibility criteria include completing at least 20 transactions and active community engagement. These airdrops present opportunities for crypto enthusiasts to engage with emerging projects and potentially benefit from their growth.

However, to ensure legitimacy and safety, participants should perform comprehensive research and exercise caution when interacting with airdrop campaigns.