💥What is INIT token? Layer 1 on Cosmos Initia

🎊 Initia is a new generation project focusing on implementing a highly interactive modular rollups system on Cosmos. Initia marks the first integration of the Move smart contract language compatible with Cosmos' IBC (Inter-Blockchain Communication) protocol.

⏰Initia promises to open a new space for developers to build Dapps and blockchain ecosystems on Cosmos. The project successfully raised 7.5 million USD.

x The project announces the deployment of Initia's Public Testnet for the community to experience the platform's features. Initia's testnet is an eight-week adventure before the mainnet launch later in the year.

🎉 Initia is built focusing on the modular blockchain model with advantages such as:

✔️Enhanced execution ability
✔️Ensure data availability and security
✔️Maintain security and decentralization
✔️Easy to expand the ecosystem

☀️Some key products the project is developing include:

🔝Minitia: Layer 2 of Initia.
🔝Omnitia Shared Security: Secure and scale Minitia through fraud proof verification system Omnitia Shared Security.
🔝Ultra Performance: Block time at 500ms and transaction capacity of more than 10,000 TPS, increasing the power of applications.
🔝Multi-VM: Apply supported virtual machines such as Move, Solidity, CosmWasm to create an operating environment for smart contracts.
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