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

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

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

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

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

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