The Initia airdrop details are finally out, grabbing all investors’ attention for the upcoming INIT token launch. In the cryptocurrency world, airdrops are pretty popular, where users or participants earn free cryptos in return for interaction with the platform and simple tasks. At the same time, it builds a community for the project. The Initia TGE event is just a few weeks away. Before that, let’s discuss the key details, including the potential INIT price at launch.
Initia Airdrop Listing Date & Other Details
Initia is a leading blockchain project and is soon launching a mainnet network. Presently, it’s working toward building a multichain ecosystem. Interestingly, even before the mainnet went live, the platform has confirmed the Initia airdrop, promising 50M INIT token distributions.
The 50M equals 5% of its token supply (1 billion). Nearly 90% or 44.7M tokens are allotted to Initia’s 2024 testnet campaigns, where 194,294 users are eligible.
In addition, the tokenomic reveal the 4.5% (2,250,000 token) allocation to the Interwoven Stack Partners, 1.5% to LayerZero users, 1.5% from IBC users, 1.5% for milkTIA holders, 6.04% (3,018,700) for the social contributors, 1% for Discord users and the remaining few for social media engagements.
Interestingly, there’s a 30-day claim period, meaning users can only claim their tokens 30 days after the Initia’s mainnet launch. Additionally, 25% of the supply is part of the Vested Interest Program, which means it’s allocated for long-term rewards.
Amid this, the hype around the INIT token price is rising.
How to Check & Claim the Initia Airdrop?
According to the official announcements, users with Jennies NFT (Level 3 or higher), Jennie NFT with at least 2 of the five attainable stickers, Top 2,000 milkTIA holders, LayerZero, and IBC, Social Contributors, and more are eligible to receive the Initia airdrop.
The allocation has already been made live, and users can check their allocations by visiting the airdrop.initia.xyz. As there are various categories, users must check their eligibility across all categories. The eligible users will find their allocations displayed.
The next step is claiming the INIT airdrop. Once the mainnet goes live, the users must revisit the airdrop page, connect their wallets, and claim these INIT tokens to benefit from the price performance.
It is essential to note that the users must pay small gas fees to complete the transaction and claim these tokens. More importantly, these must be claimed within 30 days of the mainnet launch; otherwise, these will be forfeited.
What Will be INIT Token Price at Launch?
The INIT token price is debatable as it depends on various parameters, including investor hype, top crypto exchange listings, and more. For now, there’s high uncertainty around the Initia token generation and the airdrop listing date, so the price may vary.
Interestingly, analysts anticipated it to come around $0.50, considering the project’s $250M valuation and its 1 billion supply.
However, this is just an anticipation. The official launch price may vary significantly and depends on various factors. For now, the investors can focus on the airdrop claims and active participation to ensure the best outcome. There are also many other famous crypto airdrops due this month; check them out as well. Stay connected for further updates.
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