INIT (Initia) rose 38.74% in 24 hours

Gate News Bot News, July 11th, according to CoinMarketCap, as of the time of writing, INIT (Initia) is currently priced at 0.51 USD, with a rise of 38.74% in the last 24 hours, peaking at 0.51 USD and dropping to a low of 0.34 USD. The current market capitalization is approximately 81.2 million USD, an increase of 22.7 million USD compared to yesterday.

Initia is a multi-chain ecosystem designed to connect full-stack applications and unlock value through interconnected infrastructure and coordinated economic models. The project provides a “paradise”-like environment, offering opportunities for developers and users to build and utilize. The core concepts of Initia include “interwoven stack” and “interwoven economy,” emphasizing the close connections between the various parts of the system.

INIT Recent Important News:

1️⃣ Initia Foundation Launches Unstaking Subsidy Program The Initia Foundation recently launched the “Unstaking Subsidy Program” and has opened the application window. This program provides partial subsidies for eligible users who unstake between 6:00 AM UTC on June 2 and 6:00 AM UTC on June 23, due to missed staking rewards. This initiative demonstrates Initia’s commitment to user rights and helps to enhance community confidence.

2️⃣ Subsidy application window set with clear deadlines The application window for the release of the pledge subsidy plan will be open until 12:00 noon UTC on August 3. Setting a clear application deadline is beneficial for project management and user participation, and it may also stimulate the demand and liquidity of INIT tokens in the short term.

3️⃣ The project continues to optimize the ecological incentive mechanism By launching a subsidy program, Initia has demonstrated its efforts to continuously optimize the ecosystem incentive mechanism. This user-friendly policy helps attract more participants, potentially providing support for the price of the INIT token.

The recent strong rise of the INIT token may be partly attributed to the positive impact of this user incentive program. However, investors still need to closely monitor the long-term development of the project and the overall trends in the cryptocurrency market to assess future price movements.

This message does not constitute investment advice; investors should be aware of market volatility risks.