Tokenomics

The INI token is the native token of InitVerse and can also be regarded as an ecosystem token or governance token. The total supply of INI tokens is capped at 6 billion (6,000,000,000), with all tokens generated through block production to incentivize participants and maintain network security. Becoming a node and contributing to network maintenance is a permissionless process open to anyone with the appropriate equipment. This distribution strategy ensures that the INI token supports platform growth, rewards participants, and maintains ecosystem stability.

Although there is no pre-mining or reserved tokens for the community, the official team retains a mining address to support community development. All tokens mined through this address will be fully allocated for community building and airdrops. InitVerse team will gradually withdraw from its leadership role for INIChain, transferring governance entirely to the community (or foundation). The management of subsequent mining rewards will be handled by the community or foundation, with both parties jointly deciding on the specific allocation and use of the rewards. Through this process, InitVerse team progressively delegates authority to the community, enhancing the community's autonomy and governance capabilities, and accelerating the ecosystem's transition toward greater decentralization and sustainability. This strategy not only helps to support community autonomy but also further reinforces the openness and long-term sustainability of the INI ecosystem, ensuring that every participant can benefit fairly in a decentralized network. Additionally, the transaction fees from the official mining pool will be allocated as extra rewards for the community, further driving ecosystem growth.

The token issuance follows a weekly halving mechanism, with each halving cycle comprising approximately 20,160 blocks. The initial block reward is set at 729.166665 INI, allowing about 12% of the total supply to be mined in the first year. By the fifth year, half of the tokens will be mined, and the total supply is expected to be fully mined within approximately 40 years. This model balances early token circulation with long-term supply, ensuring that the mining process aligns with community growth and establishing a robust and sustainable economic foundation for INI.