FDV vs unlock schedule
Green line = realised FDV (close × total supply, since TGE). Amber bars from x-axis = cumulative supply unlocked (right axis, 0-100%). Future price unknown — line stops at "today"; bars continue forward.
Allocation & vesting
Per-bucket share of the 1.00B fixed supply, with cliff and vesting curve.
| bucket | % of supply | tokens | TGE % | cliff | vesting |
|---|---|---|---|---|---|
| VIP Program emissions ⚠ Block-by-block ~7%/yr emissions over ~14yrs | 25% | 250.0M | 0% | — | Continuous block emission |
| Staking & Liquidity ⚠ Block-by-block ~5%/yr emissions over ~20yrs | 25% | 250.0M | 0% | — | Continuous block emission |
| Investors ⚠ Seed + Series A backers | 15.25% | 152.5M | 0% | 12M | 12mo cliff + 36m linear |
| Contributors (Team) ⚠ Core team + protocol developers | 15% | 150.0M | 0% | 12M | 12mo cliff + 36m linear |
| Foundation ⚠ ~26% TGE + 6mo tranches over 48mo | 5.25% | 52.5M | 26.3% | — | TGE + 6mo tranches |
| Airdrop ⚠ Fully unlocked at TGE | 5% | 50.0M | 100% | — | TGE 100% |
| Binance Launchpool ⚠ Apr 18-23 farming | 3% | 30.0M | 100% | — | TGE 100% |
| Binance Marketing ⚠ HODLer airdrops + marketing | 3% | 30.0M | 100% | — | TGE 100% |
| Liquidity ⚠ Exchange + DEX liquidity | 2.5% | 25.0M | 100% | — | TGE 100% |
| Echo Community Sale ⚠ 4 equal tranches at month 12/15/18/24 | 1% | 10.0M | 0% | 12M | Quarterly tranches |
Cumulative supply unlock
Per project tokenomics. Each row is a checkpoint.
Key dates
Past + upcoming events. Severity rail on the left.
- Apr 18, 2025past
Binance Launchpool opens
BNB/FDUSD/USDC locking. 30M INIT (3%) distributed over 6 days.
- Apr 24, 2025past
TGE + Binance spot listing
~148.75M INIT (14.88%) in circulation. Airdrop + Launchpool + Marketing + Liquidity all unlocked at TGE.
- May 13, 2025past
All-time high $1.43
Peak FDV ~$1.43B, 19 days post-launch.
- Apr 24, 2026past
🔥🔥 Year-1 cliff (critical)
Investors (152.5M) + Contributors (150M) cliffs expire. ~75.6M INIT (7.6% of supply) unlocks in one day, then linear over 36 months.
- Apr 24, 2026past
Echo Sale tranche 1 (T+12mo)
2.5M INIT (25% of 10M Echo) unlocks.
- Jul 24, 2026
Echo Sale tranche 2
2.5M INIT unlocks.
- Oct 24, 2026
Echo Sale tranche 3
2.5M INIT unlocks.
- Apr 24, 2027
Echo Sale tranche 4 (final)
Final 2.5M INIT; Echo allocation fully vested.
- Apr 24, 2027
Investors + Contributors finish linear
Last of the 36mo linear tail from the 2026 cliff.
- Apr 24, 2029
Foundation fully vested
Final 6mo tranche; ~92% of total supply circulating.
- Apr 24, 2045
VIP emission ends — 100% circulation
Final block-emission tokens emit; total supply fully circulating.
Notable — Apr 24, 2026
Year-1 cliff is the whole story
- ~75.6M INIT (7.6% of total supply) hits the market in a single day — 25% of the combined Investor (152.5M) + Contributor (150M) allocations come off their 12-month cliff.
- Circulating jumps from ~19.5% to ~27% overnight, then drips ~8.4M INIT every month for the next 36 months.
- Foundation (already 26% unlocked at TGE) drips predictably on 6-month tranches through 2029.
- VIP + Enshrined Liquidity (50% combined) is block-by-block emission stretching to 2039-2045 — slow & predictable, not the cliff risk.
Funding history
| round | closed | raised | price |
|---|---|---|---|
| Seed (Delphi + Hack VC) | Feb 27, 2024 | $8M | — |
| Series A (Theory Vent.) | Sep 25, 2024 | $14M | — |
| Echo Community Sale | Apr 1, 2025 | — | — |
Known data gaps
- Echo.xyz community sale price per INIT not publicly disclosed.
- Seed and Series A token prices never officially announced.
- Foundation TGE %: docs say 50% upfront; Dropstab/Tokenomist say 26.3%. Using aggregator number.
- Exact final linear-vest tick depends on chain emission schedule.
Sources
- Initia Docs — Tokenomics— Official allocation + cliffs/vesting
- Tokenomist — Initia— Circulating 195M (19.54%), FDV $105M
- Dropstab — Initia Vesting— Per-bucket schedule; Foundation 26.3% TGE; Echo 4 quarterly tranches
- Binance — INIT Launchpool announcement— Launchpool Apr 18-23, listing Apr 24 11:00 UTC
- TechCrunch — $7.5M seed— Seed Feb 27 2024
- CoinGecko — Initia— ATH $1.43 (2025-05-13)