Initia Binance price

Thanks to @Minity_xyz, we can take a sneak peek at the VIP whales' tactics. Here are some positions of @EchelonMarket, @Inertia_fi, and @milky_way_zone whales. Echelon #1 Whale Positions Inertia #1 Whale Positions MilkyWay #1 Whale LST Holdings

$INIT - I think this pulls a $MATIC 2021 style move. 80M market cap with 80M 24HR volume? Cheap L1 thesis

$INIT Surely this puts in a bottom here

$275k in rewards every 14 days. That's $7.1M in rewards every year. For the next 20 years. All thanks to @initia's VIP. Highly inspired by Curve's gauge but instead of liquidity pools, VIP rewards organic usage of the Interwoven Rollups on Initia. Here's a breakdown of how it works: 1️⃣ The Gauge Vote. Every 2 weeks, there's a vote. Anyone with voting power votes for rollups listed on VIP. At the end of the cycle, 80% of the pool is distributed proportionally to votes received. 2️⃣ How to acquire voting power? Simple: stake INIT. Either vanilla staking or in an INIT/USDC LP through Enshrined Liquidity. Every staked INIT = voting power. Want more influence? Lock your staked position! The longer you lock, the more your influence. 3️⃣ The bribing games 🌶️ @CabalVIP makes it spicier: rollups can bribe Cabal's collective voting power to boost their VIP rewards!! The bribes are passed on to Cabal depositors every cycle (pretty sweet APYs so far) 4️⃣ The reward pool 80% of the pool is decided on votes. The other 20%? INIT TVL! This portion is allocated based on INIT TVL on rollups. The more INIT a rollup houses, the more rewards for their users. This encourages the rollups to build productive and interesting use-cases focused on INIT. 5️⃣ Your slice of the pie Now you know how rollups get their allocation. But how do individual users get paid? Each rollup decides this themselves. VIP allocates the rollups to tokens, but it's up to each rollup to design their scoring system and reward the right actions. Here's how it works: 1. Rollups post their scoring criteria on the Initia forum. 2. At cycle end, they assign each user a score based on that criteria. 3. Your rewards = (your score ÷ total rollup scores) × rollup's allocation Example: If you score 100 points and the rollup issued 1,000 total points, you get 10% of whatever that rollup received from the 275k pool. This means each rollup has a firehose of incentives through VIP but it's on them to use this wisely and incentivise what's best for their app & users. 6️⃣ How do users get paid? All VIP rewards are distributed on the Initia L1 as esINIT, a conditionally vesting version of INIT. esINIT unlocks 1/26th every 2 weeks over a year. But here's the catch - you only vest your full rewards if you maintain at least half your original score in subsequent cycles. Alternatively, you can lock your esINIT into INIT-USDC LP for a minimum of 1 year. This guarantees your full allocation but locks it entirely for a year. Essentially: cliff vest vs conditional vest, plus you earn solid liquid APR while locked. Stay active to earn gradually, or lock up for guaranteed rewards + yield. --- Bottom line: Use @initia. Be productive in the Interwoven Economy, get rewarded for it. It pays to be early.