INIT: Governance Rights and Staking Rewards

INIT is the native governance token of the Inite protocol with a maximum supply capped at 1,000,000,000 tokens, serving as the means through which stakeholders can participate in decision-making and share in the protocol's success. INIT is designed to align the incentives of all participants, from innovators and developers to investors and partners, around the long-term growth and sustainability of the ecosystem.

Key functions of INIT include:

- Governance: INIT holders can propose and vote on protocol upgrades, parameter changes, resource allocation, and other key decisions. The weight of each vote is proportional to the amount of INIT held, ensuring that those with the most skin in the game have the most say.

- Staking: INIT can be staked to secure the network and earn a portion of the protocol's revenue. Stakers help to validate transactions, store data, and provide computational resources to the network, and in return, they receive a percentage of the fees generated by the protocol.

- Collateral: INIT can be used as collateral for various financial activities within the Inite ecosystem, such as taking out loans, insuring against infringement claims, or creating derivative products.

The supply of INIT is fixed and will be distributed over time to contributors, partners, and investors according to a predefined schedule. A portion of the supply will also be allocated to a community treasury, which will be governed by INIT holders and used to fund ecosystem development, marketing efforts, and other strategic initiatives.

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