How to Stake INITIA with Simply Staking
In this INITIA Staking Guide you will learn how to stake INITIA (INIT) really easy with Simply Staking.
What is INITIA
The Interwoven Stack for a Connected Blockchain World
Initia is a next-generation blockchain platform that combines a robust Layer 1 blockchain with a network of customizable Layer 2 rollups, aiming to simplify and accelerate the development of decentralized applications (dApps) and blockchains. Built with the Cosmos SDK, Initia’s Layer 1 (L1) acts as the foundational coordination and liquidity hub, offering core services like security, governance, and cross-chain communication. On top of this base, developers can deploy “Interwoven Rollups”-highly flexible Layer 2 chains tailored for specific applications, which benefit from the security and liquidity of the underlying L1 while remaining fully customizable in terms of virtual machine (EVM, MoveVM, WasmVM), gas token, and transaction logic.
To understand more about Initia, we have published an Introductory Article! Click on the image below to take you directly to the article!
(link is https://simplystaking.com/introducing-initia-a-network-for-interwoven-rollups – add to the image and remove this text)
The INIT token serves as the native cryptocurrency for Initia and fulfils several essential functions:
- Transaction Fees
- Governance
- Staking and Staking Rewards
Currently, the APR on NEAR is roughly 9%
How to Buy INIT Tokens
Before you can stake INIT, you’ll need to acquire the tokens. Here’s where and how:
Using Binance:
A straightforward way to acquire INIT is through our Binance link, where you’ll receive a USD 600 welcome offer towards trading fees (terms & conditions apply). Navigate to the “Markets” section and search for INIT. Once you’ve located the INIT, purchase the amount you desire.
After buying INIT, transfer it off the exchange by following these steps:
- Navigate to the “Wallet” section in Binance.
- Select “Withdraw” and choose INIT as the token.
- Enter your Initia wallet address (which can be found easily on wallets such as Keplr)
- Set the withdrawal amount and confirm the transaction.
Congrats! Now you should have some INIT in your wallet and are ready to interact with the Initia ecosystem, including staking!
Staking INIT with Simply Staking
We have developed a non-custodial Staking Interface to allow users to stake their INIT tokens with our trusted and verified AAA-rated Validator.
- Access the Staking Dashboard – Visit the Simply Staking Interface
- Link Your Wallet – Click on the ‘Connect Wallet’ button to get started. This will allow our Interface to query your wallet data. We have integrations with Keplr to stake your tokens with no risk. All interactions on our dashboard go through Keplr.
- Input your Desired Stake – Specify the quantity of Initia (INIT) tokens you wish to delegate.
- Click Stake and Sign the Transaction – Ensure that all the data is correct and sign via your Keplr Wallet.
Staking complete! Enjoy 27% + APR with our Simply Staking Validator, which ensures optimal uptime, low commissions, and peace of mind!
About Simply Staking
We are a Blockchain Services Provider that operates Validators and Nodes on over 40 Networks with over $1 Billion in Assets Staked. Our journey started in 2018, with Simply entering the Cosmos Hub Testnets, and have now expanded our operations to most major ecosystems, including networks such as LIDO, EigenLayer, Oasis Network, Cosmos Hub, Polkadot, and many more, all while being an Oracle Operator on Chainlink.
We offer additional services such as Nodes-As-A-Service (RPCs) through ‘Spectrum’, Blockchain Development work, Tooling, Governance Services, as well as Blockchain Consultancy Services.
More Information on our offerings can be found on our website.
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This article is provided for informational purposes only and is not intended as investment advice. Investing in cryptocurrencies carries significant risks and is highly speculative. The opinions and analyses presented do not reflect the official stance of any company or entity. We strongly advise consulting with a qualified financial professional before making any investment decisions. The author and publisher assume no liability for any actions taken based on the content of this article. Always conduct your own due diligence before investing.
