Initia extends token unlock for early investors, team by one year

Modular appchain network Initia (INIT) announced on its official X account that it has postponed the vesting cliff for tokens allocated to early investors, founders, and the team by one year to April 2027. The Initia team explained that the decision was made in gratitude for the long-term faith its backers and contributors have in the project and its token. They added that over the next year, the team will focus on app development and ensuring value accrues to the INIT token.