Initia

Overview

INITIA is the native asset of the Initia blockchain. It utilizes:

Account model
EcDSA signature algorithm

Initia is a Layer 1 blockchain focused on "Interwoven Rollups" (app-specific L2s called Minitias). It uses Cosmos SDK with MoveVM integration and employs a modified PoS consensus algorithm called "Enshrined Liquidity".

Explorer

https://scan.initia.xyz/

Wallets Types

BitGo enables holding Initia in the following wallet types:

	Multisig Cold	Multisig Hot	MPC Cold	MPC Hot
Custodial	❌	❌	✅	❌
Self Managed	❌	❌	✅	✅

Ticker Symbols

Mainnet	Testnet
initia	tinitia

Faucet

Testnet tinitia coins can be requested from the Initia faucet.

Units

INIT is divisible by 10^-6 and the base unit is a UINIT:

1 init = 1,000,000 uinit
1 uinit = 0.000001 init

Initia balances can be in either integer or string format. However, BitGo recommends using string format to ensure values don't exceed the programmable number limit.

Tokens

The Initia blockchain doesn't natively support tokens.

Fees

Initia has the following fees:

Minimum fee = 0.03 INIT
Default fee rate = 0.03 INIT

Address Format

Initia addresses follow the format: init1<38-character-bech32-body>. All addresses are exactly 43 characters in length and begin with the fixed prefix init1. This format adheres to the following regular expression:

/^(init)1(['qpzry9x8gf2tvdw0s3jn54khce6mua7l]{38})$/

Memo ID Support

Optionally, a ?memoId=<n> query parameter can be appended to the address for use cases such as identifying transaction metadata. Here, <n> can be any integer.
Using memoId-based addressing eliminates the need to generate multiple deposit addresses per user. A single static address can be reused safely across users and use cases, with the memoId serving as the unique identifier.
Since Initia uses memoId-based receive addresses, manual consolidation is not required.

Create Wallet

    export BITGO_EXPRESS_HOST="<YOUR_LOCALHOST>"
    export COIN="tinitia"
    export ACCESS_TOKEN="<YOUR_ACCESS_TOKEN>"
      export LABEL="<DESIRED_WALLET_NAME>"
        export PASSPHRASE="<YOUR_BITGO_LOGIN_PASSPHRASE>"
          export ENTERPRISE_ID="<YOUR_ENTERPRISE_ID>"

            curl -X POST \
            http://$BITGO_EXPRESS_HOST/api/v2/$COIN/wallet/generate \
            -H 'Content-Type: application/json' \
            -H "Authorization: Bearer $ACCESS_TOKEN" \
            -d '{
              "label": "'"$LABEL"'",
              "passphrase": "'"$PASSPHRASE"'",
              "enterprise": "'"$ENTERPRISE_ID"'",
              "disableTransactionNotifications": true,
              "disableKRSEmail": true
            }'

    const { BitGo } = require('bitgo');

    const accessToken = '<YOUR_ACCESS_TOKEN>';

    // Initialize the SDK
    const bitgo = new BitGo({
      accessToken: accessToken,
      env: 'test',
    });

    // Generate hot wallet
    async function createHotWalletSimple() {
      const newWallet = await bitgo.coin('tinitia').wallets().generateWallet({
      label: '<DESIRED_WALLET_NAME>',
      passphrase: '<YOUR_BITGO_LOGIN_PASSWORD>',
    });

      console.log(JSON.stringify(newWallet, undefined, 2));
    }

Create Address

    export COIN="tinitia"
    export WALLET_ID="<YOUR_WALLET_ID>"
    export ACCESS_TOKEN="<YOUR_ACCESS_TOKEN>"

      curl -X POST \
      https://app.bitgo-test.com/api/v2/$COIN/wallet/$WALLET_ID/address \
      -H 'Content-Type: application/json' \
      -H "Authorization: Bearer $ACCESS_TOKEN"

    const { BitGo } = require('bitgo');
    const accessToken = '<YOUR_ACCESS_TOKEN>';

    // Initialize the SDK
    const bitgo = new BitGo({
      accessToken: accessToken,
      env: 'custom',
      customRootURI: 'https://app.bitgo.com',
    });

    // Create address
    const wallet = await bitgo.coin('tinitia').wallets().generateWallet({
      label: '<DESIRED_WALLET_NAME>',
      passphrase: '<YOUR_BITGO_LOGIN_PASSPHRASE>',
    });

    const address = await wallet.createAddress(
    );

    // Print address details
    console.log(JSON.stringify(address, undefined, 2));

Estimate Fee

    export COIN="tinitia"
    export ACCESS_TOKEN="<YOUR_ACCESS_TOKEN>"

    curl -X GET \
    https://app.bitgo-test.com/api/v2/$COIN/tx/fee \
    -H 'Content-Type: application/json' \
    -H "Authorization: Bearer $ACCESS_TOKEN"

    const BitGoJS = require('../../../src/index.js');
    const bitgo = new BitGoJS.BitGo({ env: 'test' });
    const accessToken = '<YOUR_ACCESS_TOKEN>';
    const coin = 'tinitia';
    async function getFeeEstimate() {
      try {
        await bitgo.authenticateWithAccessToken({ accessToken });
        const res = await bitgo.coin(coin).feeEstimate({ numBlocks: 2 });
        console.dir(res);
      } catch (err) {
        console.error('Error fetching fee estimate:', err);
      }
    }
    getFeeEstimate();

Transact

    export BITGO_EXPRESS_HOST="<YOUR_LOCALHOST>"
    export COIN="tinitia"
    export WALLET_ID="<YOUR_WALLET_ID>"
      export ACCESS_TOKEN="<YOUR_ACCESS_TOKEN>"
        export ADDRESS="<DESTINATION_ADDRESS>"
          export AMOUNT="<AMOUNT_IN_BASE_UNITS>"
            export WALLET_PASSPHRASE="<YOUR_WALLET_PASSPHRASE>"

              curl -X POST \
              http://$BITGO_EXPRESS_HOST/api/v2/$COIN/wallet/$WALLET_ID/sendcoins \
              -H 'Content-Type: application/json' \
              -H "Authorization: Bearer $ACCESS_TOKEN" \
              -d '{
                "address": "'"$ADDRESS"'",
                "amount": "'"$AMOUNT"'",
                "walletPassphrase": "'"$WALLET_PASSPHRASE"'"
              }'

    export BITGO_EXPRESS_HOST="<YOUR_LOCALHOST>"
    export COIN="tinitia"
    export WALLET_ID="<YOUR_WALLET_ID>"
      export ACCESS_TOKEN="<YOUR_ACCESS_TOKEN>"
        export ADDRESS_1="<DESTINATION_ADDRESS_1>"
          export ADDRESS_2="<DESTINATION_ADDRESS_2>"
            export AMOUNT_1="<AMOUNT_1_IN_BASE_UNITS>"
              export AMOUNT_2="<AMOUNT_2_IN_BASE_UNITS>"
                export WALLET_PASSPHRASE="<YOUR_WALLET_PASSPHRASE>"

                  curl -X POST \
                  http://$BITGO_EXPRESS_HOST/api/v2/$COIN/wallet/$WALLET_ID/sendmany \
                  -H 'Content-Type: application/json' \
                  -H "Authorization: Bearer $ACCESS_TOKEN" \
                  -d '{
                    "recipients": [
                  {
                    "address": "'"$ADDRESS_1"'",
                    "amount": "'"$AMOUNT_1"'"
                  },
                  {
                    "address": "'"$ADDRESS_2"'",
                    "amount": "'"$AMOUNT_2"'"
                  }
                    ],
                    "walletPassphrase": "'"$WALLET_PASSPHRASE"'"
                  }'

    const tx = await fundedWallet.send({
    address: `<DESTINATION_ADDRESS>`,
    amount: `<AMOUNT>`,
    walletPassphrase: process.env.PASSWORD as string,
  });

    let params = {
    recipients: [
  {
    amount: "<AMOUNT_1>",
    address: "<DESTINATION_ADDRESS_1>",
  },
  {
    amount: "<AMOUNT_2>",
    address: "<DESTINATION_ADDRESS_2>",
  },
    ],
    walletPassphrase: "<YOUR_WALLET_PASSPHRASE>",
  };
    wallet.sendMany(params).then(function (transaction) {
    // Print transaction details
    console.dir(transaction);
  });