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Pika Protocol is all set to launch its token PIKA
While most of the spotlight in the past has been on GMX, derivative protocols like Kwenta & Pika on Optimism have been slowly innovating and building to offer a great trading experience
It's time we visit @PikaProtocol 🔥
🚀 Supercharge your crypto trading with Pika 💰
- Get up to 100x leverage
- Seamless token swaps
- Low gas fees (Optimism)
- Low slippage
@PikaProtocol goes beyond Web3, tapping into non-Web3 assets
HOLA forex pairs👋
/1
💡More about Pika
- First perpetual swap exchange on Optimism in beta (2021)
- Been in development for over 2 years (Pika v0 to Pika v3)
- Community-driven project
- ZERO VC involvement
- 280K+ users, $15M TVL, and $1.5B trading volume! 🌐💪
/2
🌟Introducing PIKA - the utility token of the Protocol🌟
Stake PIKA
- to access 30% of platform trading fees
- to get trading fee discounts
That's not all... PIKA is also set to become the gas token of the future PIKA Chain on OP Stack!
/3
esPIKA - Escrow PIKA
- Non-transferable token
- Can be vested for 1 year to unlock PIKA
- 🔒 90% fee for vesting PIKA (linearly decaying to 0)
- After 1 year, esPIKA will be converted to PIKA at 1:1 ratio
/4
💰 Supply breakdown
• TGE 19% (19m) of total supply (100m)
• Platform rewards 30% (esPIKA over 3 years)
• Growth fund 20% (liquidity, operations, grants, etc.)
• Core contributors & advisors 20% (🔒linearly over 2 years)
• Retroactive & future airdrops 11% (esPIKA)
/5
💥 TGE on May 23 @ 14:00 UTC💥
📅 May 23 to May 26
⏰ 4 days
⛓️ Optimism
💰 Accepted deposit: ETH
🔒 100% unlocked tokens
🎁 Whitelist phase, public phase, and claim phase!
📣✨ Spread the word and earn a 2% ETH bonus on referrals!
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Take note
- There is NO VESTING period!
100% unlocked, ensuring instant access to the benefits
- Token liquidity matters! 700 ETH raised will be added to Uniswap to boost PIKA liquidity
- Ungenerated tokens will go to the treasury growth fund for future liquidity purposes
/7
🔮 Pika Future Plans (next 18 months)
- Pika v4 launching next month!
- NFT perp exchange
- Pika v5
- Launch of Pika Chain on OP Stack
Stay tuned for more updates on these advancements! 💥
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Twitter: @PikaProtocol
Discord discord.gg/R4CG94ZVYm