According to ChainCatcher, the Optimism ecosystem decentralized perpetual contract protocol Pika Protocol announced that it will conduct the PIKA token generation event (TGE) at 22:00 on May 23 and end at 22:00 on May 26. PIKA is the utility token of the Pika protocol, which can be pledged to obtain 30% of the platform transaction fees and obtain transaction fee discounts. PIKA is also planned to become the gas token of the future PIKA Chain built on the OP Stack. 19% of the total tokens are used for TGE activities.
The total supply of PIKA is 100 million, and the initial circulating supply is 19 million. 19% of the total tokens are used for TGE activities; 30% are used for future platform rewards to liquidity providers, traders, and PIKA stakeholders (distributed in the form of esPIKA in the next 3 years); 20% are used for growth funds for exchange liquidity, operations, grants, and marketing; 20% are allocated to core contributors and consultants (linearly vested in 2 years); 11% are allocated to retroactive and future airdrops (distributed as esPIKA). (Source link)
