IKAIka (IKA) Price

1. Project introduction

Ika is the first sub-second Multi-Party Computation (MPC) network delivering unmatched scalability with 10,000 signatures per second and hundreds of signer nodes. Built on a zero-trust, non-collusive architecture using the innovative 2PC-MPC protocol and Mysticeti consensus, Ika enables secure, low-latency, decentralized cross-chain interactions. It sets a new benchmark for blockchain interoperability and decentralized custody solutions, coordinated on the Sui blockchain. The IKA token incentivizes participation in threshold signing and consensus, supporting network operations and governance.

2. Team introduction

Refika Bilgic

• Chief Executive Officer
• Lead executive responsible for the overall strategic direction and development of Ika.

Laura Reynolds

• Controller
• Manages financial controls and compliance.

Tonia Molino

• Controller
• Assists in financial management and reporting.

3. Investment institution

Sui Foundation, DCG, Big Brain Holdings, Blockchange, Node Capital, Amplify Partners, Liquid2 Ventures, FalconX, Tykhe Block Ventures, Lightshift, Token Bay Capital, Collider, Zero Knowledge Ventures, NoLimit Holdings, Rubik Ventures, Dispersion Capital, Insignius Capital, Impatient Ventures, Cerulean Ventures, Earl Grey Capital, HDI Ventures, Flowdesk, TPC Ventures, Purechain Capital, Solr DAO, Heroic Ventures, Naval Ravikant, NotVCs, G-20 Group, Artifact Capital, DSRV, Encapsulate, and many more.

4. Token application and distribution

Token application:

The IKA token is used to pay for cryptographic operations within the network, including generating new decentralized wallets, requesting signatures, and resharing wallet shares. It enables staking to secure the network and incentivizes participants engaged in threshold signing and consensus validation. Additionally, IKA supports decentralized governance, allowing token holders to influence protocol changes.

Token distribution:

Over 60% allocated for community purposes.

6% distributed at mainnet launch.

8.25% reserved for ecosystem incentives.

46% allocated to community treasury.

The remainder is allocated to early contributors and backers.