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Ika

Category: Infrastructure

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Overview

Total XP Rewards

100

Estimated Rewards

$25M

Funding

$21M

Current Stage

Season 0

Total value locked

-

Unique Users

-

Chains

chain image

Phase

Mainnet

Structure

Droplets based

Gas

Yes

Grade

A

Tasks

0/5

TGE

Q2-2025

Type

Infrastructure

Confirmed

Yes

Date

29 days ago

Introduction

  • Ika is a hyper-scalable, ultra-fast MPC network built on Sui that enables secure, real-time cross-chain interactions. 
  • It allows smart contracts to control assets across any blockchain without bridges, using programmable dWallets and zero-trust security.

Tasks

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Fundamentals

  • Ultra-Fast Signing: Handles 10,000+ signatures/sec with sub-second latency, ideal for real-time multi-chain apps.
  • Highly Scalable Nodes: Supports hundreds to thousands of signers, ensuring decentralization without speed loss.
  • Zero-Trust Security: Users co-sign every transaction; no single party ever holds full control of keys.
  • Native Cross-Chain: Enables secure asset movement across chains without bridges, wrappers, or intermediaries.
  • Easy Key Management: Users encrypt key shares on-chain with one auth key, enhancing usability and privacy.
  • Multi-Use Cases: Powers chain abstraction, programmable custody, cross-chain staking, and AI agent guardrails.
  • Mysticeti Consensus: Leverages Sui’s DAG-based protocol for reliable, low-latency decentralized coordination.

Potential Rewards

  • Ika is a decentralized MPC protocol on Sui enabling secure, real-time cross-chain asset control with dWallets.
  • Its native token, IKA, has a total supply of 10 billion, with 50% for the community and 6% reserved for airdrops.
  • IKA is used for paying fees, staking for security rewards, and participating in governance decisions.
  • Ika's airdrop uses "Ink Droplets," a points system that users earn by staking SUI, confirming transactions, or minting NFTs on the platform.
  • These Droplets will likely be converted into IKA tokens at the Token Generation Event (TGE).

Investors

  • Sui Foundation
  • Digital Currency Group
  • Node Capital
  • Lemiswap

Non-Financial Advice

  • Research:  Explore project's documentation, audits, and community.
  • Understand risks:  DeFi has vulnerabilities, market volatility, and token fluctuation.
  • Invest wisely:  Only invest what you can afford to lose.
  • Beware of scams:  Don't trust unsolicited outreach or guaranteed returns.

*ANZALI only provides suggestions and not financial advice. Use all of the information above at your own risk.

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