Optimism Eco-Project Pika Protocol to Launch Token this Month

Pika Protocol, the decentralized perpetual contracting protocol of the Optimism ecosystem, has announced a PIKA Token Generation Event (TGE) on May 23rd at 22:00, ending on May 26th at 22:00. PIKA is the utility token of the Pika Protocol and can be pledged for a 30% platform transaction fee and a discount on transaction fees. PIKA is also planned to be the Gas token of the future PIKA Chain built on the OP Stack. 19% of the total token volume is used for TGE activities. 

The total supply of PIKA is 100 million, with an initial recurring supply of 19 million. 19% of the total token volume is used for TGE activities; 30% for future platform rewards for liquidity providers, traders and PIKA stakeholders (distributed as esPIKA over the next 3 years); 20% for growth funds for exchange liquidity, operations, grants and marketing; 20% for core contributors and advisors (linear vesting over 2 years); 11% for retroactive and Future Airdrop (distributed as esPIKA).