IKA (Ika) rose 6.22% in the last 24 hours.

Gate News Bot news, July 30, according to CoinMarketCap data, as of the time of writing, IKA (Ika) is currently priced at $0.03, having risen 6.22% in the last 24 hours, with a high of $0.03 and a low of $0.03, and a 24-hour volume of $5.55 million. Current market capitalization data is not available.

Ika is the first sub-second multi-party computation (MPC) network, scalable to a signing speed of 10,000 transactions per second and hundreds of signing nodes, with a zero-trust, non-collusion architecture. Ika is built on the Sui blockchain, enabling cross-chain functionality, providing unparalleled speed and scalability for applications such as DeFi, decentralized custody, and programmable Bitcoin, with the potential to unlock over $20 trillion in assets.

Important news about IKA recently:

1️⃣ Gate launches IKA perpetual contracts and spot trading.

Gate launched the IKA perpetual contract spot trading on July 29 at 18:10 (UTC+8), settled in USDT, supporting 1-20x leverage trading, allowing both long and short positions. On the same day at 18:00 (UTC+8), Gate also opened IKA spot trading, providing IKA/USD1 and IKA/USDT trading pairs. This series of launch activities provides more trading channels and liquidity for the IKA token, which is beneficial for attracting more investors to participate.

2️⃣ Gate Launchpad successfully completed IKA subscription

Gate Launchpad conducted the IKA token subscription event from July 26, 13:00 to July 29, 13:00 (UTC+8). The total subscription amount was 200 million IKA, allowing users to participate using USD1 and GT. The subscription price was 1 IKA = 0.025 USD1, while the GT subscription price was dynamically calculated based on recent GT price trends. This successful subscription event raised funds for the IKA project and also expanded its influence in the cryptocurrency community.

3️⃣ Turbos DEX launches IKA trading pair and initiates LP incentives

Turbos DEX has officially launched the IKA-related trading pairs and will conduct LP incentive activities from July 29 to August 5. Users who provide liquidity to the IKA trading pool (such as IKA-SUI) will receive additional rewards, including TURBOS token rewards and dual incentive earnings of IKA and USDC. This initiative helps improve the liquidity of IKA on decentralized exchanges, providing users with more trading and earning opportunities.

IKA, as a parallel MPC network project based on the Sui network, has attracted market attention due to its fast transaction processing capabilities and cross-chain functionality. Recent listings on mainstream trading platforms and liquidity incentive activities may be the main factors driving the rise in IKA's price. However, investors still need to closely monitor the project's long-term development and the overall market trend.

This message does not constitute investment advice; investors should be aware of market volatility risks.