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MPC Network Ika announced its Token economic model, and 600 million IKA will be airdropped upon Mainnet launch.
PANews May 9 news, according to Ika announcement, the economic mechanism of the core Token IKA for the parallel Multi-Party Computation (MPC) network that will be launched on the Sui Blockchain has been officially released. The initial total supply of IKA is 10 billion coins, of which over 50% will be allocated to the community, with the first round of airdrop distributing 600 million tokens at the time of the Mainnet launch. IKA will be used for paying network fees, node staking, security guarantees, and decentralized governance, and will implement a dynamic market pricing mechanism based on the computational costs of different encryption operations. The complete allocation plan will be announced before the Mainnet launch.