Gate Launchpad Phase 3 IKA project subscription is in full swing, with a total subscription amount exceeding 1.7 billion USD.

As of July 28, 2025, the Gate Launchpad Phase III project Ika (IKA) has entered the subscription critical stage. Since its launch on July 26 at 13:00 (UTC+8), the total subscription amount has exceeded USD 1.712 billion, with the USD1 pool subscription amount reaching USD 190 million shortly after the launch, and market enthusiasm continues to rise. This subscription will close on July 29 at 13:00 (UTC+8), and spot trading will open for the IKA/USD1 trading pair on the same day at 18:00.

##Subscription Mechanism and Rules: Dual-Track Dynamic Game

1. Dual liquidity pool design: Users can participate in the subscription with USD1 or GT, with a total issuance of 200 million IKA.

• USD1 pool占比 80%（1.6 亿 IKA），固定价格为 1 IKA = 0.025 USD1；
• GT pool share 20% (40 million IKA), price dynamically calculated based on the average opening price of GT from July 24 to 26 (final pricing is 1 IKA = 0.001424 GT).

2. Time Weight Distribution Rule: The "Hourly Snapshot + Proportional Allocation" mechanism is adopted: Tokens are allocated based on the proportion of each user's locked amount per hour to the total pool amount; the earlier the participation, the higher the share proportion. For example, if the investment in the first hour accounts for 10%, and the total amount of the pool inflates 100 times by the end, its share will be diluted to 0.1%.
3. Quota and Unblocking

• Individual limit 2 million IKA (USD1 pool 1.6 million + GT pool 400,000);
• Zero lock-up period, 100% distribution of tokens within 4 hours after subscription ends.

##Technical Background: Cross-Chain Breakthrough of the Sui Ecosystem Ika is positioned as "the fastest parallel MPC (Multi-Party Computation) network," built on the high-performance blockchain Sui, with core technology highlights including:

• Millisecond-level signing speed and 10,000 TPS processing capability, addressing the pain point of cross-chain asset signing delay;
• Expanded to hundreds of nodes, reducing the probability of single-point malfeasance to near zero through the 2PC-MPC algorithm;
• Provide "instant trustless channels" for $20 trillion cross-chain assets in the Sui ecosystem.

Token Economy: Total supply of 10 billion IKA, this Launchpad releases 2%.

##Platform Evolution: Strategic Leap from PFVS to IKA Gate Launchpad's current mechanism highlights three major innovations:

1. Dual-track risk hedging: USD1 pool locks in costs, GT pool may create arbitrage opportunities due to price fluctuations;
2. Scarcity game: GT pool share compressed to 20%, referencing historical data (PUMP project GT pool yield 220% exceeding USD1 pool 150%), competition is more intense;
3. Ecological Synergy: Launching exclusive financial products for Launchpad, participating users can enjoy:

• USD1 flexible wealth management 10% additional annualized;
• GT Flexible Wealth Management 15% Annualized;
• IKA subscription users receive an additional 5% USDT interest coupon.

##Participation Path and Market Outlook

1. Beginner-friendly activity: From now until August 1, new users who register and trade can share a 2000 GT reward pool, and the first order loss will be subsidized by 100%.
2. Trading Risk Warning

• Technical uncertainty: The MPC network is in its early stages, and there are challenges in development and operation;
• Market volatility: Referring to the previous two projects, PFVS rose 450% on the first day, PUMP reached 320%, and IKA may see increased market volatility;
• Regulatory Policies: The global compliance framework for crypto assets is dynamically changing, which may affect long-term development.

##Conclusion: The countdown to the implementation of the key puzzle in the Sui ecosystem As the subscription will close on July 29 at 13:00 (UTC+8), the performance of IKA's spot trading will serve as a touchstone for assessing the value of the Sui ecosystem's MPC network. Gate Launchpad, through a dual-track system and time-weighted rules, incorporates early participants, GT holders, and stablecoin users into a dynamic gaming system, driving the platform's evolution from a "project issuance channel" to a "cryptoeconomic experimental field." Investors should closely monitor the IKA/USD1 opening market at 18:00 on July 29 to seize the intersection of technical dividends and market sentiment.