Gate News bot news, according to the official announcement from Gate on July 24, 2025:
Gate will launch the Ika ( IKA) project subscription activity on July 26, 2025, at 13:00. The total amount for this subscription is 200 million IKA tokens, of which 80% will be subscribed using USD1 and 20% using GT. The subscription price is 1 IKA = 0.025 USD1, and the GT subscription price will be calculated based on the average opening price of GT from July 24 to July 26.
The subscription event will last until July 29th, 13:00 ( UTC+8 ), and the tokens will be distributed within 4 hours after the subscription ends. The IKA/USD1 trading pair will open for spot trading on July 29th, 18:00 ( UTC+8 ).
Ika is a parallel MPC network project based on the Sui blockchain. The total token supply is 10 billion, and the contract is deployed on the Sui mainnet. Gate Labs disclosed that it did not participate in the investment of this project.
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