#Gate Launchpad List IKA Ika (IKA) was launched on the Gate Launchpad on July 26th. The initial subscription period ran for 24 hours, during which time the project exceeded $261 million in subscription volume. IKA is a Multi-Party Computation network built on the Sui blockchain, designed for secure and efficient cross-chain asset management and coordination.

Here's a more detailed breakdown:

Launch Details: IKA was launched on Gate Launchpad at 13:00 (UTC+8) on July 26th.

Subscription: Users could subscribe using USD1 and GT tokens. The subscription price was set at 1 IKA = 0.001424 GT and 0.025 USD1.
Subscription Period: The subscription period lasted for 24 hours, ending on July 27th.
Oversubscription: The project quickly surpassed $261 million in subscription volume, exceeding the total quota of 200 million IKA.
Distribution: Token distribution is based on the proportion of individual subscription amounts to the total subscription amount per hour, with earlier subscriptions potentially receiving more IKA, according to Binance.