PIKA Protocol Update: A Look into its Latest Developments
If you have been in the crypto space for quite some time now, chances are you have heard of the PIKA protocol. Although the PIKA protocol has been around for over two years, its V2 launch on the Optimism Mainnet was what really got people’s attention. This milestone propelled the protocol into the spotlight and attracted considerable interest from the crypto community
So you might have noticed that since its inception, the PIKA protocol hasn’t released a roadmap — until recently. And there’s a good reason for that.
The protocol’s development team is firmly committed to the concept of underpromising and overdelivering since they understand how difficult it is to make long-term plans in the continuously changing crypto industry.
Personally, I share their perspective and find less reliance on roadmaps when evaluating new projects. In fact, I appreciate it more when roadmaps are regularly updated to reflect short-term goals rather than rigid long-term projections, which is precisely what the PIKA protocol has done.
On May 17, the PIKA protocol’s roadmap, outlining the objectives they intend to achieve over the following 18 months, was finally made public on its Medium site.
The Pika Protocol’s Biggest Achievement to Date
One of the most remarkable achievements they’ve recently fulfilled is the launch of their very own utility token. The team is absolutely thrilled to share this exciting news, especially considering the immense dedication and hard work invested over a span of more than two years to create their own utility coin.
The highly anticipated token generation event (TGE) for PIKA Protocol took place on May 23rd and was hosted by the Pika Protocol launchpad on the Optimism network. This exciting event lasted for four days, allowing participants to engage in the token generation process.
By staking the PIKA token, users gain access to the platform’s trading fees and enjoy attractive trading fee discounts. Additionally, PIKA has a strategic role planned as the gas token for the future PIKA chain, which will be built on top of the OP stack. So, not only does PIKA have utility within the current ecosystem, but it’s also set to play a crucial role in the future infrastructure developments of the PIKA Protocol. Exciting stuff, isn’t it?
But what excites me the most is the cryptocurrency exchange where the token gets listed.
Just a few days ago, KuCoin, the leading crypto exchange, made an exciting announcement by introducing PIKA as its latest addition to the platform’s token offerings. To celebrate the listing of PIKA, KuCoin went all out to host an incredible landing party. This event features three thrilling activities, each with its own dedicated prize pool. The total prize pool adds up to a massive 36,000 USDT, which will be shared among all the qualified users on KuCoin. Kind of sad that this event will just run for only a week but still thankful for the huge reward they will be giving, hoping Kucoin will release more campaigns/events for this project in the near future.
Final Thoughts
Almost halfway into 2023, I can’t help but wonder what kinds of partnerships and breakthroughs are in store for the PIKA protocol. if you are also wondering the same thing, I’ll make sure to keep an eye on it and help you all catch up.
Thank you, guys, for reading! If you found it insightful, please give this blog a clap and leave a comment below.
