One article understands Pike token economics

Author: pike, mirror; compilation: Deng Tong, Bit chain vision world

This article will in -depth discussions on the tokens of Pike to govern the tokens.

It will outline different types of tokens, initial allocation, and token issuance timetable.

Pike is a general liquidity protocol; it aims to release the effectiveness of native assets by aggregating liquidity on the blockchain network.Pike users can borrow and borrow assets across the chain, without using asset bridges and packaging assets, thereby breaking the boundary of the native multi -chain DAPP.At present, it has been launched on the main webs of Ethereum, Arbitrum, Optimism, and Base, and more chain and ecosystems are under construction.

Pike’s vision is to become a universal liquidity layer, realizing the friction -free movement and accessibility of native assets in the ecosystem.Pike is built on Wormhole’s cross -chain data message transmission and Circle’s cross -chain transmission protocol (CCTP), and uses Price Feeds of Pyth Network.

One of the basic primitives of Pike is that the user can provide native assets on the source chain and borrow native assets on the target chain without having to interact with cross -chain bridges and process packaging assets.

Tokens allocation and issuance timetable

Token name: P

Maximum supply: 2,140,000,000

Initial circulation: 411,950,000

Tokens: native ERC20 and SPL (using Wormhole’s native token transmission framework)

Attribution: 80.75% of P was initially locked, and will be unlocked within 43 months of the token release timetable

The distribution of p is announced as follows:

Precautions for token issuance timetable:

The tokens of liquidity incentives may change accordingly to reflect market conditions and benchmark returns.The change of proposal will be conveyed in a transparent way, and the change of decision -making will be affected by the governance of the Pike community.

The pledged token issuance timetable may change according to the number of pledged participants and the use of pledged PIKE token.More information about pledge effectiveness will be announced in the next few months.The change of proposal will be conveyed in a transparent way, and the change of decision -making will be affected by the governance of the Pike community.

The community and start -up tokens may change according to the progress of community development and expansion.The change of proposal will be conveyed in a transparent way, and the change of decision -making will be affected by the governance of the Pike community.

The tokens of the community vault may change according to the number of community -led plans.The change of proposal will be conveyed in a transparent way, and the change of decision -making will be affected by the governance of the Pike community.

Future Outlook

The ultimate goal of distributing Pike tos to the groups of various interests is to ensure that collaboration and gradual decentralization work when expanding the Pike protocol.

Pike token holders should participate in the following theme decisions:

  • Blockchain network expansion strategy;

  • Asset coverage rate;

  • Smart contract upgrade optimization;

  • Protocol cost settings;

  • Protocol parameter settings;

  • Incentive settings;

  • Community -led measures;

  • Token practicality and distribution timetable.

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