As the first parallel MPC network in the Sui ecosystem, Ika's news of receiving strategic investment from the Sui Foundation has indeed injected a strong boost into the project. Combined with the current pre-mainnet activity participation strategy, here is a comprehensive analysis integrating project background, operational details, and risk warnings:

1. Project Fundamentals and Ecological Positioning

1. Technical Features: Ika is built on the Sui blockchain, using parallel MPC (Multi-Party Computation) technology, aimed at achieving efficient and secure cross-chain communication and data interaction. Its core advantage lies in supporting parallel execution of smart contracts, theoretically enhancing the throughput and scalability of the blockchain.

2. Financing Background: In addition to the Sui Foundation, more than 20 institutions, including DCG and Blockchange, participated in the investment, with a private placement valuation of 600 million USD, showing institutions' recognition of its technology route.

3. Token Economics: The native token IKA will be used to pay for MPC signature service fees and may empower the ecosystem through staking, governance, and other mechanisms in the future. However, it should be noted that the 'Ink' earned in the current activity is not a token, and its mapping relationship with IKA is not yet clear.

2. Pre-Mainnet Activity Participation Strategy Analysis

(1) Core Tasks and Revenue Comparison

Task Type Cost (SUI) Revenue (Ink) Risk Level Suggested Priority

Submit multi-chain address 0.01-0.05 30 Low ★★★★★

Generate dWallet 5 50 Medium ★★★☆☆

Burn octopus keys 1 Random (1-1 million) High ★★☆☆☆

Staking NFT (regular) 80 15K Extremely High ★☆☆☆☆

Exchange iSUI (1000 SUI) 1000 50/day Medium High ★☆☆☆☆

(2) Operational Details and Risk Warnings

1. Use of Invitation Codes:

◦ When accessing inksack.wal.app, confirm the security of the link (official link should start with https://).

◦ The invitation codes STAGE5_SUILEGEND and STAGE5_DEGENITALS may be temporarily valid; it is recommended to verify through Ika's official Twitter or Discord.

2. NFT Staking:

◦ The current floor price for MF Squid NFT is 42 SUI (source: (http://zx.globetech.com.cn/bbk1/205880.html)), which differs from the 80 SUI mentioned by users; real-time data should be the reference.

◦ Staking revenue needs to be calculated: Assuming 15K Ink = 15000 units, if in the future 1 unit of Ink = 0.01 IKA (referencing similar projects), then 15K Ink is worth about 150. Based on the current SUI price of $1.5, the cost of 80 SUI would be $120, with a theoretical revenue of $30, but NFT liquidity risks must be considered.

3. iSUI Staking:

◦ springsui.com is a DeFi application in the Sui ecosystem that supports instant exchanges between SUI and iSUI.

◦ Every 10 iSUI generates 5 Ink per day, with an annualized yield of approximately 18.25% (5×365/10=182.5%), but attention should be paid to smart contract risks.

4. Octopus Key Burning:

◦ The random reward mechanism is similar to 'gambling', referring to similar projects (e.g., Cetus's treasure chests), with a high yield probability of less than 0.1%.

◦ It is recommended to participate only with idle funds, avoiding more than 10 SUI investment.

3. Zero-cost Strategy and Advanced Suggestions

(1) Low-cost Participation Path

1. Must-do Tasks:

◦ Submit Sui, BTC, EVM addresses (30 Ink)

◦ Generate dWallet (50 Ink)

◦ Total revenue: 80 Ink, cost about 0.05 SUI (gas fee).

2. Low-cost Gaming:

◦ Purchase 1 SUI's octopus key to burn, aiming for high yields (extremely low probability, but cost is controllable).

(2) High-cost Strategy Evaluation

1. NFT Staking Feasibility:

◦ If planning to hold NFTs long-term, need to pay attention to:

◦ Practical scenarios for NFTs after Ika's mainnet launch (e.g., governance voting, fee waivers).

◦ Secondary market liquidity (current daily trading volume 7300 SUI, source: (http://zx.globetech.com.cn/bbk1/205880.html)).

2. iSUI Staking Risks:

◦ Need to be cautious about the impact of SUI price fluctuations on revenue (e.g., if SUI drops by 30%, actual revenue will decrease).

◦ Monitor the health of the liquidity pool on springsui.com (TVL can be viewed on SuiScan).

4. Risk and Opportunity Analysis

(1) Core Risks

1. Smart Contract Security:

◦ There may be code vulnerabilities during the pre-mainnet phase; small-scale testing is recommended.

◦ Reference to recent security incidents in the Sui ecosystem (e.g., DeepBook contract attack in April 2025), operations should be cautious.

2. Market Volatility:

◦ The SUI price is significantly affected by the market; if it drops in the short term, it may lead to staking revenue inversion.

◦ NFT prices may be difficult to realize due to insufficient liquidity.

3. Uncertainty in Project Progress:

◦ The expected launch time for the staking function (users expect within two weeks) may be delayed.

◦ The $IKA token economic model has not been announced, and the value of Ink is uncertain.

(2) Potential Opportunities

1. Airdrop Expectations:

◦ Similar to other projects in the Sui ecosystem (like Cetus), participating in early activities may lead to token airdrops.

◦ Pay attention to Ika's official information regarding the conversion rules between 'Ink' and $IKA.

2. Ecological Synergy:

◦ Ika has potential collaboration possibilities with projects like Walrus (a storage public chain) and DeepBook (an order book protocol), which may enhance its network value in the future.

5. Summary and Action Recommendations

Participation Type Recommended Actions Risk Control Measures

Zero-cost players complete all free tasks, ignoring NFT and iSUI staking. Daily time investment ≤ 10 minutes, only pay necessary gas fees.

Intermediate players purchase 1-2 octopus keys to burn, attempting to generate dWallet. Total investment ≤ 5 SUI, avoid participating in high-risk tasks.

High-risk players stake NFTs or iSUI but should reserve 30% of funds to cope with price fluctuations. Diversify investments, not exceeding 5% of total position.

Key Observations:

1. Follow Ika's official social media (Twitter, Discord) for updates on staking feature launch time and airdrop rules.

2. Monitor the floor price and trading volume changes of MF Squid NFT through TradePort.

3. Use SuiScan to track the fund flow on springsui.com.

It is advised that zero-cost players prioritize completing free tasks, while high-risk investors need to strictly control their positions to avoid blindly following trends.