PANews, May 9 - According to the Ika announcement, the economic mechanism of the core token IKA for the parallel multi-party computing (MPC) network, which will soon launch on the Sui blockchain, has been officially released. The initial total supply of IKA is 10 billion tokens, of which more than 50% will be allocated to the community. The first round of airdrops will distribute 600 million tokens at the time of the mainnet launch. IKA will be used to pay for network fees, node staking, security guarantees, and decentralized governance, and will implement a dynamic market pricing mechanism based on the computational costs of different cryptographic operations. The complete distribution plan will be announced before the mainnet launch.
