Gate Launchpad’s Ika (IKA) Launch Captures $261M in 24 Hour

Gate Launchpad Sees Explosive Demand as Ika Sells Out on Day One

Image: https://www.gate.com/launchpad/2336

Since its debut, Gate Launchpad has remained a premier venue for launching new blockchain projects. In its third round, the platform introduced Ika (IKA), which garnered significant market attention by attracting $261 million in total subscriptions within just 24 hours.

This impressive figure not only illustrates the market’s high hopes for the project, but also reaffirms Gate Launchpad’s pivotal role in early-stage token distribution. Many users turn to Launchpad to get in early on high-quality assets. Ika’s distinctive positioning makes it especially attractive for this purpose.

Ika (IKA) Project Highlights: Parallel MPC, Focused on Privacy and Performance

Ika is a parallel multi-party computation (MPC) network built on the Sui blockchain, positioned as the fastest collaborative cryptography platform. MPC technology enables users to jointly process complex tasks without exposing their underlying data. This makes it ideal for privacy-preserving transactions, on-chain identity, AI data collaboration, and other applications.

Unlike traditional MPC, Ika employs a parallel processing architecture that dramatically boosts computational throughput and minimizes latency. The project aims to deliver a rapid-deployment MPC framework for developers, reducing resource costs while advancing decentralization and scalability.

Subscription Analysis: What Does $261 Million Mean?

According to official Gate data, total subscriptions for Ika Launchpad soared past $261 million within the first 24 hours—far exceeding the maximum allocation of 200 million IKA. These figures reveal:

• Overwhelming demand: Market enthusiasm for IKA is so intense that it has outstripped the platform’s total distribution cap;
• Strong user participation: Many participants quickly locked up USD1 or GT to secure access, signaling strong confidence in Launchpad offerings;
• First-mover advantage: The subscription system allocates tokens proportionally based on the average amount locked per hour—earlier participation results in a higher allocation. This mechanism triggered an initial-day subscription peak.

How to Participate in the Ika Subscription Process?

Ika subscriptions remain open until July 29, 2025, at 05:00 (UTC+0). Users can participate on Gate with either USD1 or GT, at these rates:

• USD1: 1 IKA = 0.025 USD1
• GT: 1 IKA = 0.001424 GT (calculated as the average GT price over the previous three days)

1. Complete Gate identity verification
2. Log in on web or app and go to “Finance” → “Launchpad”
3. Select the Ika project and click “Subscribe Now”
4. Enter your USD1 or GT amount and confirm
5. Wait for the subscription period to close, then receive your proportional token distribution

Gate will distribute tokens within four hours after the subscription closes. 100% of IKA tokens will unlock immediately—no waiting period.

Is IKA a Smart Investment? Key Insights for Newcomers

Although Launchpad participation offers a low barrier to entry and the project is still in its early days, investors should remain prudent:

• Short-term trading: IKA is well-suited for those aiming to capitalize on its initial surge once spot trading begins on Gate;
• Long-term potential: If you are optimistic about MPC technology and Ika’s integration within the Sui ecosystem, consider a modest position for long-term holding;
• Risk management: Despite its technical strengths, Ika is still a startup and may be affected by broader market volatility. Manage your exposure carefully.

Gate Labs has not invested in this project, so the platform remains neutral and pricing is market-driven.

In Summary: Does Gate Launchpad’s Momentum Signal Another Crypto Bull Run?

Ika’s blockbuster token sale underscores strong market appetite for high-quality early-stage crypto projects. Gate Launchpad is solidifying its role as a leading gateway to emerging innovation. This includes those seeking a cost-effective entry into Web3.

Whether you’re new to crypto or a seasoned pro hunting the next potential gem, monitor Ika’s final subscription days, as this may position participants for upcoming market opportunities.