IKA
$0.003920949453210624

Ika (IKA) Price

$0.003920949453210624
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Ika (IKA) Price Today

The live price of Ika is 0.003920949453210624 USD. In the past 24 hours, the trading volume of Ika was 8,715,610.76 USD, down by -8.60%. The current price has decreased by -24.83% from its 7-day high of 0.34 USD, and increased by 0.00315902% from its 7-day low of 0.00315902 USD. With a circulating supply of 10,000,000,000.00 Ika, the market cap of Ika is currently 93,304,015.00 USD, down by 0% in the last 24 hours. Ika currently ranks #1031 by market capitalization among cryptocurrencies.

Ika (IKA) Market Data

Market Cap
$12.5M
24h Volume
$8.7M
Circulating Supply
3B IKA
Maximum Supply
10B IKA
Fully Diluted Market Cap
$41.9M
Liquidity Indicator
69.26%
About
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FAQ

About Ika (IKA)

How can I buy Ika (IKA)?

Buying Ika (IKA) on BingX is simple and secure. Create an account, deposit USDT or another supported asset, and purchase Ika (IKA) directly in the Spot Market. The tokens will then appear in your BingX Spot Wallet, ready for trading or transfer at anytime. Discover How to Buy IKA Guide for more information.

What Is IKA (IKA) and How Does It Work?


IKA is the native utility token of Ika Network, a decentralized Multi-Party Computation (MPC) protocol built on the Sui blockchain. Ika enables ultra-fast, zero-trust interoperability across multiple blockchain ecosystems, including Bitcoin, Ethereum, Solana, and others, by allowing secure control of assets without centralized custody or bridges.

At its core, Ika uses a high-speed threshold signature scheme known as 2PC-MPC (Two-Party Computation - Multi-Party Computation). This allows hundreds of independent validators to jointly authorize transactions across chains without exposing their private keys. The Ika protocol processes up to 10,000 transactions per second, making it ideal for real-time DeFi, asset transfers, and cross-chain dApps.

The IKA token powers this ecosystem by:

• Paying network and MPC execution fees

• Securing the network via proof-of-stake and node incentives

• Enabling decentralized governance, where holders vote on key protocol upgrades

When Was IKA Launched?


Ika (formerly known as dWallet Network) was founded in 2022 in Israel by Omer Sadika (CEO), David Lachmish (Co‑Founder & Product), and Yehonatan Cohen Scaly (CTO). The project initially operated under the name dWallet Network before rebranding to Ika. After extensive testnet phases, Ika officially launched its mainnet on the Sui blockchain on July 29, 2025, introducing the first zero‑trust, sub‑second, parallel MPC network capable of native cross‑chain asset control directly from Sui smart contracts, without bridges or token wrapping. Backed by over $21 million in strategic funding, including investment from the Sui Foundation, the launch marked a major milestone in blockchain interoperability.

IKA Roadmap Highlights


• Q4 2024 – Alpha & Public Testnet: Initial deployment under the dWallet Network branding; incentivized testnets launched to onboard developer community and refine dWallet primitives.

• Q1 2025 – Rebrand & Security Finalization: Project rebranded to Ika; secured strategic Sui Foundation funding; scaling cryptographic architecture to support hundreds of signing nodes.

• July 29, 2025 – Mainnet Launch: Full Ika mainnet goes live on the Sui ecosystem. Supports native cross‑chain control for Bitcoin, Ethereum, Solana via 2PC‑MPC, enables dWallets, staking and governance, and delivers sub‑second latency at ~10,000 TPS

• Post‑Launch (Late 2025 and Beyond)

- Expand support to more blockchains beyond BTC, ETH, SOL.

- Roll out developer SDKs, toolkits, and governance modules.

- Onboard institutional projects (DeFi platforms, custody solutions, AI-agent integrations).

What Is the IKA Token Utility?


The IKA token is the beating heart of the Ika Network, enabling several critical functions within the ecosystem:

• Payments & Fees: IKA is required to pay MPC nodes for actions such as generating and reconfiguring dWallets or requesting threshold signatures, creating a market-driven, usage-based fee economy.

• Network Security via Staking: Through a permissionless delegated proof-of-stake model, token holders stake IKA to support validator participation in consensus and threshold signing. Honest participation earns rewards; malicious behavior is penalized.

• Decentralized Governance: IKA holders and MPC nodes vote on protocol updates, fee models, and economic parameters, driving democratic control of network evolution.

• Dynamic Pricing Mechanism: Ika employs a dynamic pricing system where fees vary by cryptographic operation. More complex tasks like reconfiguration or DKG require higher fees, balancing node compensation and user cost predictability.

To trade IKA on BingX’s spot market, users can simply deposit Tether (USDT), locate the IKA/USDT trading pair on the platform, and place a spot buy or sell order at market or limit price. Trading is fast and user‑friendly; simply select the pair, enter your desired amount, and confirm the transaction to complete your trade in seconds.

What Is IKA Tokenomics?


The IKA token has a maximum supply of 10 billion tokens, designed to support long-term decentralization, ecosystem incentives, and robust governance.

IKA Token Allocation Breakdown


• Community Reserve – 46%: Reserved for future network growth, on-chain governance, and other decentralized initiatives.

• Early Contributors – 23%: Allocated to the founding team, core developers, and long-term protocol builders.

• Backers (Investors) – 16.75%: Given to strategic and private investors who supported the project during early development stages.

• Community Drop – 6%: Distributed through airdrops to early adopters, testnet participants, and community supporters.

• Ecosystem Incentives – 8.25%: Used for developer grants, staking rewards, validator onboarding, and dApp ecosystem expansion.

What Blockchain Network Does IKA Operate on?


IKA operates as a parallel Multi‑Party Computation (MPC) network built directly on the Sui blockchain, utilizing Sui’s consensus layer Mysticeti to coordinate hundreds of validator nodes in a permissionless, delegated proof‑of‑stake system. Unlike Sui, Ika has disabled general smart contract execution, focusing exclusively on highly scalable, sub‑second threshold signing with 2PC‑MPC cryptography to enable zero‑trust cross‑chain asset control (e.g. Bitcoin, Ethereum, Solana) from Sui smart contracts.

How to Store IKA Tokens Securely


One of the quickest and safest ways to store IKA tokens, especially for active traders, is by keeping them in your BingX wallet. As a regulated exchange, BingX provides robust custodial security, including encrypted cold storage, multi-signature protection, and best-practice infrastructure for safeguarding user funds. You simply log in to your account, navigate to your spot wallet, and ensure your IKA holdings remain secure, especially when paired with strong password hygiene and two-factor authentication (2FA).

For users who prefer full control over their private keys, transferring IKA to non-custodial wallets is advised. Hardware wallets like Ledger Nano or Trezor offer offline, air-gapped security ideal for long-term holdings. Alternatively, you can use supported software wallets (e.g., Web3 wallets compatible with Sui native coins) that you manage yourself. While offering greater sovereignty and reduced counterparty risk, this method requires diligent protection of seed phrases and PINs; losing them means losing access forever.

Is IKA (IKA) a Good Investment?


IKA stands out as a next-generation interoperability token by solving one of the hardest problems in crypto, secure cross-chain asset control without bridges or wrapped tokens. Built on the high-performance Sui blockchain, Ika uses sub-second 2PC-MPC (Two-Party Computation Multi-Party Computation) cryptography to manage native assets like BTC, ETH, and SOL from a single source of truth. This approach minimizes custodial risk, reduces bridge-related exploits, and enables trustless, programmable interoperability across major blockchain networks. Backed by the Sui Foundation and other strategic investors, Ika’s infrastructure is designed for institutional-grade DeFi, decentralized custody, and smart agent applications.

From a tokenomics perspective, IKA is deflationary in function and deeply embedded in the protocol’s operations. It powers node staking, governance voting, and fee payments for cryptographic services, creating real demand for network usage. With a max supply of 10 billion and carefully managed unlock schedules, IKA’s long-term value is tied to ecosystem adoption, validator incentives, and increasing cross-chain transaction volume. As Web3 expands toward modular architectures and zero-trust applications, IKA offers a rare blend of scalability, utility, and security that positions it as a promising asset in the interoperability and infrastructure narrative.

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