What Is Pika (PIKA)?

PIKA is a primary cryptocurrency and lifeblood of GameFi (Gaming Finance) and its projects. The platform seeks to merge digital asset management and cutting-edge tokenomics (economics of crypto assets) with the real gaming world. As per its whitepaper, the idea of PIKA came from the small, mountain-dwelling mammal found in North America and Asia. In the crypto sphere, the currency aims to offer a large supply of tokens with great burn rates, creative staking, evolution systems, and liquidity models. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burned to reduce availability and increase market value.

The asset targets to revolutionize the NFTs and gaming cryptosphere to create a more gamelike DeFi environment. Besides this, the currency strives to set the cryptocurrency standard with its revolutionary potential and developmental goals. PIKA aims to endeavor to find exciting and new ways to add value to its community. Along with its reward-based gaming system and evolution-based staking, the network aims to become a trendy asset among newcomers to the crypto world. The ecosystem contains three major tokens, including PIKA, Thunder, and Rai coins.

PIKA is an ERC-20 based token created on the Ethereum network. This is the first token designed on the Pika platform. The deflationary model of this token seeks to become a scarcer product over time. A deflationary token uses the deflation model, where the tokens are removed from the market over time. This digital token employs a liquidity provision contract for beginners. First, Uniswap works with two liquidity pools merged together, i.e., ETH pool and PIKA pool. Liquidity pools are a crypto asset pool locked in a smart contract, used to allow trades between the cryptocurrencies on a DEX (decentralized exchange). Both the pools share the same values, and their trading prices on Uniswap are set based on that. The more tokens users put into one liquidity pool, the more they gain in the second one. If users put in an equal value of Pika and ETH, they receive LP (liquidity provider) tokens. Hence, in return, the liquidity providers aim to earn 0.3% on each Uniswap trade. The PIKA token charges redistribution fees to its traders in which 1% is added to relevant staking pools (Rai, Thunder, Pika), 1.75% is added to company funds wallet, and 0.25%% goes to tokens burned.

History of Pika (PIKA)

Pika platform is a community-driven currency. The platform has a maximum total supply of 50,000,000,000,000 PIKA tokens.