Understand the economics of Pike tokens in one article

Pike is a universal liquidity protocol designed to increase the utility of native assets by integrating liquidity on blockchain networks. The protocol enables users to borrow and lend assets across chains without using asset bridging or packaging assets, thereby breaking the limitations of native multi-chain dApps. Currently, Pike has been launched on the mainnets of Ethereum, Arbitrum, Optimism and Base, and more chains and ecosystems are actively being built.

Pike’s goal is to become a comprehensive liquidity platform, aiming to achieve barrier-free transfer and convenient acquisition of various native assets within the ecosystem. Pike is built on Wormhole’s cross-chain data messaging and Circle’s Cross-Chain Transfer Protocol (CCTP), and fully leverages the Pyth Network’s price data.

One of Pike’s core concepts is to enable users to provide local assets on the source chain and borrow local assets on the target chain without having to interact with cross-chain bridges or deal with encapsulated assets.

Token Allocation and Issuance Schedule

Token Name: P

Maximum Supply: 2,140,000,000

Initial Circulation: 411,950,000

Token Format: Native ERC20 and SPL (using Wormhole’s native token transfer framework)

Vesting: 80.75% of P initially locked will be unlocked within 43 months of the token release schedule below The distribution of

P is announced as follows:

## About Token Issuance Note on schedule:

The liquidity-incentivized token issuance schedule is subject to change to reflect market conditions and baseline returns. Change proposals will be communicated in a transparent manner, and change decisions will be influenced by Pike community governance.

The staking-incentivized token issuance schedule may change based on the number of staking participants and usage of staked Pike tokens. More information on the utility of staking will be announced in the coming months. Change proposals will be communicated in a transparent manner, and change decisions will be influenced by Pike community governance.

The community and launch token issuance schedule may change based on the progress of community development and expansion. Change proposals will be communicated in a transparent manner, and change decisions will be influenced by Pike community governance.

The community vault’s token issuance schedule may change based on the number of community-led initiatives. Change proposals will be communicated in a transparent manner, and change decisions will be influenced by Pike community governance.

Future Outlook

The ultimate goal of distributing Pike tokens to various stakeholder groups is to ensure collaboration and progressive decentralization when scaling the Pike protocol chemical work.

Pike token holders should participate in decision-making on the following topics:

• Blockchain network expansion strategy;

• Asset coverage;

• Smart contract upgrade and optimization;

• Protocol fee setting;

• Protocol parameter setting;

• Incentive setting;

• Community-led initiatives;

• Token utility and issuance schedule.

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