Gate Launchpad to Launch Ika (IKA) IDO with USD1 & GT
Gate Launchpad will host the Ika (IKA) IDO from July 26, 13:00 to July 29, 13:00 (UTC+8), allowing subscriptions with USD1 stablecoin and GT token at 0.025 USD1 per IKA. A total of 200 million IKA will be sold on a first-come, first-served basis. The GT subscription rate is based on the average GT opening price on July 24–26 (UTC+8) and is announced two hours before launch. Individual caps are set at 2 million IKA, with token distribution within four hours after the sale. Spot trading for IKA/USD1 goes live on July 29, 18:00 (UTC+8). Gate Launchpad also runs a new-user campaign until August 1, offering 2,000 GT rewards and 100% first-trade loss coverage.
Bullish
The Gate Launchpad listing and spot trading launch of Ika (IKA) create new demand channels and liquidity, while the USD1 and GT subscription mechanisms, capped supply and immediate distribution foster scarcity and buying pressure. The new-user incentives, including 2,000 GT rewards and full first-trade loss coverage, are likely to boost GT trading volume and platform engagement. Historically, IDOs on major launchpads drive short-term price surges for both the new token and the launchpad’s native token, indicating a bullish signal for IKA and positive sentiment for Gate’s ecosystem.