Understand the economics of Pike tokens in one article

Author: Pike, Mirror; Compiler: Deng Tong, Golden Finance

This article will delve into the Pike governance code Coin - Token Economics of P.

It will outline the distribution of different categories of tokens, the initial distribution, and the token issuance schedule.

Pike is a universal liquidity protocol; it aims to unlock the utility of native assets by aggregating liquidity on blockchain networks. Pike pushes the boundaries of native multi-chain dApps by enabling users to lend and borrow assets across chains without using asset bridges and packaging assets. It is currently online on the mainnets of Ethereum, Arbitrum, Optimism and Base, with more chains and ecosystems under construction.

Pike's vision is to become a universal liquidity layer that enables frictionless movement and accessibility of native assets within the ecosystem. Pike is built on Wormhole’s cross-chain data messaging and Circle’s Cross-Chain Transfer Protocol (CCTP), and leverages Pyth Network’s Price Feeds.

One ​​of Pike's fundamental primitives is to enable users to provide native assets on the source chain and borrow native assets on the target chain without having to deal with cross-chain bridges Interact with and manipulate packaging assets.

Token distribution 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 is initially locked and will be unlocked within 43 months of the token release schedule below

The distribution of P is announced as follows:

Notes on the token issuance 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 treasury’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 allocating Pike tokens to various stakeholder groups is to ensure collaboration in scaling the Pike protocol and progressive decentralization efforts.

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

• Blockchain network expansion strategy;

• Asset coverage;

• Smart contract upgrade and optimization;

• < p style="text-align: left;">Agreement fee setting;

• Agreement parameter setting;

• Incentive settings;

• Community-led initiatives;

• Token utility and issuance schedule.