Pika
Crypto Overview
Overview
Pika Protocol is a decentralized perpetual futures exchange built on Optimism, an Ethereum Layer 2 scaling solution. The PIKA token serves as the protocol's governance token and provides utility within the ecosystem.
Purpose and Utility
The primary stated purpose of PIKA is to serve as a governance token for the Pika Protocol, allowing holders to participate in decision-making regarding protocol parameters and development. Token holders can vote on proposals and changes to the protocol.
Business Model
The core business of Pika Protocol revolves around perpetual futures trading, which is essentially a form of leveraged trading. The protocol generates revenue through trading fees and funding rates.
Development and Adoption
The project has shown consistent development activity on GitHub and has maintained regular updates to its protocol. The platform has achieved notable trading volume and user adoption within the DeFi ecosystem.
Token Distribution
PIKA tokens were distributed through various mechanisms including team allocation, ecosystem incentives, and public sales. Specific details about vesting schedules and lock-up periods are publicly available through their documentation.
Crypto Impact
To assign a comfort level investing in Pika from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Pika.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.