Pika Protocol
Crypto Overview
Purpose and Utility
Pika Protocol is a decentralized perpetual exchange built on Optimism that allows users to trade perpetual futures contracts. The PIKA token serves as a governance token and provides utility within the protocol's ecosystem.
Business Model
The protocol operates as a decentralized exchange specifically focused on perpetual futures trading. The platform allows users to trade with up to 100x leverage. The PIKA token grants governance rights and can be staked for protocol rewards.
Real-World Adoption
The protocol has achieved notable trading volumes and liquidity on the Optimism network. However, the primary use case remains focused on leveraged trading and speculation.
Development Activity
The project maintains active development with regular updates to the protocol. The team has implemented various features including an improved trading interface and enhanced risk management systems.
Token Distribution
The token distribution includes allocations for the team, early investors, and community initiatives. Specific vesting schedules are in place for team and investor allocations to prevent immediate selling pressure.
Crypto Impact
To assign a comfort level investing in Pika Protocol 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 Protocol.
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.