PANews reported on July 27 that according to official news, the Ika (IKA) project was officially launched on Gate Launchpad at 13:00 (UTC+8) on July 26. At present, 24 hours after the event was launched, the total subscription amount has exceeded 261 million US dollars.

It is reported that the total amount of this Launchpad is 200 million IKA, and users can participate through USD1 and GT. The subscription price is 1 IKA = 0.001424 GT and 0.025 USD1. The subscription will last until 13:00 (UTC+8) on July 29. The token distribution will be based on the proportion of individual subscription amount to the total subscription amount per hour. The earlier the subscription, the higher the amount, and the first come first served.