As an early supporter of Pike, you will have a chance to get the Pike governance token ($P) at a fair price without any institutional investors on the existing capital table. Additionally, there is a chance to receive rewards from purple ecosystem for participating in the Pike presale.
Step 1: Connect to http://piu.pike.finance with your Discord
Step 2: Connect with EVM wallet (make sure you have $PIU, ETH for gas, USDC/USDT for contribution)
Step 3: Burn the required $PIU
Step 4: Send contribution (USDC or USDT)
Yes. In order to do so, you need to have sufficient $PIU for burning requirement and sufficient stablecoins for contribution. For example, Bob has successfully participated in Tier 1. Bob still has 900k $PIU and 2,000 USDC left in his wallet. He can also participate in Tier 2 when it opens as long as Tier 2 has available spots.
The entire Presale event will last for 2 days (3/25 to 3/26). Each Whitelist Tier will have the following opening times:
- Tier 1: 3/25 11am ET
- Tier 2: 3/25 8pm ET
- Tier 3: 3/26 11am ET
- General Tier: 3/26 8pm ET
- Each tier will end as soon as all available spots are filled OR before the start of the next tier (whichever comes first)
- General tier ends on 3/26 11pm ET
You only can use EVM wallets (such as Metamask, Rabby) to participate in the Presale.
USDC
- Base: 0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913
- Arbitrum: 0xaf88d065e77c8cC2239327C5EDb3A432268e5831
- Optimism: 0x0b2c639c533813f4aa9d7837caf62653d097ff85
- Ethereum: 0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48
USDT
- Base: NA
- Arbitrum: 0xfd086bc7cd5c481dcc9c85ebe478a1c0b69fcbb9
- Optimism 0x94b008aa00579c1307b0ef2c499ad98a8ce58e58
- Ethereum: 0xdac17f958d2ee523a2206206994597c13d831ec7
Each Tier has different contribution amount:
Minimum (US$) | Maximum (US$) | |
Tier 1 | 1,500 | 3,000 |
Tier 2 | 1,000 | 1,500 |
Tier 3 | 500 | 1,000 |
General Tier | 200 | 500 |
No. $PIU is required in order to participate in any Tiers (including General Tier). See above for $PIU requirements for each Tier.
You will receive 50% of your $P token on the Token Generation Event (TGE) date.
Note: TGE date has not been finalized yet. Expected timeline is Q2/Q3 2024
50% of your $P token will be issued and distributed on the Token Generation Event date. The remaining 50% has a 3 month cliff (lock-up period) and 6 month vesting schedule. Tokens will vest on a monthly basis.
Example: You bought 3,000 $P in the Presale. TGE date is May 1st, 2024:
- 1,500 $P will be unlocked on May 1, 2024
- Remaining 1,500 $P will be begin vesting on August 1, 2024.
- 250 $P will be distributed monthly for 6 months starting on August 1, 2024
- 1,500 $P will fully vested by February 1, 2025
The chances of this happening is small unless you bypass using http://piu.pike.finance.
If you are operating the burn and transfer function outside of our front end and you sent contributions to a wrong address, we will be unable to refund any contributed capital.
At the end of each contribution round, we will be conducting a data verification procedure to screen for any sybil behaviors and malicious actors.
Upon verification, we will be sharing a list of successful contributors. You may check the list to see whether you have successfully contributed to the round.
The chances of this happening is low because the burn and contribute process is sequenced. With this being said, we will evaluate on a case by case basis. See below.
Scenario 1 if we detected stalling in the contribution process (ie. you burned $PIU but took longer than usual to send contributions) and there are no more remaining spots. Your burnt $PIU will not be returned.
Scenario 2 if you performed the burn and contribute process swiftly and there are no more remaining spots. Your burnt $PIU and contributed capital will go towards the next available Tier. Any excess in $PIU and contributions will be returned.
The Community Presale Allocation comes from the Pike Foundation Treasury. To learn about Pike Tokenomics, please read: https://mirror.xyz/pikefinance.eth/NTMrGcO5h758EBYVAuiWv7zU3YcJz3h5h23u-TPDdV4
- Bot farms mainly target projects with an immediate liquidation event. This is due to the fact that bot farms operate a fixed amount of working capital and their goal is to realize a profit within a predictable timeframe. The Pike Community Presale does not offer an immediate liquidation event and we have not set a Token Generation Event date. This adds a high degree of uncertainty on the timeframe in which bot farms can realize a profit.
- The Pike Community Presale is hosted on
http://piu.pike.finance. Participants must login using Discord and EVM wallet. This creates an initial barrier of entry as we will be conducting a data verification to screen for sybil behaviors and malicious actors upon the end of each contribution round. We reserve the rights to forego any contributions derived from sybil behaviors and/or by malicious actors. Our goal is to ensure the allocation is fairly distributed to real participants and community members. - We encourage participants to contribute via the front end
http://piu.pike.finance. This creates a fair and competitive environment for participants to burn $PIU and submit contributions. We will be running a screen to detect actions that are derived from direct smart contract calls and we reserve the rights to disqualify contributions from sybil behaviors and malicious actors.
As communicated in Part 1 of the PPP blog series, the Pike PIU Program (PPP) is designed with the following purpose:
- The Pike PIU Program (PPP) is Pike’s spin on the typical rewards program
- A transparent reward system that aligns supporters and community with early monetization and reward opportunities
Also communicated in Part 2A and Part 2B of the PPP blog series, $PIU is designed with the following purpose and utility:
- $PIU is used to qualify for Pike’s Community Presale
- $PIU is powered by Wormhole’s Native Token Transfer Framework (NTT) and will serve as a test for Pike’s governance token to become multi-ecosystem compatible
$PIU is the economic driver behind the PPP. Our vision for the PPP is to become a native multichain launchpad for projects with an embedded cross-chain DNA. In other words, we hope to service native cross-chain projects with the need to bootstrap sustainable communities by leveraging $PIU and PPP.
With this being said, PPP is still in its infancy stage and we experimenting different designs and implementations. If we are able to progress towards the outlined vision, we expect to see many new and exciting projects to launch on PPP. In this case, $PIU will exert new utilities for being the economic driver behind PPP.
In our opinion, the design space for point system in Web3 is large and we are dogfooding the PPP and $PIU with the launch of Pike.
The primary goal of organizing a community targeted capital formation event is to give back to our earliest group of fans and supporters. Hence, designing the Pike Community Presale that is inclusive is one of the perquisites.
We understand we have altered the $PIU requirement for Whitelist Tiers over the last few weeks. And we understand this has caused confusion and frustrations for many of our community members. The rationale behind is due to the fact that we were delayed in launching the onchain activities claim function. As a result, this reduces the amount of circulating supply of $PIU.
This affects the demand and supply relationship of $PIU. Assuming the demand of $PIU remains unchanged, but the supply of $PIU decreases. This would create a natural upward pressure on the price of $PIU. This makes the entry cost to the Pike Community Presale more expensive for users who 1) have less roles 2) have more on-chain activities relative to roles 3) joined our community at a later stage. In other words, it has become more difficult for the mass to participate in the Community Presale, which is against the prerequisite of inclusion.
Therefore, we replaced the relative Tier ranking system with absolute ranking and decreased the $PIU requirement for each Whitelist Tier in order to combat the negative effects created by a reduced supply of $PIU. With this being said, we understand some Roles are more exclusive or harder to get due to time scarcity. Therefore, we have created a $PIU allocation tiering system for Roles (Tier S, A, B, C) to create separation. By design, the $PIU requirement for Whitelist Tiers has a direct correlation with the $PIU allocation for Role Tiers. The correlation is determined based on the following variables: supply and demand of $PIU, number of holders of $PIU, forecasted participants in the Community Presale and conversion rate for each Whitelist Tier. Simply put, the PIU Points Program is an innovative experiment which our team has put a lot of thoughts into designing. We understand there is no perfect design that can alleviate everyone’s preference. However, we wish to propose a design that offers high inclusivity for our community.
The ideation of Pike began in Q4 2022. We started building Pike at the start of 2023 and it took us 15 months before beta launch on 2/1/2024. Throughout this period, we have bootstrapped funding (with the exception of receiving minimal grants from our strategic partners) entirely for research, development and security efforts.
The reason why we are allocating Pike Foundation Treasury for Pike Community Presale participants is because we will be using the raised proceeds to further enhance research and security practices as well as scaling development resources.
No, sending two different forms of stablecoin could lead to missing deposits. Please only send a single transaction of USDC or USDT, and do not send multiple contribution transactions for a single tier.