It’s finally happening - the Pike Community Presale.
This is your opportunity to become a part of the Pike journey at the ground floor.
Contribute and help decentralize the future of Pike..
TLDR:
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Presale tokens will come out of the Foundation Treasury allocation - Presale Contributors will be our first investors
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TGE slated for Q2/Q3 2024
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50% unlocked at TGE
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Remaining 50% locked for 3 months, then vest monthly over next 6 months
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Sale date/time:
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Whitelist Tier 1: 3/25 11am ET
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Whitelist Tier 2: 3/25 8pm ET
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Whitelist Tier 3: 3/26 11am ET
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General Tier: 3/26 8pm ET
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General Tier ends on 3/26 11pm ET
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Each tier will end as soon as all available spots are filled OR before the start of next Tier (whichever comes first)
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Venue
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Presale will be hosted on piu.pike.finance
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Please make sure you double check the site URL
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Discount and Valuation
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Whitelist Tier 1 - 25% discount, FDV = 60m
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Whitelist Tier 2 - 15% discount, FDV = 68m
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Whitelist Tier 3 - 10% discount, FDV = 72m
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General Tier - no discount, FDV = 80m,
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$PIU Requirements
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Participants are required to burn $PIU, then send USDC or USDT contributions (formats supported: Base, Arbitrum, Optimism, Ethereum)
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Whitelist Tier 1 - 1,000,000 $PIU
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Whitelist Tier 2 - 800,000 $PIU
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Whitelist Tier 3 - 400,000 $PIU
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General Tier - 100,000 $PIU
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SPL contributions (coming soon~)
- Our beloved Solana frens, if you cannot bear leaving Solana. We kindly ask for your patience. We are working on something :)
The Time Has Come
The Pike Community Presale will begin on March 25th @ 11AM EDT.
The valuations, whitelist tiers and $PIU required are showcased in the table below.
How the Presale will work:
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When Presale is live, navigate to https://piu.pike.finance
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You will see an interface which will let you burn $PIU (starting with 1,000,000 for Tier 1), as well as other information such as how many spots are remaining.
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When you have burnt your $PIU, you will then be able to contribute $USDC or $USDT from any of the supported networks (Base, Arbitrum, Optimism, Ethereum)
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You can contribute any amount between the minimum and maximum. If you contribute more than the maximum amount allowed, the excess funds will be refunded to you.
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Once the time for a Tier finishes, or it reaches the maximum number of spots, you’ll be able to burn more $PIU should you wish to also participate further.
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Once the presale ends, chill.
Example Journey:
Bob is a rich purple ecosystem maxi, he has 2,500,000 $PIU and unlimited USDC. He is getting ready to ape into the Pike Community Presale.\
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To qualify for Whitelist Tier 1, Bob will burn 1,000,000 $PIU and contribute the maximum amount for Tier 1
- Bob contributes USDC 3,000 for 107,000 $P ($3,000/$0.028)
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Since Bob has excess $PIU and USDC, he can also participate in Tier 2 when it opens
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To qualify for Whitelist Tier 2, Bob will burn 800,000 $PIU and contribute the maximum amount for Tier 2
- Bob contributes USDC 1,500 for 47,205.88 $P ($1,500/$0.0318)
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Since Bob still has excess $PIU and USDC, he can also participate in Tier 3 when it opens
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Unfortunately, Bob overslept and missed the Tier 3 sale window
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Bob decides to participate in the General Tier when it opens
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To qualify for the General Tier, Bob will burn 100,000 $PIU and contribute the maximum amount for the General Tier
- Bob contributes USDC 500 for 13,375 $P ($500/$0.0374)
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Effectively, Bob was able to participate in Tier 1, Tier 2 and General Tier
- In total, Bob contributed USDC 5,000 for 167,580.88 $P
$P Tokenomics
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The Pike Community Presale will be from the Pike Foundation Treasury allocation - contributors will be the first investors in Pike
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Proceeds raised from the Pike Community Presale will be used for research, development, security and operational expenses
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50% of the tokens from the Pike Community Presale will be issued and distributed to Presale participants at TGE
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Remaining 50% is locked for 3 months, and then vest for 6 months. Tokens will vest on a monthly basis
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To learn more, please read the Tokenomics blog.
How to prepare?
Step 1: Ensure you have some amounts of ETH on Base in your EVM wallet in order to proceed - you can check out guides to bridge from Solana, etc here:
Step 2: Claim $PIU via https://piu.pike.finance or purchase on Uniswap on Base.
Step 3: Prepare USDT/USDC on any of the following supported chains: Base, Arbitrum, Optimism, Ethereum. Solana contributions are something we are prioritizing soon after.
Supported formats of USDC or USDT
USDC:
USDT:
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Base: NA
Step 4: Join the Pike Discord Community Presale sub-channel to be notified on the latest updates
Step 5: Tell your friends about Pike Community Presale
TLDR on What & Why:
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The Pike Community Presale is an early investment round designed exclusively for the Pike Community
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We are deliberately creating an opportunity for the Pike community to be a part of the Pike cap table from the ground floor
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Pike has bootstrapped a melting pot of liquidity, users and cross ecosyst
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Read Part 3 of blog series to learn more
Kind Reminders
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Be extremely vigilant of scammers or impersonators
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Our Team will NEVER ask you to send funds
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Pike Community Presale is conducted on https://piu.pike.finance
- Make sure you are on the right website
Resources
About Pike:
Pike is a Universal Liquidity Protocol; it is designed to unleash utility for native assets by aggregating liquidity across blockchain networks.
Pike’s vision is to become a universal liquidity layer that enables frictionless movement and accessibility of native assets across ecosystems. Pike is built on top of Wormhole’s Cross-Chain Data Messaging and Circle’s Cross-Chain Transfer Protocol (CCTP), and utilizes Pyth Network’s Price Feeds.
One fundamental primitive of Pike is to enable users to supply native assets on source chains and borrow native assets destination chains without interacting with cross-chain bridges and handling wrapped assets.
Learn more at: https://www.pike.finance/
Join the Discord at: https://discord.gg/pikefinance