IKA Token: Powering Secure, Fast MPC on Sui

IKA delivers zero-trust, scalable MPC on Sui, enabling secure, fast, and interoperable Web3 applications.

IKA and the Future of MPC: Decentralized Security on Sui

As decentralized infrastructure continues to evolve, scalability, security, and cross-chain functionality remain core challenges. IKA, a protocol built on the Sui Blockchain, addresses these issues through an advanced implementation of Multi-Party Computation (MPC), designed to support decentralized applications with zero-trust security and real-time performance.

At the heart of IKA is a 2PC-MPC (two-party computation within MPC) architecture—an innovation that ensures users remain in control of their assets while enabling programmable, native multi-chain interoperability. Unlike traditional cross-chain systems that rely on bridges or wrapped assets, IKA provides direct, secure access to native assets across different blockchains.

Technical Foundations and Performance

IKA is engineered as a high-performance MPC network, capable of:

• 10,000 transactions per second
• Sub-second latency
• Hundreds of concurrent signer nodes

This infrastructure supports use cases ranging from DeFi trading to cross-chain asset custody, all while maintaining decentralization and zero-trust guarantees.

By eliminating trusted intermediaries and requiring active user participation for each cryptographic signature, IKA delivers strong Byzantine fault tolerance and removes single points of failure—a key principle in building resilient Web3 systems.

Architecture and Core Components

1. dWallets (Distributed Wallets)

A central innovation of IKA is the concept of dWallets—decentralized key management units that enable smart contracts to sign and manage assets on any blockchain without leaving the Sui ecosystem.

For instance, a DeFi app on Sui can use a dWallet to initiate Bitcoin or Ethereum transactions natively. This unlocks new paradigms in cross-chain programmable finance and custody.

2. Native Multi-Chain Interoperability

IKA supports major signing algorithms, including:

• ECDSA (used by Bitcoin and Ethereum)
• EdDSA and Schnorr (coming soon)

This compatibility allows IKA to interact directly with the native logic of external chains, enabling composability and secure DeFi operations across an estimated $2 trillion+ in blockchain assets.

3. Security Without Compromise

The 2PC-MPC protocol ensures that private keys are never fully assembled or exposed—neither to other users nor to nodes. This provides:

• Zero-trust key management
• Protection from collusion
• Non-custodial multi-chain control

The IKA Token: Utility and Governance

The IKA token underpins the protocol’s operations and security. It plays three primary roles:

• Fee Payments: Users pay IKA to MPC nodes for services such as dWallet creation, transaction signing, and key share distribution. Fees vary based on cryptographic complexity and compute cost.
• Network Security: IKA employs a delegated proof-of-stake model. Users stake tokens to support network integrity and earn rewards, while malicious behavior is penalized.
• Governance: Node operators use IKA to vote on protocol updates and economic changes, ensuring adaptability and decentralization.

Tokenomics Overview

• Total Supply: 10 billion IKA
• Allocations:
  • Community Reserve: 46%
  • Ecosystem Incentives: 8.25%
  • Core Contributors: 23%
  • Initial Supporters: 16.75%
  • Initial Community Reduction: 6%

Real-World Applications

IKA’s architecture enables a wide array of use cases across Web3:

Community and Ecosystem Growth

IKA has garnered notable traction in the Sui ecosystem:

• In April, the team closed a $21M funding round, with backing from the Sui Foundation, valuing the project at $600M.

• The NFT campaign MF Squid Market raised 1.4M SUI, marking the largest NFT event on Sui to date.

• IKA is slated for listing on MEXC, Bitget, LBank, and KuCoin, expanding access to a global audience.

An active community campaign, including NFT participation for airdrop eligibility and educational outreach around MPC and chain abstraction, also fuels the project’s growing momentum.

Leadership and Expertise

A team of seasoned cryptography professionals from Israel leads IKA:

• Omer Sadika (Founder & CEO): Strategic leader driving protocol vision.
• Yehonatan Cohen Scali (CTO): Renowned MPC expert with deep blockchain engineering expertise.

Their combined experience spans top-tier research, Web3 infrastructure, and open-source contributions.

Conclusion

IKA represents a significant step forward in secure, decentralized computation and interoperability. By combining sub-second performance with zero-trust architecture and multi-chain compatibility, it offers a robust foundation for the next generation of Web3 applications, particularly within the Sui ecosystem.

As blockchain infrastructure shifts toward greater modularity and trust minimization, solutions like IKA are likely to play a pivotal role in reshaping how decentralized applications interact with assets, protocols, and users across chains.

Official Links

• Website: https://ika.xyz/
• X (Twitter): @ikadotxyz
• Discord: https://discord.com/invite/ikadotxyz

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