PIKA: A Quick Introduction
Pika is named after a small, mountain-dwelling mammal found in Asia and North America. With short limbs, a round body, and an even coat of fur, the Pika resembles a hybrid between a mouse and a rabbit. Much like its namesake, PIKA Token is a unique blend of DeFi and gaming, aiming to revolutionize the NFT and gaming crypto sphere by creating a more game-like environment in DeFi, with developmental goals and revolutionary potential.
GameFi: The Future of DeFi and Gaming
GameFi, or Gaming Finance, is a concept that combines the power of DeFi with the excitement of gaming. Pika is at the forefront of this movement, offering a complete ecosystem that includes Cyber Rogue games, NFT purchases on TheKraft, staking, and more. Since its inception, PIKA has strived to set the standard for what cryptocurrencies should be and is always looking for new and innovative ways to add value to its community.
Providing Liquidity on Uniswap
To understand how PIKA works, it's essential to know how Uniswap Liquidity Pools operate. Uniswap works with two liquidity pools tied together – one pool of ETH and one pool of PIKA. Both liquidity pools have the same value, and the price you pay when buying or selling tokens on Uniswap is determined by these liquidity pools.
As a PIKA holder, you have the option to provide liquidity. When providing liquidity, you need to put in an equal value of both, ETH and PIKA into Uniswap. In return, you receive LP (Liquidity Provider) tokens, which you can use later to remove your liquidity. As a reward, liquidity providers also earn 0.3% on every trade on Uniswap.
PIKA Staking: Rewards and Benefits
PIKA Token offers an exciting staking program with several benefits. These include:
- No more claim periods: Staking rewards automatically accumulate.
- Rewards paid in ETH: For all transactions.
- Special bonus drops: Receive NFT drops and booster packs randomly for staking!
