Ithaca Protocol Launches Its IDO on ChainGPT Pad!
We are excited to announce the launch of Ithaca Protocol on ChainGPT Pad! Ithaca Protocol is reshaping the landscape of decentralized options trading by introducing a robust, user-friendly platform that empowers both professional and everyday traders. With its advanced auction-based matching engine and innovative tools, Ithaca simplifies complex trading strategies, optimizes liquidity, and ensures fair pricing for all participants.
By participating in Ithaca Protocol’s IDO, you join a project that is set to make a significant impact on decentralized finance at such a pivotal point in its timeline.
Don’t miss your chance to be part of the Ithaca Protocol IDO on ChainGPT Pad!
What is Ithaca Protocol?
Ithaca Protocol builds a non-custodial options trading platform on Arbitrum, with plans to expand to Base and Solana. By using an auction-based matching engine, Ithaca optimizes liquidity and simplifies complex trading strategies for both professional traders and newcomers.
Here’s what sets Ithaca Protocol apart:
- Options Market Leader: Ithaca consistently ranks among the top four options protocols on DeFiLlama, with steadily growing volumes.
- Liquidity Solutions: Ithaca resolves long-standing liquidity fragmentation issues in the options market.
- Advanced Trading Infrastructure: The protocol provides features like composable linear combinations, vanilla and digital options, and principal-protected strategies.
- User-Friendly Access: Ithaca offers tools like IthacaGPT, which simplifies options trading for beginners, and the Ithaca Telegram Trading Bot, enabling users to trade options directly within Telegram.
- Diverse Stories for Traders: Ithaca introduces "Stories" which are predefined trading strategies tailored to different market conditions. These include options like Bets, Earn, Bonus, Twin-Win, Barriers, Contingent Premium Calls/Puts and Accumulators, offering users flexible tools to execute complex strategies efficiently.
Ithaca aims to dominate the options trading space across multiple blockchains and serves as the “Uniswap of Options.”
Why Ithaca Protocol Matters
Ithaca Protocol tackles major challenges in decentralized options trading:
- Fixing Liquidity Fragmentation: Ithaca pools liquidity across chains using Axelar’s cross-chain technology, ensuring seamless operations.
- Simplifying Trading and Risk Management: The platform breaks down options into building blocks, making trading transparent and easier to manage.
- Optimizing Capital Usage: Collateral optimization reduces capital requirements, making trading more efficient and accessible.
- Ensuring Fair Trading: Ithaca’s auction-based matching engine mitigates Maximal Extractable Value (MEV) risks, ensuring fairness in pricing.
- Introducing Dynamic Features: Ithaca provides advanced tools like conditional orders and dynamic strategies, giving users more flexibility and engagement.
Ithaca enables traders and investors to access an efficient, scalable, and user-focused options market.
Ithaca Protocol Tokenomics
Here’s a detailed breakdown of the $ITHACA token powering the protocol:
- Total Supply: 1,000,000,000 (1B)
- Public Round Token Price: $0.035
- Raise on ChainGPT Pad: $300,000
- Tokens for IDO: 8,571,428
- Vesting: 40% TGE unlock, remaining distributed over 6 months (as per tokenomics)
- Initial Market Cap (Without Liquidity): $498,750
- Initial Market Cap (With Liquidity): $2,248,750
- Circulating Supply at TGE: 64,250,000 (6.425% of total supply)
- Fully Diluted Valuation (FDV): $35,000,000
The $ITHACA token fuels the protocol by supporting liquidity incentives, governance, and fee distribution.
Major Milestones and Achievements
Ithaca Protocol has reached several key milestones that highlight its potential for growth:
- Deployed on Arbitrum Mainnet: Backed by three security audits, Ithaca continues expanding its liquidity pool.
- Received Arbitrum Foundation Grant: The grant supports Ithaca’s development and growth within the ecosystem.
- Built a Strong Community: Ithaca has grown a loyal user base through liquidity-supportive point systems and airdrop campaigns.
- Launched User-Friendly Tools: Ithaca introduced IthacaGPT and a Telegram trading bot to simplify options trading.
- Gained Market Traction: Ithaca consistently ranks among the top options protocols on DeFiLlama.
These achievements demonstrate Ithaca Protocol’s readiness to scale and its strong foundation for future growth.
The Team Powering Ithaca Protocol
A team of seasoned professionals with decades of experience in traditional finance, crypto markets, and options trading powers Ithaca Protocol:
- Trading Experts: Team members bring a deep understanding of options and volatility markets, honed through years of experience in traditional and crypto finance.
- Technical Specialists: The team designs robust, auction-based systems to ensure efficiency and scalability.
This talented team is committed to delivering Ithaca Protocol’s vision for accessible, efficient options trading. More information here.
Partners and Investors
Ithaca Protocol partners with and receives backing from industry leaders, including:
- Investors: Wintermute, Cumberland, Room 40, Ghaf Capital Partners, and prominent angel investors.Full list here.
- Partners: Axelar, Arbitrum, Halborn (security audits), Quantstamp (audits), Klima Foundation, and others.
These collaborations strengthen Ithaca’s credibility and support its mission to improve decentralized options trading.
Why Join the Ithaca Protocol IDO?
By participating in the Ithaca Protocol IDO on ChainGPT Pad, you support a project that simplifies options trading and improves liquidity in DeFi markets. Ithaca Protocol combines advanced technology, experienced leadership, and a clear roadmap to build a robust options ecosystem.
Seize the chance to join a growing platform that’s transforming decentralized finance.
Visit ChainGPT Pad today and secure your spot in the Ithaca Protocol IDO!
