Pikamoon (PIKA) ICO

The Pikamoon ICO funded an ambitious play-to-earn metaverse game inspired by classic monster-collecting titles, aiming to deliver AAA-grade visuals in a decentralized gaming world called Dreva. Conceived by three gamers in November 2022 and built by a 40-plus member team at Orbio Games, Pikamoon completed a three-stage presale raising a reported $6 million before listing on exchanges in 2024. This review covers the sale terms, gameplay design and the token's steep post-listing decline.

Pikamoon ICO Presale Structure

The token sale ran from 17 April 2023 to 27 February 2024 across three presale phases. Pricing moved from $0.0002 in the earliest rounds up to $0.0006 in the third and final stage, with a stated launch price target of $0.0007. Of a 50 billion total token supply, only 30% (15 billion tokens) was made available across the presale, with 7.5% allocated to the liquidity pool, 10% to power the in-game reward system, 12.5% held by the team, 8% for marketing and 32% reserved for ecosystem development. The project set an initial fundraising target of $6 million, which it reports achieving across its three successful presale phases.

Gameplay: Dreva and the Play-to-Earn Model

Pikamoon's game centres on Dreva, a fantasy world spanning six elemental types and 252 distinct Pikamoon species that players build into customised battle parties. Progression is driven by defeating Guardians and winning tournaments, with victories enhancing player renown and unlocking new zones like the Flame Empire and Stone Duchy. Players earn PIKA tokens through battling, exploring and trading, while an in-game NFT marketplace lets holders buy, sell, rent and trade digital assets tied to gameplay. Notably, Pikamoon shipped a functioning beta version of the game showcasing its battle system, matchmaking and team-building mechanics, going further toward a playable product than many presale-stage GameFi projects manage.

Team and Backing

The project is backed by Orbio Games, described as a 40-plus member studio, with the game concept originating from three gamers in November 2022 drawing direct inspiration from titles in the Pokémon tradition, reframed through blockchain ownership and play-to-earn mechanics.

ICO Conclusion: Real Gameplay Delivered, Token Value Did Not Hold

Pikamoon's presale reached its stated fundraising target and, unlike many GameFi promises that never materialise, the team did ship a playable beta with functioning battle and matchmaking systems. PIKA also secured exchange listings in 2024, including on Bitget, giving holders genuine liquidity options the roadmap had promised. Investor response was measured rather than explosive relative to the largest raises in this catalogue, and the post-listing period saw a familiar pattern: strong presale execution followed by a steep valuation decline once broad market trading began, a common outcome even for GameFi projects that deliver functioning products, since gameplay adoption alone rarely offsets speculative sell pressure at listing.

Current PIKA Listings, Price and Trading Volume

PIKA now trades at an extremely small fraction of a cent, in the range of $0.0000003 to $0.0000011 depending on the source, according to CoinCodex, representing a decline exceeding 99.8% from even its lowest ICO price of $0.0002. PIKA is listed on Bitget among other venues, though trading activity has thinned considerably since the 2024 listing period. The official game site, pikamoon.io, hosts the current beta and roadmap.

Project Progress and Expansion Today

Pikamoon continues development through Pikahub, its official web presence, alongside its cinematic game trailer and ongoing NFT ecosystem tied to the Electric Pikamoon and Air Ascendancy factions. For a comparison against another GameFi presale from the same 2023 wave, see the Meta Masters Guild ICO, or browse the JetTon presale review for current GameFi presales.

Red Flags and DYOR Checklist for PIKA

Consider the following: current price sits more than 99.8% below even the lowest ICO stage price, meaning virtually all presale and listing-period buyers are deeply underwater; despite delivering a playable beta, full game launch and broader adoption milestones require independent confirmation through current official channels; and GameFi tokens broadly depend on sustained player engagement to support token demand, which is difficult to verify without direct platform usage data. Confirm current Bitget listing status and beta-to-full-release progress before assuming the roadmap remains on track.

For related research, see Joysticklabs token sale and Jpostar ICO details.

Glossary

GameFi: the intersection of gaming and decentralized finance, where gameplay generates tradable tokens or NFTs. Play-to-earn (P2E): a game model where players earn cryptocurrency or NFT rewards through gameplay activities. Metaverse: a persistent, interconnected virtual world where users interact, play and transact using digital assets.

Disclaimer

This content is for informational purposes only and is not investment advice. GameFi tokens carry risks tied to both crypto markets and game-development execution. Conduct independent research before investing.