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Picnic Network
  • Welcome
  • PICNIC WHITEPAPER
    • Abstract
    • The Picnic Network
  • Tokenomics
    • Two Token Ecosystem
    • PICNIC Tokenomics
      • Token Supply
      • Staking & Yield
      • Fees & Rewards
    • BASKET Tokenomics
      • BASKET Underlying Funds
      • BASKET Fund Rebalancing
  • Utility & Governance
  • PICNIC NETWORK TECHNOLOGY
    • Technical roadmap
    • Picnic Network's Design & Goal
    • Core Project Areas
    • Screen Designs
    • Basket Project Goals & Accrual
    • Picnic Network USPs
    • Custody
  • Appendices
    • Security measures
    • Disclaimer
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  1. Tokenomics

BASKET Tokenomics

PreviousFees & RewardsNextBASKET Underlying Funds

Last updated 4 years ago

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BASKET is a value coin with ever increasing purchasing power.

BASKET is created by minting tokens i.e depositing to the fund with a Picnic Network fee of 1%

70% of the Picnic Network fees contribute to the Picnic Fund, see .

90% of this expansion is distributed in newly minted BASKET to PICNIC holders. The remaining 10% remains in the fund, this ratio is subject to governance.

The only methods of acquiring BASKET are to mint it directly or receive it as a reward for participating in the Picnic Network (i.e holding and using PICNIC).

The management and custody of these funds (the Picnic Fund) will be decentralised, democratic and permissionless.

BASKET Rebalancing