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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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  • BASKET underlying Funds
  • BASKET Fund Makeup
  • The three proposed funds

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  1. Tokenomics
  2. BASKET Tokenomics

BASKET Underlying Funds

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Last updated 4 years ago

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BASKET underlying Funds

1 BASKET token = Total Value of The Picnic Fund Locked Assets / (1/r)

Where r is the total supply of minted BASKET tokens.

BASKET Fund Makeup

Proposed Allocation of Total Fund

Fund A: 90% Fund B: 5% Fund C: 5%

Allocation can be changed via a governance proposal and vote.

The three proposed funds

  • Fund A is a crypto fund with an ever growing basket of cryptocurrencies.

  • Fund B is a NFT fund attributed to Crypto Kitties, SuperRare.co, Dapperlabs, OpensSea, Raribile, independent artists and future ventures by highly collectable franchises as determined by vote.

  • Fund C is a collection of currencies, initially mirroring the IMF SDR ratios but with the purchasing power and composition protocols to be determined by vote.

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