BASKET Underlying Funds
Last updated
Last updated
1 BASKET token = Total Value of The Picnic Fund Locked Assets / (1/r)
Where r is the total supply of minted BASKET tokens.
Proposed Allocation of Total Fund
Fund A: 90% Fund B: 5% Fund C: 5%
Allocation can be changed via a governance proposal and vote.
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.
