The Picnic Network

Introduction

In this paper we introduce a two token ecosystem: to create and secure wealth in a decentralized system, provide access to capital market efficiencies, derisk access to cryptocurrency exposure for corporations and preserve value for individuals.

Picnic Network democratises access to wealth management and creates capital efficiencies for long term holders.

What is Picnic Network?

The Picnic Network is a multi layer DeFi platform consisting of an integrated money market, automated market maker protocol, asset wrapping and swapping, an options trading ecosystem, DEX, a corporate finance hub and an ever increasing fund of community assets.

The evolution of the Picnic Network is detailed in the project roadmap.

The Picnic Network is an application specific parachain of Polkadot built with the substrate framework

What is Picnic Token?

Picnic Network token (PICNIC) has a limited supply of 500M. PICNIC is the primary token which will be used for activity and governance on the Picnic Network.

The structural innovation of PICNIC allows for continued contributions to the Picnic Fund, creating expansion in the Picnic Fund anti-inflationary value token, BASKET.

What is Basket Token?

Picnic Fund token (BASKET) has an unlimited supply.

BASKET token is an anti-inflationary reserved assets fund. BASKET is distributed as rewards on the PICNIC chain. PICNIC is the governance token for BASKET.

What is the Value of Picnic Network Tokens?

PICNIC token’s value is derived from its utility in allowing actions to be taken on the Picnic Network, its governance of the Picnic Fund and its limited supply. The Total Value Permanently Locked in BASKET token’s underlying fund is perpetually increasing due to the compounding loops of the two token system.

PICNIC’s value is based on the approach to market, the proposed technology, the attractive use cases and the tokenomics of the platform which creates opportunities for an anti-inflationary store of value and market speculation.

BASKET token’s value is derived from its underlying fund, the rebalancing mechanisms of the fund’s purchasing power ratios and activity on the Picnic Network.

The whole Picnic Network adds value through its innovative architecture which delivers capital efficiency to all token holders.

The tokens will be used to add value to the other cryptocurrencies through participation in the network - see the technical roadmap for use cases.