What is Picasso (PICA)?

Picasso and PICA play crucial roles in the ever-growing ecosystem and future of Composable. PICA is the native token of two blockchains - Picasso on Kusama, and the Composable Cosmos Chain on Cosmos.

PICA is the token powering cross-ecosystem IBC. As a practical example of this, Picasso currently powers cross-ecosystem IBC transfer activity between the Polkadot, Kusama, and Cosmos ecosystems, with other ecosystems including Ethereum and Solana soon to be connected this becomes a massive value proposition.

PICA token use cases

PICA functions as a native cross-ecosystem token that ultimately powers the IBC future. PICA’s utility is extensive and multi-faceted, powering a wide range of functionalities across various ecosystems. As siloed ecosystems like Polkadot and Cosmos continue to interact and cross-pollinate, value inherently accrues to the PICA token, positioning it as the backbone for a more interconnected blockchain future.

Revenue from cross-ecosystem IBC Through PICA Staking - By staking PICA users will be granted a share of the revenue (in proportion to their stake) generated from cross-ecosystem transfer activities conducted via cross-ecosytem IBC.
Network usage - as the utility token of Picasso and Composable Cosmos, PICA is fundamental for; gas payments and CosmWasm smart contracts.
Oracle staking - Picasso hosts its own permissionless oracle solution, users can choose to run their own oracle and collect rewards by providing a PICA stake.
Collator staking - as with most proof-of-stake networks, collators are required to put down a stake in order to produce blocks on our parachain. Collators are then rewarded with 25% of the fees collected on Picasso.
Validator Staking (Composable Cosmos Chain) - PICA is currently being utilized to secure the Composable Cosmos chain. This is the first instance of a token being utilized for ‘validation’ within both the Kusama and Cosmos ecosystems and highlights the critical role PICA plays within cross-ecosystem IBC.
Primary DEX pairing - Pablo is the native DEX of the Picasso ecosystem and is integrated directly into our parachain’s runtime as a specialized pallet. An essential component to its operation is PICA, which serves as one of the primary tokens for trading pairs.
Governance - The PICA token plays an important role in Composable's approach to fair and transparent network guidance and decentralization. PICA holders are responsible for governing the Picasso and Composable networks.
Liquid Staking (Coming soon) Composable prepares to roll out staked DOT (LSDOT) to underscore the direct value add and revenue that will be channeled to PICA token holders.

Where can you buy PICA?

Swap on Picasso's native DEX, app.Pablo.finance
Swap on Osmosis Zone

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