Picasso Crowdloan Detail

1/ In the setting of the first Polkadot crowdloan is coming very near, the entire community was astonished with more parachain slots competition on Kusama.

All the candidates are trying their best to achieve a slot, and Picasso is one of them. Let’s find out below!

2/ Composable aims to build an ecosystem for dapp developers, as stated in their website, irrespective of their underlying L2 scaling layer or L1 blockchain and build EVM-compatible apps that communicate natively, in a composed manner.

3/ Picasso - Composable’s canary network, served as their experimental RnD chain, allows devs, especially DeFi Dapp devs, to jump on without the need to build another parachain, while using their own voting mechanism to add pallet & tools for developing their dapp.

4/ Their team has launched their own created pallets to accommodate DeFi devs: Apollo-an oracle pallet, Cubic - a DeFi vault pallet, Angular-an isolated lending pair protocol built on top of Picasso, Mosaic, a l2 to l2 bridge, & Layr, a cross-ecosystem value-accrual mechanism.

5/ Picasso is already running their KSM Crowdloan. For 1 $KSM you can get 20,000 $PICA, which the participant can get 50% of their token upon TGE, & the remaining 50% released linearly in 48 weeks. $PICA total supply is 10B, and for crowdloan is 2B (20% from total supply).

6/ Led by Cosmin Grigore, Composable & Picasso funding round led by Advanced Blockchain AG & Rarestone Capital, raising a total USD 7 millions, also along the name of the investors are Alameda Research, DFG, Hypersphere, etc.

7/ For more info regarding Picasso, check: https://dotmarketcap.com/coin/picasso

You can also visit their website http://picasso.composable.finance, their http://discord.gg/pFZn2GCn65 to hang out with the community & their http://github.com/ComposableFi/ to see what they do.

8/ To update the progress of Kusama parachain auction, check: https://dotmarketcap.com/auction/