Rank: 873
403 Watchlists
Blockchain Infrastructure
PICA Price
Contracts/Explorers:
Ethereum
Funds and Backers
No funds found yet
Wallets
No wallets found yet
Picasso is the infrastructure layer pioneering interoperable DeFi solutions.
IEO
12 Nov — 13 Nov 2023
Raised
$ 120.00K
Price:
Tokens For Sale:
6,857,143
Platform:
N/A
Lock-up:
100% unlock
Picasso is a custom-built layer-1 blockchain, with a native token $PICA. It is built on the Kusama network, and as such exists within the wider DotSama ecosystem. As a result of its use of a parachain, Picasso is both highly secure and efficient, and as an outcome of its proprietary technology stack, it is natively interoperable. Picasso offers an entire cross-chain interoperable technology stack. It helps overcome the issue of liquidity fragmentation through reduced transaction costs, composable applications that enable flexible liquidity movement, and novel solutions to address key issues in the DeFi space. Picasso sits within the DotSama ecosystem. As such, it is able to open XCM channels to other parachains to enable seamless, secure, and costless transactions and liquidity movement without gas fees.
In addition, Picasso maintains the Centauri IBC-Substrate bridge, which enables it to connect to IBC-enabled blockchains starting with the Cosmos ecosystem, as well as Mosaic, the transfer availability pallet, which opens up a bridge to connect to EVM-compatible Layer 1s and 2s. Picasso’s suite of DeFi primitives like the Pablo DEX, are designed to attract and maintain deep liquidity through novel technology innovations, and strong alignment with user incentives.
PICA is the native token of the Picasso parachain. While the PICA token provides the community a strong voice and rewards for participating within the ecosystem, it is also fundamental for the operation of collators and oracles. Thus, the PICA token is fundamental for governance, network usage, and the security of Picasso.
Picasso's current price is $ 0.00554, it has dropped -4.36% over the past 24 hours.
Picasso's All Time High (ATH) of $ 0.0268 was reached on 6 Jan 2024, and is currently -79.3% down.
The current circulating supply of Picasso is 4.74 Billions tokens, and the maximum supply of Picasso is 10.00 Billions.
Picasso’s 24 hour trading volume is $ 487.63 Thousands.
Picasso's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 26.27 Million.
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