NETWORK

The Picnic Network is a two coin ecosystem. Picnic is the governance and utility token and Basket is a value coin with a reserve asset fund.

Use of the Picnic Network expands the value of the Basket Fund with these rewards distributed proportionately across the tokens.

Picnic Network Ecosystem Infographic -> Picnic Token
Picnic Network Ecosystem Infographic -> Basket Token

BASKET FUND

Picnic Uses Smart algorithms for Fund Rebalancing

SMART REBALANCING

The smart rebalancing algorithm uses a +/-5% corridor to offer a spread on minting assets in the Basket fund.

Priority creating Arbitrage and Health

Smart Arbitrage

The rebalancing algorithm's priority is first to offer a discount or charge a premium on minting, then purchases followed by sales to bring the fund into tolerance.

Added velocity increases positive bonding curve

Bonding Curve

The smart rebalancing, liquidity rewards, network fees and redemption accruals result in an accelerated bonding curve. This expands the basket fund and adds value to the Picnic Network

ROADMAP

2021 Q2
2021 Q3
2021 Q4
2022 Q1
2022 Q2
2022 Q3
2022 Q4
2023 Q1
2023 Q2

2021 Q2: Test net - transfer picnic, mint basket, redeem basket

2021 Q3: Governance portal, basket fund data streams

2021 Q4: Staking, bonding, wrapping, lending picnic

2022 Q1: DEX, AMM

2022 Q2: Insurance policy integration, margin trading

2022 Q3: Basket smart rebalancing, smart staking, augmented lending pools

2022 Q4: Cross chain wrapping & swaps

2023 Q1: Synthetic derivatives

2023 Q2: Top level exchange listing

TEAM

 

Richard Curran


Education

  • MA Business Edinburgh University (2008)

Work History

  • Founder & CTO Flash (2006-08)
  • Securities Associate State Street (2008-09)
  • Founder & CEO Local Lessons (2009-17)
  • Founder & CTO SkyRocket Apps (2013-20)
  • CTO NxInvest (2015-17)
 

Jamie Curran


Education

  • MA Business Edinburgh University (2008)

Work History

  • Founder & CEO Flash (2006-08)
  • Securities Associate State Street (2008-09)
  • Founder & COO Local Lessons (2009-17)
  • Founder & CEO SkyRocket Apps (2013-20)
  • COO NxInvest (2015-17)