šØš” Empowering Cross-Chain DeFi with Picasso! šš
š Let's dive into key features and potential of #PICA in this captivating thread! š§µš
1ļøā£ Introduction and Overview: Picasso is a unified network supporting multiple L1 blockchains across Polkadot, Kusama, Cosmos, and beyond. It maximizes ecosystem potential by providing cross-chain DeFi infrastructure and trustless bridging solutions.
2ļøā£ Technology and Features: Picasso powers cross-ecosystem IBC transfer activity, leveraging and expanding upon the existing Inter-Blockchain Communication (IBC) protocol. It hosts various cross-ecosystem applications, assets, and tools for enhanced utility and value.
3ļøā£ Whitepaper Analysis: The whitepaper highlights Picasso's role in maximizing Kusama and Polkadot's potential through cross-chain DeFi infrastructure and trustless bridging solutions. It enables developers to pioneer cross-chain smart contracts with Composableās XCVM.
4ļøā£ Use Case: PICA powers the IBC Hub, supporting cross-chain interaction and execution. It serves as a natively cross-chain token, powering functionalities across various ecosystems.
5ļøā£ Team and Leadership: Composable's team comprises approximately 30 individuals, with key members including Henry Love, Omar, Blas Rodriguez Irizar, and Miguel SantefĆ©.
6ļøā£ Partnerships: Picasso has partnerships with multiple L1 blockchains, including Polkadot, Kusama, and Cosmos, with plans to connect with Ethereum and Solana.
7ļøā£ Tokenomics: With a total supply of 10 billion tokens and circulating supply of 4.74 billion tokens, PICA distribution includes allocations for founders, contributors, partners, treasury, incentives, and liquidity programs.
8ļøā£Exchanges: PICA tokens are tradable on centralized and decentralized exchanges, like Gate.io, BingX, osmosis, Uniswap V2.
9ļøā£Conclusion: Picasso is a promising project offering cross-chain DeFi infrastructure and trustless bridging solutions. With its native token PICA and partnerships, it's set to shape the future of decentralized finance.
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