How to support Picasso?
The Picasso Crowdloan has Reopened
Original article: https://composablefi.medium.com/the-picasso-crowdloan-has-reopened-945e536076df
With the next auction commencing on October 23rd, 2021, the Picasso crowdloan is reopening to both KSM and stable coins. We are excited to see there being additional rounds of auctions for Kusama parachains, and would like to be first movers.
Hence, the crowdloan has already opened for this round of contributions. It is available at https://crowdloan.composable.finance/. The early participation bonus of 5% applies to users who have already participated as well as those who participate in the 12h period starting at 10pm CET. Users who participate in the first three days will receive a 10% bonus.
To get up to 20% use the referral code:
https://crowdloan.composable.finance/kusama?refCode=jh1D3Z
Additional Rewards Beyond Prior Round
As mentioned previously, there will be a 5% bonus to contributors who previously staked in our crowdloan, and restake the same amount or greater. The bonus will be subject to the amount contributed to the prior round. Additionally, there will be 5% additional PICA tokens as rewards set aside should we pass 100,000 KSM.
PICA Token Use Case
50% of PICA received upon contributing to our crowdloan is released at TGE with the remainder being released linearly within 48 weeks in order to be used in various use cases in our ecosystem: transaction fees, governance (voting which pallets built on Picasso are upgraded into the runtime and what projects will be migrated to the DOT parachain), staking PICA for the Apollo, our MEV-resistant oracle, and collator staking. Additionally, stakers of PICA will be able to earn tokens from projects incubated by Composable Labs that deploy on Picasso, as mentioned previously here.
Parachain Auction Telegram Bot! All the information on each and every crowdloan campaign, accessible in one place.
What about its features?
We’ve designed the functionality to be as simple and straightforward as possible.
You can:
- share projects and terms of participation there with your friends;
- add projects to your favorites;
- see instructions on how to participate in a crowdfunding campaign.
And this is what the Crowdloan Info Bot is about.
How to support Picasso?
1.Creating a New DOT/KSM Account
https://telegra.ph/Creating-a-New-DOTKSM-Account-10-16
3. Select — contribute with KSM
4. Select account.
5. Enter the amount of KSM tokens (Ensure that you have unbonded KSM in your Polkadot.js account)
6. Use the referral code: jh1D3Z
7. Click “Contribute”
8. Sign your transaction in Polkadot.js extension
9. Congratulations!
10. You can check your contribution here in My contributions tab.
