Pico is a protocol for decentralized exchange built on Edgeware, a pioneering Polkadot smart contract blockchain.
In 2019, Edgeware conducted its genesis distribution by allocating 90% of the network to participants in the lockdrop, who timelocked ETH to receive genesis EDG. In 2020, the network launched and activated on-chain governance, allowing holders to come forth and participate in a true community-led governance process.
Many projects have already announced their intention to build on Edgeware, including DeFi protocols for privacy, perpetuals and synthetic options, and undercollateralized lending, and core infrastructure like mixers and NFT ecosystems.
Decentralized Finance has become a massive…
We announced the PicoSwap project on May 3rd and are back to give full clarity into the token distribution. Our decisions for this distribution had a few major considerations: