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Drops 04 : MyPics token ‘PICS’

Dear members of the KLAYswap community!

Today, we are very excited to announce the fourth KLAYswap Drops event — MyPics token ‘PICS’.

MyPics is a Fandom-Centric Entertainment NFT Platform. It provides the market with attractive collectable digital NFTs can be consumed and owned by public fans in the entertainment fields, such as film/animation/performance. Furthermore, fans can become creators of secondary creations through MyPics NFT, and the platform ultimately aims at building a creator culture with a virtuous cycle model that supports these creators.

PICS are utility and governance tokens distributed within the MyPics platform and are used for purchasing NFT works or governance voting. For example, people might want to consume tokens to get NFTs with high rarity or use for governance voting. The PICS Treasury is a kind of NFT governance pool. Users or fans on the platform can directly and transparently participate in the voting process for attracting IP in their preferred entertainment field or investing in new creators through the governance function. Additionally, PICS have both inflation and deflation models. PICS tokens are distributed to PICS Treasury participants, and a portion of the revenue secured through the PICS Treasury will be burned.

PICS Airdrop will be performed for 7 days, from Nov. 02 to Nov 08. Total amount of PICS that will be airdropped through KLAYswap Drops is 300,000. The amount each user receives will be dependent on snapshots of vKSP voting power, based on their KSP staking. Tokens can be claimed after Nov 08, after the airdrop event is over.

If you are a user who is currently staking KSP, you are automatically eligible for the new project airdrops Drops offers. Tokens will be airdropped based on the snapshot of the user’s vKSP quantity after KSP staking, and the snapshot will be held once a day at 9:00 am (KST/UTC+9). In order to receive the airdrop, you must have vKSP before the snapshot.

How to stake KSP

1) Launch of the first MyPics platform

2) Launch of the MyPics membership NFT

3) Launch of Entertainment NFT Collectibles

4) Partnership and Advisor Announcement

5) Launch of a Staking/Mining-based NFT product

1) Klayswap Liquidity Pool : 30%

2) Partners/Council : 10%

3) PICS Treasury : 35%

4) Marketing : 10%

5) Event : 5%

6) Dev. Allocation : 10%

PICS Token Details

- Official Website : https://picstoken.com/

- Telegram : https://t.me/PICS_Community

- Twitter : https://twitter.com/MyPics_official

- Medium : https://medium.com/@MyPics

- Whitepaper : https://mypics-public-s3.s3.ap-northeast-2.amazonaws.com/whitepaper.pdf



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KLAYswap is an AMM-based swap protocol that allows users to swap any KCT token on the basis of KLAY. The active website is https://klayswap.com