picasso

00Abstract

picasso is a fractionalized cubist self-portrait you can own in part. The painting is the token: a single canvas partitioned into 1,000,000 pieces across 1,000 plots. To hold a piece is to hold a literal percentage of the work.

The system is built around one loop: activity creates fees, fees fund token buybacks, and buybacks remove supply and lift the price. Every incentive points the same direction: up.

01The Painting

picasso is not a mascot bolted onto a token. picasso is the token. There is no council and no foundation — the painting on screen is the asset itself, surveyed into claimable land.

Two parts keep the market moving:

• The canvas — a fixed supply of 1,000,000 pieces, drawn as an interactive mosaic fenced into exactly 1,000 claimable plots (see The Last Canvas). This never inflates. picasso cannot be diluted; it can only change hands.
• The treasury — it collects every fee the system produces and converts it into token buybacks.

Other wallets can mint and trade around the clock, and the treasury fills and fires on its own. You are joining a land market already in motion.

02Ownership & the % Model

Ownership in picasso is deliberately concrete. The painting is 1,000,000 pieces and not one more. If you hold 10,000 pieces, you own exactly 1.000% of picasso. If you hold 250,000, you own a quarter of the canvas. Those pieces are parceled across exactly 1,000 plots — the whole painting, and the last canvas picasso will ever sell (see The Last Canvas).

What owning a piece means

• Proportional exposure. Your share of the painting is your share of the supply — no more, no less.
• Transferability. Pieces are freely tradeable. Mint them, claim a plot of the canvas, hold them, or list them for others.
• Alignment. Because buybacks lift the price of every piece equally, the treasury works for you the moment you hold anything at all.

03The Last Canvas — Claiming Plots

At the center of the app, the painting is drawn as one big interactive mosaic — surveyed and fenced into exactly 1,000 plots. Every plot is clickable, and together the thousand of them are picasso: 1,000 plots = 100% of the canvas. There is no other primary supply, no reserve held back, no sequel drop. This is the last canvas picasso will ever sell.

Finality is the whole point. Once a plot is claimed it leaves the map for good, and the only way anyone else gets it is to buy it from its owner. When the map fills, primary issuance is over forever — picasso becomes a fixed, fully-settled territory, and the only frontier left is the secondary market.

Plots, area & your stake

Plots are not uniform — the painting is a canvas, not a spreadsheet — so they vary in size. A plot's weight is simply how much of the image it covers:

Because every plot's stake is carved from the same canvas, all 1,000 plots sum to exactly 100% and exactly the full 1,000,000 pieces. Claiming a large plot moves your ownership percentage more than claiming a small one — the map lets you choose how much of picasso you want, not merely whether you're in.

Reading the map

Every plot wears its status openly, so the mosaic doubles as a live ownership map:

Hover any plot for a quick tooltip — its plot number, area, price, and the price impact claiming it would have. Click a plot to open its full details panel on the right.

The plot panel

Clicking a plot slides out a details panel laying out everything you need before you commit:

• Price (ETH) — what this exact plot costs to claim right now.
• Ownership % — the stake this plot represents in picasso.
• Area / cells — how many glyphs of the canvas it spans.
• Plots claimed — the running X / 1000 across the whole canvas.
• Current impact — how much this purchase nudges the price.
• Status — unclaimed, yours, or held by another wallet.
• A BUY FOR Y ETH button that claims the plot outright.

Claiming a plot

Hitting BUY on an unclaimed plot settles it in a single motion:

You pay the plot's price, a standard 4% fee is routed 100% to the treasury, and the plot's full allocation of pieces is minted straight to your wallet — lifting your ownership percentage by exactly that plot's stake. The plot flips to bright, glowing yours, the X / 1000 counter ticks up, and the map lights a little further toward full settlement. The same fee that buys you land also feeds the token buyback described in Treasury & Buyback.

04Minting & the Curve

Pieces enter circulation through minting. You exchange ETH for freshly minted pieces drawn from the unminted reserve. Minting is how you get your first slice of picasso, and it is priced on a bonding curve: the more of picasso that has been minted, the more each remaining piece costs.

The price function

The live floor price is derived transparently from two inputs — how much has been minted, and how much the treasury has bought back:

Two things fall out of this design. First, early minters pay less per piece than late minters — the curve rewards conviction. Second, buybacks are weighted far more heavily than raw minting (a factor of 34 versus 6), so the treasury's activity is the dominant force on price over time.

Fees on mint

Every mint carries a 4% fee, routed in full to the treasury. You are, in effect, funding the buyback that supports the very pieces you just minted.

• You choose an amount of ETH to spend.
• 4% is skimmed to the treasury; the remainder buys pieces at the current price.
• Your ownership percentage updates instantly.

05The Marketplace

Once you own pieces, you are free to put them up for sale. The marketplace is peer-to-peer: you set the quantity and the price per piece, and your listing sits alongside everyone else's. Buyers take the best price they can find, which establishes picasso's floor.

Listing your pieces

• Choose how many pieces to list and your asking price per piece.
• Listed pieces are escrowed out of your holdings until they sell or you cancel.
• Cancel any time to return pieces to your wallet.

Buying from others

Buying a listing transfers its pieces to you instantly. As with minting, a 4% fee on every marketplace trade is routed to the treasury — meaning secondary trading is itself a buyback fuel source. picasso profits from its own liquidity.

06Treasury & Buyback

This is the heart of picasso. The treasury is a perpetual buyback engine with a single, non-negotiable rule:

The loop

Why buybacks push price up

Each buyback does two things at once. It applies real buy pressure on the open market, and it permanently removes those pieces from circulation. In the price function, bought-back supply is weighted at 34× — so every buyback ratchets the floor upward and, unlike ordinary demand, it never sells back.

Automatic and manual

• Automatic: once the treasury accumulates enough fees, it fires a buyback on its own, day and night.
• Manual: anyone can open the Treasury panel and Trigger buyback now, spending 100% of the current balance immediately.

The Treasury panel shows the live loop end to end: fees collected, current balance, total spent on buybacks, pieces removed, number of buybacks executed, and the cumulative price impact since genesis.

07Tokenomics

There is no emission schedule, no vesting cliff, and no inflation. Supply only ever moves in one direction relative to the float: out of circulation, via buyback. Distribution happens entirely through open minting and secondary trading, on the same terms for everyone.

08Roadmap

1. Phase I — Launch. Minting opens, the land market goes live, and the treasury begins its first token buybacks.
2. Phase II — Market. Deeper treasury analytics and a public buyback ledger.
3. Phase III — Community. Holder-steered treasury cadence.
4. Phase IV — Settlement. Fully community-run buybacks once the last canvas is claimed.

Roadmaps are intentions, not promises. picasso evolves with its holders.

09FAQ

10Glossary

Piece — one of the 1,000,000 indivisible units that make up the painting; the thing you own and trade.

Bonding curve — the pricing rule where each newly minted piece costs slightly more than the last.

Floor — the lowest price picasso is currently available for, set by the cheapest active listing.

Treasury — the onchain wallet that collects fees and executes token buybacks.

Buyback — a treasury purchase that removes pieces from circulation and pushes price up.

Plot — one of 1,000 claimable parcels of the canvas. Together they are 100% of picasso.

11Risks & Disclaimers

By using picasso you acknowledge that it is provided "as is," without warranties of any kind, and that you alone are responsible for your decisions. picasso is not your financial advisor.