**Overview**

Picasso needs to bolster the growth of the protocol, and this proposal aims to transfer any unclaimed, dormant and unutilized PICA tokens from the Crowdloan pallet to the Picasso Treasury. This initiative aims to optimize the utility of unclaimed assets, especially from inactive network supporters.

**Proposal Details**

Transfer of Unclaimed PICA Tokens: The governance action will involve transferring all unclaimed PICA tokens from the Crowdloan pallet to the Picasso Treasury. This process will be executed when the proposal goes on-chain.

**Incentive**

Treasury Augmentation: By consolidating unclaimed crowdloan rewards into the Picasso Treasury, the protocol will have access to additional resources for development, marketing, and ecosystem expansion. A well-funded treasury is crucial for Picasso's long-term sustainability and competitiveness.

Community Activeness: Picasso needs to actively engage with the community and these tokens have been available to claim for months now but have not been. Similar actions have been seen in Cosmos with Celestia, Namada and other projects only allowing users to claim an airdrop within a specific period.

Community Growth: A robust treasury enables Picasso to fund initiatives such as grants, partnerships, and incentives, which can attract and retain developers, validators, and other stakeholders. This, in turn, enhances the protocol's growth and adoption.

Market Stability: A large treasury provides Picasso with the capacity to navigate volatile market conditions, allowing the protocol to maintain stability and liquidity, support ecosystem projects, and withstand economic downturns.

Tokenomics Enhancement: By redistributing unclaimed tokens to the treasury, the ecosystem benefits from improved token distribution, participation incentives, and overall health.

Transferring unclaimed PICA tokens from the Crowdloan pallet to the Picasso Treasury is a strategic move to enhance the protocol's growth, financial stability, and tokenomics. It addresses the concerns of delayed token claiming, thereby strengthening the trust and engagement of Picasso's community. I believe that this proposal will contribute positively to Picasso's long-term success and having seen similar initiatives on other projects, I think this is the correct way to go.

I encourage all stakeholders to leave feedback and vote on this proposal and am proud to be one of the first proposers.

**Extrinsic for proposal**
`0x390a01000000000000000000000000000000006d6f646c70616c5f63726f770000000000000000000000000000000000000000006d6f646c7069636174727379000000000000000000000000000000000000000000`

Transfer Unclaimed PICA from the crowdloan to the Treasury

Auction Admin

**Problem Statement and Audience**
- Problem: Unclaimed, dormant, and unutilized PICA tokens from the Crowdloan pallet need to be transferred to the Picasso Treasury.
- Audience: Picasso protocol stakeholders and community members.

**Significance**
- By consolidating unclaimed tokens, the protocol will have additional resources for development, marketing, and ecosystem expansion.
- A well-funded treasury is crucial for Picasso's long-term sustainability and competitiveness.
- Transferring tokens enhances community engagement, growth, market stability, and tokenomics.

**Proposed Solution**
- Transfer unclaimed PICA tokens from the Crowdloan pallet to the Picasso Treasury.

**Expected Outcomes**
- Augmented treasury for development, marketing, and ecosystem expansion.
- Increased community engagement, growth, and adoption.
- Improved token distribution, participation incentives, and overall tokenomics.

Transfer Unclaimed PICA from the crowdloan to the Treasury

No Active Proposals