Pyramidion, PYRA, Mars Money, The Advocate Coin:
A De-coupled, Global Index, Decentralized App Barter Credit Utility Token
A p2p electronic barter system
A pyramidion is the highest block or peak of a structure. PYRA's namesake describes the concept of the barter credit methodology and the number of blocks in its construction. PYRA is nicknamed “The Advocate Coin” due to the personality type of the concept's visionary, and the nature of the token itself. PYRA is non-sovereign and represents a global economy and is envisioned to be the chosen asset for Mars at colonization via interconnected and Starlinked' Ethereum blockchains. PYRA is an ERC20 standard token with a .01% SCIF (Smart Contract Interaction Fee) in PYRA. PYRA has a total supply and is not pegged to any single currency, technology, asset, real estate, resource, or state. PYRA is a Utility token that captures equity/value from the exchange of goods or services where fiat or cash is usually not involved (supported use case). It is digital means of barter utilizing blockchain technology and a process to collateralize tokens by individuals - true public DeFi and a bridge between our future financial systems and our oldest and most equitable style of transaction - barter. PYRA's Barter Credit is derived and reaches a consensus from the totality of the cryptocurrency/digital asset market. The concept came to mind in October of 2017 and would not have been viable without the explosion of digital asset creation. Please read the Barter Credit methodology section for a detailed explanation. Like a pyramid, it takes many years and a lot of builders to reach the construction phase of placing the Pyramidion.
PYRA is a NETA token (Non-Exchange Traded Asset). The smart contract has no API (Application Programming Interface) which is a software intermediary that allows two applications to talk to each other. The PYRA smart contract has no special instructions outside of the Smart Contract Interaction Fee (anti-spam). Pyramidion does not report pricing to an exchange, wallet, or platform and customers may choose their wallets. A peer can list PYRA on a DEX (a decentralized exchange, which is peer to peer) but there is no "pricing" information reported for PYRA through API. Utilize the PYRA App to calculate the number of tokens to send and your Barter Power (USD).
Pyramidion Cryptocurrency LLC shall not buyback or convert PYRA tokens to fiat or other VC. Pyramidion Cryptocurrency LLC shares no common interest with its purchasers. No ownership is granted in Pyramidion Cryptocurrency LLC with token purchases. No ownership is claimed by Pyramidion Cryptocurrency LLC for goods or services bartered with PYRA tokens. Pyramidion offers no goods or services for the token outside of the PYRA calculator and displaying the Barter Credit Excel Sheet for convenience (you may host your own). Assets used for trading for PYRA tokens belong to Pyramidion Cryptocurrency LLC as a purchase, not fundraising and investment. The project is developed and no manager, company, or centralized entity directs the development of the PYRA token project. Pyramidion is sufficiently decentralized in operation, has a clear working product and the value of the PYRA token is tied to utility and not the expectation of profit - token barter credit appreciation does not equate to profit.
Barter Credit Methodology
PYRA (along with many industry-leading service providers) utilizes Coingecko's API (GOAT) to populate a column in a Microsoft Excel spreadsheet. Almost every available asset traded on the exchanges is inserted into a column with its current price. All "null" values, errors, and assets trading below a penny are removed (PYRA's quarry). A simple average is then calculated. This is the Barter Credit assigned to a single PYRA token. The barter credits are currently equal to $1 USD for math and tax calculations. (Any future currency changes in the USA will reflect on a one to one basis with PYRA for math and tax calculations)
The API utilizes pool-data and covers almost every asset on the exchanges. There is no need for real-time data with Pyramidion as it is not an exchange-traded asset, but still gives an accurate snapshot of the crypto space. The API automatically adds or removes digital assets in the spreadsheet. The Barter Credit is auto-updated every five minutes. In the case of an API stoppage, there will be a freeze on the Barter Credit until all operations are fully functional - this has not occurred to date and is unlikely unless the crypto space shuts down.
Problems / Solutions
Compatibility: Why try to reinvent the wheel? This is why Pyramidion chose Ethereum. Ethereum is not just a cryptocurrency or store of value. It is a software platform. There is a very large development community with the Ethereum platform. Pyramidion can interact with many platforms as an ERC20 standard token. Your security and seed phrases are your responsibility. It is not recommended to screenshot a Seed Phrase and save it to a phone or computer. Use a password and two-factor or two-step authentication if it is available. Pyramidion cannot recover passwords, seed phrases, or tokens for your wallet. Transactions are not reversible. Your platform must accept ERC20 tokens to receive PYRA. Do not use an exchange/hosted wallet like Coinbase to accept PYRA tokens or your PYRA tokens will be lost forever. If you like Coinbase they have a DApp wallet that can accept ERC20 tokens and you can connect and transfer coins directly from your Coinbase account to the Coinbase DApp wallet. MyEtherWallet (MEW) and MetaMask are also great options.
Ease of use / Accessibility: PYRA can be utilized by any ERC20 capable wallet. Add the PYRA App to your favorites in your browser or create a link on your cell phone. The APP is a custom calculator. For bartering a QR code can be scanned in person or sent in any platform's messaging service capable of sending a photo: FB messenger, Whatsapp, Slack, Telegram, Signal, Twitter, Skype, Zoom, Instagram, etc. Of course, a peer can simply send their receive Ethereum public key to receive the PYRA tokens. ENS Domain names are a recent development making it easier to type in a peer's user name instead of a long key. Example: @Pyramidion in the Coinbase unhosted wallet.
Decentralization, speedy transactions, and logging of transactions are native to Pyramidion because it is an ERC20 token. All transactions are publicly verified on Etherscan. Pyramidion does not operate its network, wallet, or exchange and has no custom coding outside of the smart contract. There is no intermediary needed to utilize the token.
Whale Proof: An entity cannot dump Pyramidion en masse and lower the Barter Credit, nor buy up the supply of tokens and raise the Barter Credit. Manipulations in the barter credit are virtually eliminated, unless a person, group, or country decided to buy up the entire cryptocurrency market and hold them to raise the Barter Credit.
Wash Trading: A third-party research group has reported top cryptocurrencies are wash traded between exchanges or bots and boosts trading volume artificially. Investors should be aware of this activity and not mistake it for use of an asset on a network. Pyramidion cannot be wash traded.
Security and Immutability: There are no exchanges to hack. The PYRA App has no download. No wallet keys or personal information is utilized in the PYRA App. All aspects of Pyramidion are easily understood and transparent. No single entity can dilute the barter value of Pyramidion. There will never be a hostile hard fork or highjacking of the Ethereum Network. There will be no governing body and operational rules are set in stone. Your security and tokens are literally in your hand.
Technical Debt: Why use Wix, Microsoft SharePoint, Excel, and other off-the-shelf systems to build the project? There is a term, "Technical Debt" which applies to companies that must upgrade their systems or hire vendors to keep up with development. Pyramidion utilizes WIX because they are a large company that can handle any amount of traffic and hosting is reasonable. Wix websites are WYSIWYG and easily managed by novice website builders. Microsoft Excel is used to compute the Barter Credit because of its reliability and there is no need for specialized code or upgrades. Anyone can verify Pyramidon's current barter credit with the API link used to populate the spreadsheet and applying the vetting rules. The Barter Credit sheet is hosted on Microsoft SharePoint. All of these methods are part of Pyramidion's set of core values for a reliable, secure, and decentralized product. "I have a very interesting story about major events during development with IRS tax law and Microsoft developing Excel spreadsheets to be displayed publicly via Sharepoint." - Damon
FOMO: The agreed-upon barter credit of the PYRA token is known before purchasing the token. There are 100 Billion tokens in the first release at One USD ($1). Pyramidion does not anticipate the need for the second release at $2. You are not missing out. No Fear. PYRA is for USE.
P2P token collateralization/backing methodology through a barter exchange.
The capability to do things without money.
Transparency, Integrity, Security, Legality, Self Accountability
A decentralized and lean operation with the most efficient, secure, autonomous, and cost-effective procedures implemented.
Pyramidion Cryptocurrency LLC shall not merge, offer equity (of any kind) or change its business structure.
Tokens are 100% owned by individuals post transfer from the PYRA Token Bank.
*Know Your Customer / Anti Money Laundering
Sign up for an account at the PYRA token bank to receive your tokens. A valid email is required for autogenerated signup. A copy of your state ID Front and Back or Passport, and a selfie with your proof of address is required for purchasing PYRA tokens. Your information is handled per the Bank Secrecy Act.
Privacy: Pyramidion's customer database is not for sale. Pyramidion is required to share customer records by the "travel rule," and any transactions over $3000.00 will be reported per regulations.
*if Pyramidion Cryptocurrency LLC is officially deemed NOT a money service business (MSB) KYC checks may not be required. (official determination update around March of 2021 needed two clarifications and I will update with the Treasury's reply.)
The bank makes a sound and is owned by citizens.
PYRA is built upon two (patent pending) method patents and was created/reverse engineered through multiple synchronicities: Pyramidion Cryptocurrency (current form) and Clamshell Currency (Barter Credit Token (Parent)) - NETA ERC20 token.
"A medium of exchange that represents and fluctuates with the economy in which it serves creates its own checks and balances." - Damon
One trillion tokens, each assigned a Barter Credit.
No Airdrops, discounts, or giveaways. (There are 1000 tokens allocated to every Native American, please claim through KYC checks at the PYRA token bank)
The asset list at the top of the page is the list of assets utilized to calculate Pyramidion's Barter Credit, feel free to research them. It is auto-updated with assets as they are created and listed or delisted. (Under Maintenance, visit Coingecko for asset research, it is the same assets used to calculate the barter credit)
No further tokens will be created and no tokens will be burned. The token supply has been minted and awaits distribution from Pyramidion's Wallet.
The Transmitor holds all Pyramidion Tokens until issued. Please see the miscellaneous section for tokens issued for unnecessary development fundraising.
Tokens will be released in 100 Billion token increments in ascending pricing: The first 100 Billion at $1.00 The second 100 Billion at $2.00 The third 100 Billion at $3.00, and so on until one trillion tokens have been distributed. The .01% Smart Contract Interaction Fee in Pyramidion token is not used to calculate the release. The high supply of tokens is "just in case" and only released as needed or bought for use. I am legally bound, in your favor at this pricing as it was for ICO/STO fundraising that was not necessary and I paid for all launch costs myself 100% no venture capital or investors needed with development by unassociated third parties. 100% Bootstrapped.
All forms of payment will be posted at the PYRA Token Bank.
The number of barter credits in the PYRA token is known before purchase.
Pyramidion's Barter Credit is not derived from company performance or revenue flow. Pyramidion is not on a supply and demand algorithm and is not a stable coin, nor collateralized, and is a utility token that may be taxed as income when used.
Some projects utilize an index fund (ETF) for an index of cryptocurrencies or trade index tokens themselves on a maker/taker basis at exchanges. Pyramidion utilizes all assets reported by Coingecko to calculate a simple average. This agreed-upon Barter Value or the number of barter credits is assigned to the PYRA Tokens. Barter credits are currently equal to $1.00 for math calculations and IRS tax purposes.
Fees and Anti - Spam Determine your favorite wallet's fees for sending an Ethereum token. The sender of the Pyramidion token supplies the gas (Eth). The receiver supplies a .01% Smart Contract Interaction Fee, which is calculated by the number of tokens sent X .0001 The Smart Contract Interaction Fee (SCIF) is in PYRA and migrates to the PYRA token vault wallet. The SCIF is reflected in the amount of PYRA received. The SCIF is applied to every transaction from any platform including transfers to separate blockchain wallets within the same DApp.
*Taxes: Both parties in trading goods or services with the PYRA token may be responsible for reporting the fair market value of goods or services as income on their tax returns. IRS tax forms change through the years so always count PYRA's use as income if applicable. Use the PYRA App to email your receipts for record-keeping. Track and download your PYRA transactions, portfolios, wallets, and tax forms @ www.cointracker.io
*Render therefore unto Caesar the things which are Caesar's and unto God the things that are God's - March 15th/Ides Of March.
Pyramidion Cryptocurrency LLC is responsible for sales tax on token purchases. Pyramidion Cryptocurrency LLC is a tax pass-through and will be taxed as personal income for Damon Danner for token sales. After taxes and expenses (gas used to send tokens from the vault wallet), 100% of any leftover funds are deposited into the Pyramidion FIAT deposit contract account. There are no tax shelters and I will keep the income taxes at a personal income level in favor of the country and local parish/county tax base (37% max).
How is the Barter Value of the token valid without cashing at an exchange or converting to virtual currencies or fiat? The current Barter Credit is made valid between peers through equity/value from the goods or services in the barter exchange. A p2p token collateralization is taking place at this transaction level. It is Pyramidion's OPINION that this captured equity/value makes the received PYRA tokens collateralized/backed. IRS tax law does not take this into account. The second use as a payment method could be argued because of double taxation on the same tokens and the previously stored value. IRS tax law states that non-exchange-traded digital assets are taxed as income for the fair market value of goods and services at the time of the exchange.
Until a PYRA token is utilized in a barter transaction between peers, a token transfer ( donation or gift ) has taken place, but no value is being transferred or moved on the blockchain, and no taxable event has occurred.
PYRA is a non-sovereign digital asset that captures equity in the exchange of goods and services without money. Pyramidion is not a traditional currency in nature and unlike any project in structure. It is backed or collateralized by the people that use it.
Collateralization rates for PYRA tokens should be @ "living wage" USD for a human to human interaction outside of a business use case IE: unskilled labor, chores, favors, time, storytelling, musical performances, life coaching, preaching, tithes, or any interaction deemed tokenized/PYRized by agreeing parties - "Back yourself."
WORST-CASE: PYRA will never go to zero. If there is an operating Ethereum blockchain and for some unforeseen reason a barter credit consensus cannot be reached through a global index, the global user base of PYRA will vote on a standard barter credit per token. If this nuclear option were to happen it would be for reasons which would not allow for a normal life as we know it.
Supported Use Case
Peer to Peer informal barter: PYRA was built to capture equity/value in the grey market and will create an entirely new tax base. The IRS considers tokens property (like an e-book). Any transaction with PYRA is considered a barter exchange. The utility of the token is to store that value. Both parties must report the fair market value of goods or services in the barter exchange as income on their tax returns. The Pyramidion APP supplies all necessary functions to email a detailed barter exchange receipt. Choose your favorite wallet to send/receive PYRA.
*Research barter exchange with the IRS: 150 transactions per year or less, transactions for 1$ or less, or certain foreign and exempt individuals. PYRA may be considered at face value outside of the United States, it was not built to operate as such and is a digital asset structured on American financial policies and regulations. Apply your local laws for this unique asset. Utilize a Barter Agreement and/or Hold Harmless Agreements if necessary.
Alternate Use Cases (Pyramidion does NOT provide services for these use cases)
B2B Barter (IRS Topic 420): For a business use case (choose your own barter credit amount outside of the publicly reported number) please consult your tax preparer or accountant. Any unused barter credits may be counted as a capital gain (this is an example from brokered business barter exchanges with barter credits on their account and may not apply for casual business use). You may have to file a 1099B and Pyramidion does not provide this service. This use case could provide relief in these areas: Taxes, Billing, Payroll, Insurance, Accounting, Equity Share - Phantom equity paid out to Dambssador wallets.
Mergers and Acquisitions - utilize as an asset for acquiring corporations - especially useful for corporations that do not want to be acquired. Corporations can balance their books with PYRA to alleviate legal expenses, bounties, or government fines. DAmbassadors take 15% bounties on all violations and their correction. Core values will not align with all entities. We only respond. We do no harm.
Asset-Backed digital asset: This may require you to register an exemption on your tokens with the SEC. PYRA tokens become backed or collateralized when they are used in an exchange between peers.
Corporate pre-built non-custodial utility: Easily move assets within an organization.
SDIRA: Self-Directed IRA. Utilize PYRA in an SDIRA to store value.
Donations: Donate PYRA to a good cause, no tax burden on the receiver as a gift.
Fund Raising: Investors, through registered accounts or wallets, can assign any value they like to PYRA tokens for their purpose. (a mixture of several unsupported use cases)
I.O.U. Token: Lend peer to peer with an agreement to buy-back PYRA tokens at barter credit value or whatever terms you choose.
Write up a simple agreement and reference a transaction hash. Reference the wallet addresses of the parties involved in the agreement. The PYRA App can send your transaction records through e-mail. This is a legally binding agreement.
Donations / Nation Building / Community Finance The United States Government could authorize or purchase PYRA to donate to a cause. The government could asset back an amount of PYRA tokens for temporary economic relief. The PYRA would eventually migrate with use and return to Pyramidion's wallet over time. The government can purchase tokens and utilize them as they see fit: The United States Government could authorize or purchase an amount to donate for a country to utilize, IE: Set aside an amount of money to back the tokens, the PYRA tokens eventually migrate to Pyramidion's wallet as sovereign systems are implemented and no US dollars were physically exchanged.
U.B.I. or Universal Basic Income - Utilized as a medium of exchange there are no inflationary penalties on a sovereign country as it is a utility that only generates taxes, especially when utilized as an informal peer-to-peer barter system outside of "white market" payment systems.
Vote Token: Citizens can send a minimal token (.0001 PYRA) transfer from registered wallets to "yes" and "no" wallets for line by line voting on issues and secure voting for candidates- At a minimum as a vote verification method to paper ballots and machines.
International Barter Trade: Countries could barter goods without an intermediary or shipments of physical goods and still have an account or credit for barter exchange. All International laws apply, this goes without saying. PYRA moves on the public Ethereum blockchain.
Social Media Profile Tokenization - All of the social media interaction and time spent there could be tokenized through PYRA. Simply provide your receive Ethereum Key in your profile - For all of the content, you don't get PAID for.
Video Game utility with real-world use. In-game prices could reflect the real world. Utilize your own point system and payout in PYRA tokens.
Rewards / Incentives: Purchase an amount of PYRA tokens and hand them out like merits. Have a prize for the token holders.
Index Terms (no pun)
1: Pyramidion - (singular) is the uppermost block of a structure and the name of the token.
2: Pyramidia - (plural) "I have 10 pyramidia."
3: Block - a decimal unit of PYRA, as a "Satoshi" is to Bitcoin.
4: API - the acronym for Application Programming Interface, which is a software intermediary that allows two applications to communicate.
5: DAmbassador - Decentralized Ambassador, A non-contract voluntary ambassadorship over territory or holder of PYRA.
6: DAmbassador Guild - A conglomerate of PYRA holders.
7: DExcommunication - Forfeiture of assets due to infractions within a DAmbassador Guild.
8: PYRAlogy - financial theory and real-world use related jargon with PYRA
9: PYRAflow - references liquid (being used and backed) PYRA tokens
10: PYRized - p2p token collateralization/backing methodology (storing the value in PYRA tokens) through a barter exchange.
11: PYRA Vault - The blockchain wallet (Transmitor) that holds PRYA and SCIF.
12: Pyramidion Cryptocurency LLC - IRS taxing mechanism for PYRA token sales.
13: BTC - This is an acronym for "Barter Credit" or how much USD value a PYRA token will hold.
14: GOAT - Greatest Of All Time
15: Bank - A mass of a particular substance
16: Vault Wallet - A DAmbassador's holding wallet, which should be separate from the PYRize wallet. Multiple wallets can be created in the same DApp for the separation of PYRA assets (some wallets may receive other VC with PYRA holdings).
17: PYRized Wallet - The received PYRA token wallet should be considered "backed" from your barter exchanges.
18: Hold Harmless Agreement - The hold harmless clause is a statement in a legal contract that absolves one or both parties in a contract of legal liability for any injuries or damage suffered by the party signing the contract.
19: Barter Agreement - "Not every contract involves money. Sometimes you might simply want to exchange goods or services with another party in a trade. In those instances, it's a smart idea to use a Barter Agreement to make sure everyone knows what their responsibilities are." - ROCKET LAWYER
20: SDIRA - A self-directed IRA.
21: PYRA Quarry - Assets not being utilized in the PYRA index (assets below a penny).
22: Transaction Hash - simply explained, this is a link to a PYRA transaction between wallets. It will list the amount of PYRA sent and received only. Real-world contracts can reference a transaction hash for records of ownership or agreements/contracts.
Transaction hash example: 0x77aced12c543718b4c9bd8bd6330b63b388662f9db07748fc45b841a55284888
Project inspiration and energy - Mackenzie L.
Pyramidion utilized Blockchain Consilium to create/code and perform an international standards audit on the Pyramidion Cryptocurrency (PYRA) smart contract. The audit is required of assets that are to be listed on exchanges. Customers should be able to read the contract audit and know the smart contract operates as stated in this whitepaper. The smart contract has no High, Medium, or Low vulnerabilities and was well worth the capital expended for a rock-solid, immutable, and trustworthy smart contract.
ALL coding of the Pyramidion Cryptocurrency Smart Contract is public/open source and MIT licensed.
This whitepaper shall be considered Pyramidion Cryptocurrency LLC's legally binding operating agreement. This asset was created in the service of the US Government and is owned by citizens. Please see the letter for a determination as a Money Service Business on the "Condensed" Home tab.
These individuals were helpful in the beginning stages of an attempted ICO that was not necessary to develop the project and would put the project in jeopardy with "raised" funds. I will keep my word on our agreements and offer token payouts on a 1$ to one token if they choose. "Even as the creator of PYRA, I have to buy the tokens to use them" - Damon
T.B. 1000 tokens (not issued)
C.C. 100,000 tokens (not issued)
R.J. 1000 tokens (not issued)
M.F. 30000 tokens Total: 143,300 Tokens
D.L. 10,000 tokens (not issued)
R.M. 1000 tokens (not issued)