PYRA is a decentralized app barter credit utility token designed to power Terraverse, a peer-to-peer electronic barter system. The name "PYRA" is derived from the concept of a capstone or pyramidion, which represents the highest block or peak of a structure. The barter credit methodology and the number of blocks in its construction are the driving force behind PYRA's multi-chain token, which has a 0.01% SCIF (Smart Contract Interaction Fee in PYRA). PYRA utilizes the underlying blockchain of the user's choice for gas and has a total supply that is not pegged to any single blockchain, 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 typically not involved (supported use case). It is a digital means of barter that leverages blockchain/distributed ledger technology and a process to collateralize tokens by individuals. This approach represents a true DeFi implementation, bridging modern systems with our oldest means of transacting. PYRA's Barter Credit is derived and reaches a consensus from a plurality of the cryptocurrency/digital asset market. The concept originated in October 2017 and became viable due to the explosion of digital asset creation. Like a pyramid, it takes many years and a lot of builders to complete the 14th step and place the pyramidion. PYRA at scale represents "Equityism."
PYRA is a NETA token (Non-Exchange Traded Asset). The smart contract does not have an API to report PYRA's numbers, and peers may choose their wallets. While a peer can attempt to list PYRA on a decentralized exchange (DEX), which is peer-to-peer, there is no pricing information reported for PYRA through API or value to swap with other tokens. Users can utilize the PYRA App to calculate the number of tokens to transfer and their Barter Power (USD).
PYRA's Terraverse Ecosystem: Facilitating Barter Exchange
PYRA's objective is to capture equity/value in the grey market, create a new tax base, and establish peer-to-peer supply chains. The PYRA token serves as a utility to store informal trade value for future barter exchange. The PYRA App provides all the necessary functions to email a detailed barter exchange receipt.
To start using PYRA, users are free to utilize the PYRA logo for their purposes, with the exception of selling the image. They can display the logo or expressions such as "PYRA accepted" to indicate their acceptance of PYRA as a means of exchange.
Barter Credit Methodology
PYRA's Barter Credit is derived from a column in a Microsoft Excel spreadsheet populated by Coingecko's industry-leading API. The column includes the current price of almost every available asset traded on exchanges, with "null" values, errors, and assets trading below a penny removed. An average of the remaining values is then calculated, resulting in the Barter Credit assigned to a single PYRA token. Currently, the Barter Credit is equal to USD 1 for math and tax calculations, with any currency changes in the USA reflected on a one-to-one basis with PYRA for such purposes.
The API utilizes pool data, is updated every five minutes, and covers almost every asset on exchanges. While there is no need for real-time data with PYRA, as it is not an exchange-traded asset, the API provides an accurate snapshot of the crypto space. The API also automatically adds or removes digital assets from the reporting exchanges. In the unlikely event of an API stoppage, there will be a freeze on the Barter Credit until all operations are fully functional.
Problems / Solutions
PYRA addresses several problems in the current financial system, including, but not limited to:
Centralization: Traditional financial systems are heavily centralized, with a few large institutions controlling most of the money and making important decisions that affect everyone else. This leads to inequality and inefficiencies.
Solution: PYRA is a decentralized cryptocurrency that operates on a public blockchain. This means that it is not controlled by any single entity, and all transactions are transparent and publicly verified.
Lack of Accessibility: Many people are excluded from the traditional financial system due to various factors such as lack of resources or identity documents, geographic location, or socio-economic status.
Solution: PYRA is accessible to anyone with an internet connection and a compatible wallet. It can be transacted on multiple platforms, including Ethereum, Binance Smart Chain, and Algorand.
Inflation and Devaluation: Government-issued currencies can be subject to inflation and devaluation, leading to loss of value over time.
Solution: PYRA is not subject to inflation or devaluation. Its value is determined by a consensus mechanism based on the barter credit, which is calculated using a publicly available formula.
Manipulation: Some cryptocurrencies are subject to manipulation by large holders or exchanges, which can cause drastic fluctuations in value.
Solution: PYRA is designed to be whale-proof, meaning that no single entity can buy up or sell off large amounts of tokens to manipulate the market. Additionally, it cannot be wash traded, ensuring that all transactions are genuine and not artificially inflated.
Technical Debt: Many cryptocurrency projects require constant upgrades and maintenance, which can be costly and time-consuming.
Solution: PYRA utilizes off-the-shelf systems like Wix, Microsoft SharePoint, and Excel, which are reliable and require no specialized coding or upgrades. This keeps costs low and ensures that the project is sustainable over the long term.
Lack of Use Cases: Some cryptocurrencies have limited use cases, leading to speculation and volatility in the market.
Solution: PYRA is designed for use, not speculation. It can be used as a P2P token collateralization/backing methodology through a barter exchange, allowing users to do things without money. This opens up a wide range of use cases and potential applications for the token.
Overall, PYRA aims to provide a secure, reliable, and decentralized alternative to traditional financial systems. It is accessible to anyone with an internet connection and can be used for a variety of purposes, from simple transactions to complex financial instruments.
The Constitution, The Narrow Gate, Decentralization, Transparency, Integrity, Security, Legality, Self Accountability, Efficiency, Autonomy
Tokens are 100% owned by individuals post-transfer from the PYRA Bank.
Know Your Customer / Anti-Money Laundering
05/26/2021 The Treasury of the United States / FinCEN issued an official letter deeming Pyramidion Cryptocurrency LLC a Money Service Business or MSB. Please read the PDF file in the "condensed" home tab for their findings. You may search HERE by inserting the LLC's address: 9314 Horse Shoe Bend Rd, Baton Rouge, Louisiana 70817
"My previous opinion that PYRA was not a cryptocurrency came from brokered barter exchanges for California and previous rulings that their ledgers should not be considered a cryptocurrency. PYRA is utilized in the same manner, but the ledger is developed on Blockchain/distributed ledger and operates without an intermediary." - Damon
What does this mean? You will have to provide your ID and other personal information to join the site and purchase PYRA tokens.
Privacy: Pyramidion Cryptocurrency LLC's customer database is not for sale, lease, or in any way communicated outside of the PYRA bank unless a purchase of 1000 PYRA tokens or more is executed.
PYRA Tokenomics: Pre-Money, and an inverted trade standard.
The bank makes a sound and is owned by the sovereign people of the land.
One trillion tokens, each assigned a Barter Credit. PYRA is backed by an asset pool (traded goods and time bank use within the DAO).
No Airdrops, discounts, or giveaways. (1000 tokens are allocated to every indigenous person in N. America)
The Transmitor and the Creator hold the unsold supply of PYRA Tokens and SCIF in the PYRA bank vault wallets. There is no team payout or ownership of PYRA outside of the sole member LLC.
PYRA tokens will be released in 100 Billion token blocks in ascending Pricing: The first 100 Billion tokens are $1.00 The second 100 Billion are $2.00 The third 100 Billion are $3.00, and so on until one trillion tokens have been distributed, and end at 10$.
Fees/Anti-Spam/Depreciation: A "sender" of PYRA supplies the gas. The "receiver" supplies a .01% Smart Contract Interaction Fee or SCIF, which is calculated by: The number of tokens X .0001 or, .01%. The SCIF is calculated in PYRA and migrates to the Creator/Transmitor and is reflected in the amount of PYRA received. The SCIF is applied to every transaction from any platform including transfers to separate wallets within the same DApp. The Algorand-based PYRA has no SCIF and is allocated for B2B barter exchange at PYRAbarter.com.
*Taxes: When a peer RECEIVES goods or services for PYRA, count the fair market value of those goods or services as income for IRS tax purposes. The person that received PYRA tokens in the exchange has no tax burden in the network. 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 - March 15th/Ides Of March.
How is the Barter Credit (BTC) 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 the fair market value of goods or services in a barter exchange. A p2p token collateralization is taking place at this transaction level. The captured equity/value makes the received PYRA tokens backed and able to be carried forward for further barter exchange.
Until a PYRA token is utilized in a barter transaction between peers, a donation or gift has taken place, but no value is being moved on the blockchain, and no taxable event has occurred.
PYRA is not a traditional cryptocurrency in nature, even in the crypto space, and is unlike any project in structure, it is backed or collateralized by the people that use it within the DAO barter network.
Collateralization rates for PYRA tokens should be @ "living wage" USD 1 for a human-to-human (Time Bank Use) interaction outside of business use: Unpaid Social Media content, chores, favors, time, storytelling, artistic performances, evangelism, or any interaction deemed tokenizable or "PYRized" by peers in agreement.
PYRA on other blockchains: Reliable public blockchains will host PYRA tokens. As PYRA is migrated to other blockchains in 100 billion increments, their operation and pricing shall remain the same unless otherwise stated in this operating agreement. PYRA will be stored and non-circulatory from the Ethereum-based supply and created by a smart contract on other blockchains. This will allow peers much broader choice in how they access PYRA and may provide gas savings. All token sale prices remain unchanged regardless of the use case.
WORST-CASE: PYRA will never go to zero. If there is an operating Ethereum or other blockchain and for some unforeseen reason a barter credit consensus cannot be reached through the global "index," all PYRA tokens in existence shall use a barter credit of 5000. If this situation were to happen, it would be for reasons which would not allow for a normal life as we know it.
The financial integrity of Pyramidion Cryptocurrency LLC is of utmost importance to us. We assure our customers that our corporation is not operated as a personal piggy bank and that we are committed to maintaining complete transparency with regard to the allocation of funds.
We would like to clarify that Pyramidion Cryptocurrency LLC shall not merge with any other entity, and will not be sold. Additionally, we have not raised any funds or taken on any venture capital, loans, or financial obligations from any external sources for the creation of this project.
The funds used for the purchase of PYRA tokens are securely held in our corporate vaults and will be allocated towards gas, staking, and the payment of expenses associated with the operation of our LLC. We would like to note that despite having the option to draw a salary, our CEO has voluntarily foregone any such payments.
To ensure seamless scaling and enhance customer experience, we plan to integrate artificial intelligence functionality for KYC, account creation, token purchase, and customer support. We are committed to investing our own resources towards this end and will continue to prioritize the needs of our customers above all else.
Alternate Use Cases
B2B Barter: The Algorand-based PYRA supply (100B PYRA) shall be used at a standard barter credit (BTC) of 5000 for each token and are on consignment with PYRAbarter.com with their own KYC requirements. There is a separate APP for PYRAbarter.com.
Mergers and Acquisitions - Utilize as an asset for acquiring corporations (Debt Bonds) *DAmbassadors accept 15% bounties on all violations and their correction. Core values will not align with all entities. Only respond and 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.
Donations - Donate PYRA to a good cause, with no tax burden on the receiver as a gift.
Fund Raising - Investors, through registered wallets and agreements, 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.
International Barter Trade / Nation Building / Community Finance - The United States Government can authorize or purchase PYRA to donate to a cause: Asset/cash back an amount of PYRA tokens for temporary economic relief. The PYRA tokens eventually migrate to The PYRA Bank as sovereign systems are implemented and no US dollars were physically exchanged. 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 is tracked on a public blockchain's Main Net.
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 - Peers can send a minimal token (.0001 PYRA) transfer from registered wallets to "up" and "down" 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. (see QR code from Coinbase Super Bowl Ad 2022)
Social Media Profile Tokenization - Social media content can be tokenized through PYRA. Simply provide your public key in your profile - For all of the content, you don't get PAID for.
Custody Service - Pyramidion Cryptocurrency LLC shall not hold a peer's PYRA or private wallet keys/seed phrases for safekeeping.
Video Game utility - In-game economics 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.
Exchange-Traded Asset - Pyramidion Cryptocurrency LLC shall not provide technical assistance in implementing PYRA's Barter Credit through API.
SAFT - Raise money with PYRA in agreement for future token exchange for your project's token/coin.
The PYRA Seal and Symbolism
The PYRA seal does not represent old orders or outside organizations. The eye of providence is gazing with compassion, not staring in judgment. The inverted pyramidion demonstrates balance on its tip and is feminine in nature signifying the birth of a new financial system. One may recognize it atop the pyramid of the U.S. One Dollar Bill. To the beholder, the overall image should project a sense of contrast, while also working with/within current financial systems.
Thomson told Congress he chose a pyramid to symbolize strength and longevity, and the eye and motto above to "allude to the many signal interpositions of providence in favor [sic] of the American cause." - Charles Thomson, designer of the US 1$ bill.
Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves - Norm Franz
API - The acronym for Application Programming Interface, which is a software intermediary that allows two applications to communicate.
Bank - A mass of a particular substance.
Barter Agreement - a contract used to exchange goods or services in a trade.
BTC - The acronym for "Barter Credit," which is the USD value that a single PYRA token will hold.
DApp - A decentralized app, or unhosted wallet that accesses the PYRA smart contract.
DAmbassador - A Decentralized Ambassador, voluntary agent, or PYRA holder.
DAmbassador Guild - A conglomerate of PYRA holders.
DExcommunication - The forfeiture of assets due to infractions within a DAmbassador Guild.
Equityism - A system of commerce in which the value of time, energy, goods, or services is stored in a digital asset at a specified rate in contrast to debt-based, mineral/asset-backed trade instruments. The taxing mechanism is income as opposed to sales tax.
Hold Harmless Agreement: - A clause in a contract that absolves one or both parties of legal liability for any injuries or damage suffered by the party signing the contract.
PYRA - The name of the barter network token.
PYRA App - A custom calculator created to calculate and email barter exchange receipts with PYRA or any other cryptocurrency.
PYRAflow - A reference to liquid (being used and backed) PYRA tokens.
PYRAlogy - Financial theory and real-world use related jargon with PYRA.
PYRA Quarry - Assets not being utilized in the PYRA BTC calculation, such as null values, errors, and assets below one cent.
PYRA Vault - The blockchain wallet (Transmitor) that holds PYRA and SCIF.
PYRized - P2P token collateralization/backing methodology (storing value in PYRA tokens) through a barter exchange.
Pyramidion - The highest block or peak of a structure.
Pyramidion Cryptocurrency LLC - The IRS taxing mechanism.
Terraverse - Our tangible world.
Transmitor - In FinCEN regulations, the original transmission.
Transaction Hash - A link to a PYRA transaction between wallets, which lists the amount of PYRA sent and received. It can be used to reference records of ownership or agreements/contracts.
Pyramidion Cryptocurrency LLC shall not buy back or convert PYRA tokens to fiat or 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. Cryptocurrency and fiat used to purchase PYRA tokens belong to Pyramidion Cryptocurrency LLC as a purchase, not fundraising or investment. The project is developed and no manager, company, or centralized entity directs the development of the PYRA token project. PYRA is sufficiently decentralized in operation, has a clear working product, and the PYRA token value is tied to utility and not the expectation of profit - token barter credit appreciation does not equate to profit.
*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.
The Algorand-based PYRA supply is allocated for B2B barter exchange exclusively. It is an ISO 20222-compliant asset with a clawback feature for the safekeeping of the PYRA tokens and your business's integrity. The Algorand-based supply shall be used at a standard of 5000 BTC per token.
Pyramidion utilized Blockchain Consilium to create/code and perform an international standards audit on the Ethereum Pyramidion Cryptocurrency (PYRA) smart contract. The audit is required of assets that are to be listed on exchanges. 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 and prospectus and you may print it freely. This asset was created in service of the United States of America and is owned by the sovereign people of the land.
Project inspiration and energy - Mackenzie L.
Creator/Concepts/Legal Structures/Webmaster/Artistic Direction/LIGHTpaper Author/Transmitor/Coffee/Bootstrapper - Damon D. Danner