A De-coupled, Decentralized App Barter Credit Utility Token
A p2p electronic barter system through blockchain technology
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 an Ethereum token with a .01% SCIF (Smart Contract Interaction Fee in PYRA) and uses Eth for gas. PYRA has a total supply and 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 usually not involved (supported use case). PYRA is a digital means of barter utilizing blockchain technology and a process to collateralize tokens by individuals - truly DeFi and bridging modern systems with our oldest means of transacting - barter exchange. PYRA's Barter Credit is derived and reaches a consensus from a plurality 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. Like a pyramid, it takes many years and a lot of builders to complete the 14th step and place the pyramidion. PYRA at scale is "Equityism."
PYRA is a NETA token (Non-Exchange Traded Asset). The smart contract has no API to report BTC numbers and peers may choose their wallets. Businesses can publicly host their own Excel sheets. A peer can attempt to list PYRA on a DEX (a decentralized exchange, which is peer to peer), but there is no "pricing" information reported for PYRA through API or Eth value to swap with other tokens. Utilize the PYRA App to calculate the number of tokens to send and your Barter Power (USD).
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 and displays 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. 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.
*Barter Credit Methodology
Coingecko's industry-leading API is used 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 USD 1 for math and tax calculations. (Any 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 PYRA 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 from the reporting exchanges. 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.
*Huge spikes in the barter credit happen. Very large assets move across the exchanges at times. If you check the barter credit and it is past four digits, wait for a refresh of the spreadsheet. Historically the BTC has been in a range of 650 - 1400 in 2021.
Problems / Solutions
Compatibility: Why try to reinvent the wheel? This is why Pyramidion chose to start with 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. PYRA 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 or private key and save it to a phone or computer. WRITE IT DOWN AND STORE IT SECURELY AS IF YOU WERE A BANK. Use a password and two-factor or two-step authentication if it is available. Pyramidion Cryptocurrency LLC 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. Coinbase has a DApp wallet that can accept ERC20/NFT's and many other cryptocurrencies (PRIVATE KEYS!) 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 transactions, 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. Blockchain Wallet Domain Names are developed making it easier to type in a peer's user name instead of a long public key. For example, you can transact with "@Pyramidion" in the Coinbase unhosted wallet.
Decentralization, speedy transactions, and logging of transactions are native to PYRA because it is a public blockchain token. All transactions are publicly verifie. 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 use 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. PYRA 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 beyond the sovereign people of the land. PYRA will be on 10 blockchains.
Technical Debt: I used 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 the 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 was no need for specialized code or upgrades. Anyone can verify PYRA's current barter credit with the API link used to populate the spreadsheet and apply the vetting rules. The Barter Credit sheet is hosted and publicly available on Microsoft SharePoint. You may publicly host your own sheet for your corporations or microeconomy. 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 a live auto-updating Excel spreadsheets to be displayed publicly via Sharepoint. This allowed for the release of PYRA with no need for development fundraising or venture capital. I will release all of the history and circumstance through the youtube channel." - Damon
FOMO: The barter credit consensus 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, not speculation.
P2P token collateralization/backing methodology through a barter exchange.
The capability to do things without money.
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 Token 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 at the "condensed" home tab for their findings.
"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 Ethereum and operates without an intermediary." - Damon
What does this mean? Accounts must be verified through KYC checks to purchase PYRA tokens from the PYRA Bank. This policy has been in place, but the Treasury has officially made its determination and will be making its findings public.
You must complete your KYC form at the top of the page and submit it for verification. If you do not submit KYC, PYRA tokens cannot be transmitted to you. Do NOT send payments to the PYRA bank without KYC verification or your funds will be lost. The PYRA bank cannot participate in illegal transactions. A valid email is required for autogenerated signup. Your information and transactions are handled per the Bank Secrecy Act.
Privacy: Pyramidion's customer database is not for sale, lease, or in any way communicated outside of the PYRA bank unless a transaction of 10,000 dollars or more is executed. Nobody will call you requesting ANYTHING, EVER.
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.
No Airdrops, discounts, or giveaways. (There are 1000 tokens allocated to every Native American, please claim through KYC checks)
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 removed. (This page is Under Maintenance) visit Coingecko for asset research, it is the same API and assets used to calculate the barter credit)
The Transmittor and creator of PYRA hold the unsold supply of PYRA Tokens and SCIF in the PYRA bank vault wallets.
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 at $2.00 The third 100 Billion at $3.00, and so on until one trillion tokens have been distributed and ending at 10$.
Fees and Anti-Spam: Determine your favorite wallet's fees for transacting with a PYRA token. The sender of the Pyramidion token supplies the gas. The receiver supplies a .01% Smart Contract Interaction Fee or SCIF which is calculated by the number of tokens sent X .0001 The SCIF is calculated in PYRA and migrates to the Transmitor. 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: 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 in the exchange is simply holding it for future trade of goods or services and that is when their taxation as income will occur. 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.
100% of the cash and digital assets used for purchasing PYRA are deposited into the Pyramidion FIAT deposit contract account - minus expenses.
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 equity/value from the goods or services in the 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 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 not a traditional currency in nature and is 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 1 for a human-to-human interaction outside of business use IE, 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: As they become available, reliable blockchains will host PYRA tokens. As PYRA is migrated to other blockchains in 100 billion increments, their operation and pricing shall remain the same as stated in this whitepaper. The tokens will be cold stored 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 tokenomics remain unchanged.
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 a global index, the global user base of PYRA will vote on a standard barter credit per token. If this situation were to happen it would be for reasons which would not allow for a normal life as we know it.
Facilitating Informal Peer to Peer Barter
PYRA's manifestation will capture equity/value in the grey market and create an entirely new tax base. The utility of the PYRA token is to store informal trade value and hold it for further/future barter exchange. The receiver of goods or services traded with PYRA is taxed as income for the fair market value of those goods or services. The receiver of the PYRA tokens now has a measurable stored value to carry forward to barter for goods or services. The PYRA App supplies all necessary functions to email a detailed barter exchange receipt.
How do I start? Freely use the PYRA logo for your purposes with the exception of selling the image. Display the logo stating "PYRA accepted" or another similar expression.
Alternate Use Cases
(Pyramidion Cryptocurrency LLC does NOT provide services for these use cases)
B2B Barter (IRS Topic 420): For a business use case, if a "cost basis" is used that is not 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 registered wallets for work performed in the quarter.
* How can b2b work? Service is completed and an equitable (what was fair for the worker and owner/manager for the task) trade for PYRA is done on-site. All wallets are transparent for the "vendors." Every quarter USDC is paid out to vendor wallets from phantom equity (revenue from the business) equal to PYRA holdings. If high-risk ventures fail, a peer can store their time/work in a digital asset for further barter.
Mergers and Acquisitions - Utilize as an asset for acquiring corporations (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/Bonds: 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 Ethereum 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: Citizens 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.
Social Media Profile Tokenization - Social media content can be tokenized through PYRA. Simply provide your receive Ethereum 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 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.
Exchange-Traded Asset: Pyramidion Cryptocurrency LLC shall not provide technical assistance in implementing PYRA's Barter Credit through API.
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. The inverted pyramidion also denotes how PYRA is backed by equity in contrast to fiat currencies. One may recognize it atop the pyramid on the U.S. One Dollar Bill. To the beholder, the overall image should stand in contrast, while also working 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
Index of Terms (no pun)
1: PYRA - The name of the token.
2: Pyramidion - The highest block or peak of a structure.
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 or agent 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 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 single PYRA token will hold.
14: GOAT - Greatest Of All Time
15: Bank - A mass of a particular substance
16: 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.
17: 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
18: PYRA Quarry - Assets not being utilized in the PYRA BTC calculation - null values, errors, assets below one cent.
19: 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
20: Equityism - a trading system in which value is stored through equity of spontaneous collaboration and what is fair for both parties without constraints of debt, traditional finance, losses, labor exploitation, or the many negative nuances of a debt-based inflationary system.
21: Transmitor - In FinCEN regulations, this is the original transmission. "In other words, since I am the creator of PYRA, when you receive PYRA from the PYRA bank it is the original transmission from me, not a third party or broker, and I'm labeled "transmitor."" - Damon
22: DApp - A decentralized app. Unhosted wallets that access the PYRA smart contract are Dapps'.
23: PYRA Calculator - A non-downloaded custom "lumifish" calculator app to email and calculate barter exchange receipts with 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.
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. 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. PYRA is structured under a patent-pending method patent.
This whitepaper shall be considered Pyramidion Cryptocurrency LLC's legally binding operating agreement. 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.