Pyramidion, PYRA, Mars Money, The Advocate Coin:
A De-coupled, Global Index, Decentralized App Barter Credit Utility Token
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 Damon Danner, 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 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. 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 smart contract does not interact with any virtual currency outside of the Pyramidion FIAT deposit Smart Contract (not coded). 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 could list PYRA on a DEX (a decentralized exchange, which is peer to peer) but there would be no information or liquidity fund available to trade/swap or cash the token. Utilize the PYRA App to calculate the number of tokens to send and your Barter Power (USD).
Pyramidion Cryptocurrency LLC shall not buyback its tokens. 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. 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
Pyramidion utilizes Coingecko's API 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. A simple average is then calculated. This is the Barter Credit assigned to the Pyramidion Tokens. The barter credits are equal to $1 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 Value 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 :) Wild swings in the barter credit are normal as assets move on the exchanges or platform delay reporting all of their assets. Please remember we are dealing with thousands of global assets in the calculation. The range has been 220 - 500+ all of mid-2018 to the present date with recent surges to 1200+ (01/23/21)
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.eth
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.
B2B tax, accounting, and billing relief, and a P2P token collateralization methodology.
Transparency, Integrity, Security, Legality, Self Accountability
A decentralized and lean operation with the most efficient, secure, autonomous, and cost-effective procedures implemented.
There will never be an IPO from Pyramidion Cryptocurrency LLC
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 token control dashboard 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 Banking 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.
The bank makes a sound and is owned by citizens. PYRA is built under two (patent pending) method patents: Pyramidion Cryptocurrency (current form) and Clamshell Currency (Barter Credit Token Parent)
"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 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 Value, 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 token payouts for unnecessary development fundraising or ICO / STO.
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, I paid for all launch costs myself 100% no venture capital needed with development by unassociated third parties).
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 equal to $1.00 for math calculations and IRS tax purposes.
Fees: Determine your favorite wallet's fees for sending an Ethereum token. The sender of the Pyramidion token supplies the gas. The receiver (or split between parties) 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 the PYRA token and migrates to the PYRA token bank. The SCIF is reflected in the amount of PYRA received. The SCIF is applied to every transaction from any platform. If you transfer tokens to a different wallet, the SCIF still applies.
Taxes: See Line 21of the IRS Tax Form 1040A. Pyramidion is responsible for sales tax on token purchases. Currently, 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 to benefit my local parish/county tax base (37% max). Both parties in trading goods or services with the token will be responsible for reporting the fair market value of goods or services as income on their tax returns if necessary. Use the Pyramidion App to email your receipts for record-keeping.
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 that 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. This is a new technology and tax law will continue to be refined for digital assets.
Donations / Nation Building / Community Finance: 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 collateralize the tokens, the Pyramidion tokens eventually migrate to Pyramidion's wallet as sovereign systems are implemented and no US dollars were physically exchanged.
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 its nature and unlike any other 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 by agreeing parties - "collateralize yourself"
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.
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 in the grey market and create an entirely new tax base. The IRS considers tokens property (like an e-book). Any transaction with Pyramidion is considered a barter exchange. 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 financial tool built from American financial policies. Apply your local laws for this unique asset. Utilize a Barter Agreement if necessary.
Alternate Use Cases (Pyramidion does NOT provide services for these use cases)
B2B Barter: 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 must file a 1099B and Pyramidion does not provide this service. Macroscale business use case would eliminate b2b billing and tax liability for agreed services exchange while allowing customer revenue flow share.
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. Pyramidion moves on a public blockchain.
Corporate pre-built non-custodial utility: Easily move assets within an organization.
Donations: Donate PYRA to a good cause, no tax burden on the receiver as a gift.
Government use: 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 Pyramidion would eventually get used up with use and returns to Pyramidion's wallet over time. The government can purchase tokens and utilize them as they see fit.
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.
Asset-Backed digital asset: This may require you to register your tokens with the SEC and other legal implications. PYRA tokens become backed or collateralized when they are used in an exchange between peers.
Safely move asset-backed PYRA tokens without fear of losing actual assets. Keep your accounts safe and simply purchase more PYRA if tokens are lost - like a sacrificial token.
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 receipts for payments. This is a legally binding agreement.
Vote Token: Citizens can send a minimal token transfer from registered wallets to "yes" and "no" wallets for line by line voting on issues and candidates.
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)
Transaction hash example: 0x77aced12c543718b4c9bd8bd6330b63b388662f9db07748fc45b841a55284888
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 number of PYRA holders/stakes/investors in a DOrganization.
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: PYRAize - p2p token collateralization methodology (storing value)
11: PYRA Vault - The blockchain wallet (Transmitor) that holds PRYA and SCIF.
12: Pyramidion Cryptocurency LLC - IRS taxing mechanism for PYRA token sales.
Project inspiration and energy - Mackenzie L.
Pyramidion utilized Blockchain Consilium to create/code and perform an international standards audit on the Pyramidion 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 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. It is designed to capture equity in the grey market and create an entirely new tax base. 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. - 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)