Pyramidion, PYRA, Mars Money, The Advocate Coin:
A De-coupled, Global Index, Decentralized App Barter Credit Utility Token
A p2p electronic barter system on Ethereum
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, represents a global economy and hopes to be the chosen asset for Mars (and beyond) at colonization via radio (X band) Ethereum blockchain. PYRA is an ERC20 standard token with a .01% SCIF (Smart Contract Interaction Fee in PYRA) and uses Ethereum for gas (sending tokens). 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). PYRA is a digital means of barter utilizing blockchain technology and a process to collateralize tokens by individuals - truly DeFi and bridging financial systems with our oldest means of transacting - barter exchange. 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), a software intermediary that allows two applications to communicate. 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 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 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. 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 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 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 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 when the crypto space is active and pre bull run. 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.
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. DO NOT screenshot a Seed Phrase 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 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 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. Blockchain Wallet Domain Names are developed making it easier to type in a peer's user name instead of a long public key. Example: you can transact with "@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: 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 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 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 Excel spreadsheets to be displayed publicly via Sharepoint which allowed for the release of PYRA with no need for fundraising. Everyone gets in for a dollar or two." - 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, not speculation.
P2P token collateralization/backing methodology through a barter exchange.
The capability to do things without money.
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 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? The Treasury has found PYRA to transfer a monetary value, therefore an account 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 their determination and will be making their findings public.
Sign up for an account at the PYRA token bank to PURCHASE tokens from Pyramidion Cryptocurrency LLC. A valid email is required for autogenerated signup. A VERY CLEAR copy of your state ID, front and back, and a selfie with your proof of address is required for purchasing PYRA tokens. 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. Pyramidion is required to share customer records by the "travel rule," and any transactions over $10000.00 will be reported to the Treasury of The United States.
The bank makes a sound and is owned by citizens.
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. (This page is Under Maintenance) visit Coingecko for asset research, it is the same API and assets used to calculate the barter credit)
The "Transmitor" holds the supply of Pyramidion Tokens - The PYRA Bank.
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 $3.00, and so on until one trillion tokens have been distributed and ending at 10$.
Pyramidion's Barter Credit (BTC) 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.
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 or SCIF which is calculated by the number of tokens sent X .0001 The SCIF is calculated in PYRA and migrates to the PYRA token bank 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 - 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. A peer should have a Vault Wallet (Your own PYRA Bank) and a PYRized Wallet (received tokens for goods/services) to distinguish which tokens should be considered backed.
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 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 business use. IE: Unpaid Social Media content, chores, favors, time, storytelling, musical performances, evangelism or any interaction deemed tokenizable or "PYRized" by agreeing parties.
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 if applicable. 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, 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? A 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. All taxes are EASILY done and tracked though cointracker.io as income or whatever business structure you like.
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 not 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. - Requires a Trust company.
Donations: Donate PYRA to a good cause, 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 moves on the public Ethereum blockchain.
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.
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.
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.
Index of Terms (no pun)
1: Pyramidion - (singular) is the uppermost block of a structure.
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 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 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. 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 its citizens.