Tokenomics
Overview
$PYRA is the native utility token of the Pyra Chain network, powering transactions, staking, governance, and ecosystem incentives. Built using Solana's open-source code, Pyra Chain delivers high-performance infrastructure with a sustainable vault-based tokenomics model.
Key Token Metrics:
- Exchange Rate: 1:1 between $PYRA on Solana and $PYRA on Pyra Chain.
- Bridge Fee: 1 $PYRA per transfer, with ~30-second confirmations.
- Utility: Gas fees, staking rewards, DEX liquidity, launchpad participation, validator incentives, and governance.
Vault Distribution
Pyra Chain features a comprehensive vault system designed for long-term sustainability. Every transaction is calculated in dollar-worth terms, and vestings will be extended as claiming becomes available if not used.
| Vault | Allocation | Vesting Period |
|---|---|---|
| Marketing Treasury | 5% | 12 months |
| Advisors & Partners | 5% | 24 months |
| Future Development Treasury | 5% | 30 months |
| Community Rewards & Builders | 5% | 18 months |
| Validators Vault | 10% | 24 months |
| Grant Program & Bug Bounties | 5.5% | 16 months |
| Team | 5% | 30 months |
| Insurance | 5% | 18 months |
| Democracy Incentive Vault | 5.5% | 12 months |
| Stabilization Vault | 5% | 1 month |
| Emergency Fund | 3% | Reserved |
| Circulating Supply | 41% | Unlocked |
Circulating Supply: 41% of total supply is already in circulation, providing initial liquidity and accessibility.
Stabilization Vault: Can be used to stabilize any vault above in terms of need.
Emergency Fund: Reserved for insurance, bug bounties, and democracy incentives.
Important: We do not plan to distribute the majority of the supply. The team does not control or manage circulating token supply - we focus exclusively on development, infrastructure, and ecosystem growth.
Cross-Chain Mechanics
The 1:1 peg is enforced through the native cross-chain bridge, backed by audited smart contracts and real-time liquidity reserves. When bridging from Solana to Pyra Chain:
- Lock $PYRA on Solana.
- Mint equivalent $PYRA on Pyra Chain from the bridge liquidity pool.
- Reverse the process for withdrawals.
Sustainability & Governance
$PYRA is deflationary by design: Transaction fees are partially burned, reducing supply over time while validator rewards encourage long-term holding. Governance allows $PYRA holders to vote on upgrades, fee structures, and ecosystem grants via on-chain proposals through our petition-focused system.
Real-time supply dashboards on the block explorer, and open-source code ensure trust at every layer.