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Updated: Distribution and Release Schedule
The new release schedule and distribution of PYR has been adjusted to take into account the security breach (hack) in 2021 as well as exchange listings, market maker loans, acquisitions, conferences and additional development costs.
The four tables below show the initial distribution overview, current staking pool and payouts, current distribution and projected distribution for when the land staking program has finished.
Initial Distribution & Overview
Current Staking Rewards Are At (as of Aug 2023)
- Staking rewards run from April 2022 to April 2026 with 204,000 PYR released monthly.
- Following this date, PYR will be continued if 5-10% of PYR is reclaimed, otherwise $LAVA and other benefits will replace it.
Current Detailed Supply As of Aug 2023
From the 13M treasury, we reserve a maximum 3M $PYR unlocked that can be used for future exchange listings and security deposits, acquisitions, arranged warrants/options at $PYR Price points, extra market maker loans. Do note that our USDT/FIAT reserve is able to to carry us for 4 years minimum currently at current expenditures. It’s highly unlikely this PYR will all be used but we have set out a maximum for transparency and expectations.
Projected Supply on 15/04/2025 (when staking ends)
* Based on 3M $PYR not being used until then as well as no additions to the Great Acquisition wallet. Both of which are unlikely and also variable (cannot be predicted).
It’s important to note that 70% of all sowing fees, and a percentage of all Vulcan Forged led NFT sales, market transactions and multiple other $PYR incoming routes are now moving to the Great Acquisition wallet. This is with an aim to extend the staking period.