What Is PyramiDAO (PYRA)?
PyramiDAO is positioned to lead a revolution in DeFi with the PyramiDAO Auto-Staking Protocol (PAP), a new financial protocol that makes staking easier, and gives $PYRA token holders the highest stable returns in crypto. Also, It is built around an essential daily activity for the future good – riding around. This aim to effectively bring to life a functioning ride&earn concept, bring a healthy lifestyle for human being and provide a solution to reduce pollution/greenhouse gas emissions, protect the environment for your Mother Earth.
PyramiDAO is built around an essential daily activity for the future good – riding around. This aim to effectively bring to life a functioning ride&earn concept, bring a healthy lifestyle for human being and provide a solution to reduce pollution/greenhouse gas emissions, protect the environment for your Mother Earth.
Cyclists equip themselves with NFTs in the form of Bicycles & Helmets. By riding, you will earn not only your native token $PYRA but also the in-app token PyramiDAO Mana ($PMN), which can either be used in-app, or cashed out for profit.
PyramiDAO Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | PyramiDAO |
| Short Name | PYRA |
| Circulating Supply | 867,886,281.00 PYRA |
| Total Supply | N/A |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Team
AutoStake explain
The PAP AutoStake feature is a simple yet cutting-edge function called Buy-Hodl-Earn-Value, that provides the ultimate ease of use for $PYRA holders. By simply buying $PYRA and holding the token in your wallet, you earn rebase rewards directly into your wallet, you valuation your self by become PyramiDAO Guardian. Your tokens will increase every 3 minutes.
Using a Positive Rebase formula makes it possible for daily token distribution directly proportional to the daily rebase rewards, worth of the total amount of tokens a $PYRA token held in your wallet. The rebase rewards are distributed on each epoch (rebase period) to all $PYRA holders. This means that without moving their tokens from their wallet, DAO holders receive an annual compound.
Pharaohs Insurance (PI)
The Pharaohs Insurance is the acronym for Insurance Value which is a separate wallet in PyramiDAO’s PAP system. The Pharaohs Risk Free Value plays a critical role in the DAO Auto-Staking Protocol. The PI is an innovation from PyramiDAO. It is a separate wallet that collects funds to support and stabilise the Liquidity pool. This is particularly useful in the event of a sharp sell-off that might drain a liquidity pool. This can cause problems because liquidity is what allows the buying and selling of the $PYRA token. The PI provides a liquidity reserve and prevents this from happening during a sharp sell-off.
Egypt Treasury (ET)
The Egypt Treasury plays a very important role in PyramiDAO PAP protocol. It provides three extremely critical functions for the growth and sustainability of DAO. The treasury functions as an additional financial support for the PI. This additional support can become important in the event of an extreme price drop of the $PYRA token. It helps to create a floor value for the $PYRA token.
The Egypt Treasury is also used to fund new DAO products, services, and projects that will expand and build up the PAP use cases and DAO economy. Treasury also provide fund for development of Ride to Earn App & NFTs value creation in the future. Additionally, the treasury provides funding for marketing DAO.
Annual Percentage Yield (APY)
The annual percentage yield (APY) is the real rate of return earned on an investment, taking into account the effect of compounding interest. Unlike simple interest, compounding interest is calculated periodically and the amount is immediately added to the balance. With each period going forward, the account balance gets a little bigger, so the interest paid on the balance gets bigger as well.
This measures the real rate of return on your principal tokens amount by taking into account the effect of compounding interest. In the case of Dao.finance, your PyramiDAO tokens represent your principal, and the compound interest is added periodically on every Rebase event (Every 3 minutes). Your new principal amount is your then current $PYRA token amount, plus your new rebase token amount.
This total amount is what gets calculated for your next rebase rewards. One interesting fact about APY is that your balance will grow not linearly but exponentially over time! Assuming a daily compound interest of 3%, if you start with a balance of 1 $PYRA on day 1, after a year, your balance will grow to about $10548.
