New Year, New PYE — Next Steps for the PYE Ecosystem
DevTeamSix has made the difficult decision to pull liquidity to mitigate the exposure to BNB, the Binance Smart Chain, and other uncontrollable factors.
The funds were directed to reduce exposure, increase developmental leverage, and build a solid foundation for catalyst platforms that will bring value to existing and future holders of PYE.
Step 1: PYECoin Allocation Documentation
Immediately after the New Year, we will release detailed PYEChain/PYECoin allocation information, providing accurate information on current $CHERRY and $PYE holders on BSC and ETH.
When this allocation information is released, DevTeamSix will release official documentation on how holders can claim their future allocations.
DevTeamSix will then finish developing a decentralized order book exchange, decentralized payment gateway, and the PYEChain that will catalyze mass developer onboarding. These platforms will help to strengthen the PYE Ecosystem and provide us with a clear path forward, delivering value for current and future holders.
Step 2: Decentralized Order Book Exchange
Professional investors seek a platform that offers the features of a traditional exchange but with the added security of decentralized technology (smart contracts) and the ability to self-custody assets. Our decentralized order book exchange aims to meet these needs and is expected to be completed in Q1 2023, around the middle of February. Unforeseen delays may cause this timeline to shift.
Step 3: Decentralized Payment Gateway
After the Decentralized Order Book Exchange is completed, the decentralized payment gateway is next on the roadmap for 2023. This payment gateway will enable seamless transactions between fiat and cryptocurrency that require no Know Your Customer information to be collected from the end user.
We will build out the core services of this platform utilizing existing technologies that we have already developed, coupled with the platforms set by our external fulfillment partners, to further build upon what has previously been completed. We estimate this will be unveiled for release at the END of Q2 2023.
Step 4: The PYEChain
The final roadmap item of the PYE Ecosystem consists of the PYEChain. Instead of learning a new language, developers will be able to use the programming language of their choice to write smart contracts, making it easier for them to get started and be productive.
This dynamic language tool would make the blockchain more accessible and appealing to developers, which would help drive the platform’s adoption and use. We target to release PYEChain in Q3 or Q4 of 2023. Unforeseen delays may cause this timeline to shift.
We look forward to continually innovating in the blockchain space and are steadfastly committed to developing a protocol that drives the mass adoption of cryptocurrency worldwide.
