PYRIN Tokenomics

PYRIN-ONE
pyrin
Published in
2 min readDec 27, 2023

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Increased mining decentralization is achieved through Kaspa’s BlockDAG architecture, featuring rapid block rates that facilitate effective solo mining even at lower hash rates. PYRIN, fair-launched in November 2023 without any pre-mine or sales, stands as a fully decentralized, open-source, community managed project. The maximum supply of PYRIN is capped at 1 billion coins, and its issuance schedule involves an annual halving by a factor of (1/2)^(1/12) through gradual monthly reductions. After a six-month period, the first reward reduction to 14 $PYI will take place in May 2024.

The emission curve shows the circulating supply of PYRIN starting 2023 and continuing for the next several decades.

Initial mining activities took place on CPUs and switched to GPU, marking the commencement of PYRIN’s decentralized journey.

Circulating Supply: https://explorer.pyrin.network/
Total Supply: 882 613 435 $PYI
Max Supply: 1 000 000 000 $PYI
Marketcap: https://explorer.pyrin.network/ or https://www.coingecko.com/en/coins/pyrin
Block Time: 1 block/second
Block Reward until May 2024: 17 $PYI

About PYRIN

PYRIN, a decentralized Kaspa fork integrated with Blake3, combines BlockDAG and GhostDAG with innovative Smart Contracts, ensuring scalable and instant transactions with low fees and introduces a groundbreaking resource-managing Proof-of-Work (PAIW).

Website | Twitter | Discord | Telegram | GitHub

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