Has your TP alt done...
PYTH Token is the utility and governance token of the Pyth Network, a decentralized oracle network designed to provide accurate and high-quality real-time financial market data to blockchain applications. Pyth Network acts as a "bridge" between traditional financial markets and the blockchain world, allowing smart contracts on various chains (such as Solana, Ethereum, and more than 40 other blockchains) to access asset price data like stocks, crypto, forex, and commodities quickly and reliably.
Main Functions of PYTH Token:
Governance: PYTH holders can participate in the Pyth DAO (Decentralized Autonomous Organization) to vote on network parameters, such as oracle operational rules. Anyone with a minimum of 0.25% of the total staked PYTH can propose changes, and voting lasts for 7 days.
Incentives and Security: PYTH is used for staking by publishers (data providers) and delegators. This creates economic incentives to keep data accurate—if the data is incorrect, the stake can be "slashed" as a penalty. Currently, there are over 90 initial publishers (such as Binance, OKX, Bybit, and CBOE) contributing data.
Distribution and Tokenomics: The total maximum supply is 10 billion PYTH. Currently, the circulating supply is around 5.75 billion tokens. Major allocations include publisher rewards (to encourage quality data), ecosystem growth, and vesting (85% of tokens locked and released gradually every 6-42 months since launch in 2023).