Pyth network is a next-generation price oracle solution designed to provide on-chain valuable financial market data, including cryptocurrencies, stocks, foreign exchange and commodities, to projects and protocols and the public through blockchain technology. The network aggregates first-party price data from more than 70 trusted data providers and publishes it for use by smart contracts and other on-chain or off-chain applications.
The maximum supply of PYTH tokens is 10,000,000,000, and the initial circulation is 1,500,000,000 (15%). 85% of PYTH tokens are initially locked. The locked tokens will be released 6, 18, 30 and 42 times after the initial coin issuance. Unlocked monthly. 22% of this is allocated to network data providers, 52% is allocated to the "ecosystem growth strategy", 10% is allocated to protocol development, 6% is reserved for the initial launch phase and related activities and plans, and 10% of the allocation has been determined to be allocated to Two rounds of funding from strategic contributors.
