ABOUT

PYRAbarter is a platform that allows businesses to exchange goods and services using PYRA tokens on the Algorand blockchain network. To get started, users must download the app and create an Algorand wallet using a 25-word mnemonic phrase provided by PYRAbarter. After the account is created, users can use PYRA tokens to barter with other businesses on the platform. PYRA tokens have a Barter Credit (BTC) of 5000, which is equivalent to $ 5,000 USD for tax, math, and trading purposes. PYRAbarter charges a 2% fee on total transactions and provides notice for an aggregate amount of PYRA sent annually.  This amount must be claimed as income on your IRS 1040 form. Your tokens are safe with backup seed phrases and a clawback function is in place to protect against bad actors, lost access, or mistakes. Any PYRA tokens found outside of the PYRAbarter network will be clawed back and become the property of the platform.