As the CEO of PYRAbarter.com, I am incredibly proud of the groundbreaking platform we have created. PYRAbarter.com is revolutionizing the way businesses transact by leveraging the power of PYRA tokens on the Algorand blockchain network. Our innovative platform enables businesses to seamlessly exchange goods and services, fostering a mutually beneficial barter ecosystem.
PYRA Token Valuation
PYRAbarter.com employs Algorand-based PYRA tokens, each possessing a Barter Credit (BTC) value of 5000, equivalent to $5,000 USD for taxation, mathematical, and trading purposes. This clearly defined valuation ensures transparency and facilitates accurate accounting practices.
Transaction Fees and Tax Implications
At PYRAbarter.com, we understand that businesses are always looking for ways to save money. That's why we've implemented a tiered fee structure that is significantly lower than traditional payment processors. This ensures that PYRAbarter.com can continue to operate and provide businesses with the innovative tools they need to succeed. For facilitating your trading we bill at the following rates annually. Remember, your total "send" transactions of PYRA X $5000 USD = your tax burden as income. Our transaction fees are separate from your IRS tax responsibilities.
Up to $5,000 is 2.0% or $100 MAX
$5,001 - $10,000 is 1.5% or $75 - $150
$10,001 - $50,000 is 1.0% or $100 - $500
$50,001 - $100,000 is .75% or $375 - $750
$100,001 - $500,000 is .50% or $500 - $2,500
$500,001 - $1,000,000 is .25% or $1,250 - $2,500
$1,000,001 - $10,000,000 is .15% or $1,500 - $15,000
$10,000,001 - $100,000,000 is .10% or $1,000 - $10,000
$100,000,001 - $1,000,000,000 is .05% or $50,000 - $500,000
$1,000,000,001 and above is 0.01% or $100,000 MIN
In addition to our competitive fee structure, PYRAbarter.com offers a host of other benefits to businesses, including:
Seamless barter transactions
Security and transparency
At PYRAbarter.com, we take security very seriously. That's why we have implemented a number of robust measures to protect our users' funds and information. These measures include:
Backup seed phrases: In the event of a lost or stolen device, users can recover their funds using their backup seed phrases.
Clawback feature: This feature allows us to claw back any PYRA tokens that are discovered outside of the PYRAbarter.com network. This helps to protect the integrity of the platform and the value of our tokens.
Regular security audits: We conduct regular security audits to identify and address any potential vulnerabilities.
Relationship with PYRAmidion Cryptocurrency LLC
We are proud to partner with PYRAmidion Cryptocurrency LLC, a licensed Money Service Business. PYRAmidion Cryptocurrency LLC has entrusted our company with 100 Billion PYRA tokens for consignment. These tokens currently cost 1$ each to purchase but are used at 5000 Barter Credit (BTC) each in the PYRABarter trade network.
PYRAbarter.com is a revolutionary platform that is changing the way businesses transact. Our platform is secure, transparent, and user-friendly. We are committed to providing businesses with the tools they need to succeed.
I invite you to join us on this journey by creating a PYRAbarter.com account today.
Damon D. Danner