How It Works
Understanding the PYRE payment flow and token mechanics.
The PYRE Payment Flow
1. Connect Wallet
Users connect their Solana wallet (Phantom, Solflare, etc.) to authenticate. No API keys or passwords needed - your wallet is your identity.
2. Make API Request
Call any PYRE API endpoint. The system calculates the required $PYRE amount based on current token price and API cost.
3. Payment & Burn
Approve the transaction in your wallet. 30% of tokens are burned permanently, 50% goes to the API provider, 15% to holder pool, 5% to treasury.
4. Receive Response
Get your API response along with a payment receipt showing how many tokens were burned. All transactions are verifiable on Solscan.
Why This Model?
Deflationary Token
Every API call reduces total supply, creating natural scarcity over time.
Usage = Value
More API usage means more burns, directly tying utility to token value.
Holder Rewards
Token holders benefit from platform usage through the reward pool.
Transparent
All payments and burns are on-chain, fully verifiable by anyone.