Pieverse Unveils PIEVERSE Tokenomics: Powering the Future of Web3 Payments

Pieverse, a Web3 payment and compliance infrastructure provider, has released the tokenomics details of its native token, PIEVERSE. This announcement marks a significant step in the platform's development and expansion within the decentralized finance (DeFi) space.

Understanding the PIEVERSE Token

The $PIEVERSE token serves as the native utility and governance token for the Pieverse ecosystem. It's designed with several key use cases:

  • Reduced Transaction Fees: Holding PIEVERSE tokens can grant users access to lower transaction fees within the Pieverse platform.
  • Staking: Users can stake their PIEVERSE tokens to earn rewards and contribute to the network's security.
  • Governance Participation: PIEVERSE holders will have the ability to participate in governance decisions, influencing the future development and direction of the Pieverse platform.
  • Payments: The token can be used as a means of payment within the Pieverse ecosystem.

Token Distribution

The total supply of PIEVERSE tokens is capped at 1 billion, distributed as follows:

  • Community Development: 27.6%
  • Ecosystem Building and Marketing: 27.4%
  • Team and Advisors: 20%
  • Investors: 15%
  • Foundation: 10%

All allocations for team members, advisors, investors, and core contributors are subject to a 12-month lock-up period, followed by a linear vesting schedule.

Funding Milestone

Pieverse previously announced a $7 million strategic funding round led by Animoca Brands and UOB Venture. Additionally, Pieverse secured $3 million in funding from CMS Holdings to support its expansion on the BNB Chain. This brings the total funding raised by Pieverse, including seed and strategic rounds, to $10 million.

Looking Ahead

With the release of the PIEVERSE tokenomics and significant funding secured, Pieverse is poised to further develop its payment infrastructure and solidify its position within the Web3 landscape. The PIEVERSE token is expected to play a vital role in fostering ecosystem growth and encouraging community participation.


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