The oracle project Pyth Network announced the PYTH token economics, with a maximum supply of 10 billion tokens

ChainCatcher news, the oracle project Pyth Network announced the PYTH token economics. The maximum supply of PYTH tokens is 10,000,000,000, with an initial circulation of 1,500,000,000 tokens (15%). 85% of the PYTH tokens are initially locked, and the locked tokens will be unlocked after 6, 18, 30, and 42 months following the initial token issuance.

Among them, 22% is allocated to network data providers, 52% is allocated to "ecosystem growth strategy," 10% is allocated to protocol development, 6% is reserved for the initial launch phase and related activities and programs, and 10% is allocated to two rounds of funding designated for strategic contributors.