TechFlow news: Oracle project Pyth Network has released its PYTH tokenomics. The total supply is 10 billion tokens, with an initial circulating supply of 1.5 billion (15%). The remaining 85% will be locked and gradually unlocked at 6, 18, 30, and 42 months after launch. These tokens will be allocated to network data providers (22%), ecosystem growth initiatives (52%), protocol development (10%), early-stage activities and related events (6%), and two rounds of strategic contributor funding (10%).
Pyth governance covers decisions on network parameters, fee structures, publisher reward mechanisms, approval of on-chain program upgrades, addition of new trading instruments and their reference data listings, as well as pricing data from data providers.
