ABOUT

As the creator of PYRAbarter.com and sole member of Pyramidon Cryptocurrency LLC, I am incredibly proud of our groundbreaking platform. PYRAbarter is revolutionizing how businesses transact by leveraging the power of PYRA tokens on the Algorand blockchain network. Our innovative platform enables enterprises to exchange goods and services without money, fostering a mutually beneficial barter ecosystem.

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                                                            PYRA Token Barter Credit on Algorand

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PYRAbarter.com employs Algorand-based PYRA tokens, each possessing a Barter Credit (BTC) value of 5000, equivalent to $5,000 for taxation, mathematical, and trading purposes. This clearly defined valuation ensures transparency and facilitates accurate accounting practices.

                                                              Transaction Fees and Tax Implications

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At PYRAbarter.com, we understand that businesses always seek ways to save money. That's why we've implemented a tiered fee structure 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 "sent" PYRA X $5000 = your tax burden as income.  Our transaction fees are separate from your IRS tax responsibilities.  We will send you a 1099B every year or quarterly if requested. 

                                                                               ​​Transaction Fees

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1. Up to $5,000: 1.0% fee, $50 maximum fee

2. $5,001 - $25,000: 0.75% fee, $37.50 minimum fee, $187.50 maximum fee

3. $25,001 - $100,000: 0.50% fee, $125 minimum fee, $500 maximum fee

4. $100,001 - $500,000: 0.35% fee, $350 minimum fee, $1,750 maximum fee

5. $500,001 - $1,000,000: 0.25% fee, $1,250 minimum fee, $2,500 maximum fee

6. $1,000,001 - $5,000,000: 0.15% fee, $1,500 minimum fee, $15,000 maximum fee

7. $5,000,001 - $10,000,000: 0.12% fee, $6,000 minimum fee, $12,000 maximum fee

8. $10,000,001 - $50,000,000: 0.10% fee, $10,000 minimum fee, $50,000 maximum fee

9. $50,000,001 - $100,000,000: 0.08% fee, $40,000 minimum fee, $80,000 maximum fee

10. $100,000,001 - $500,000,000: 0.06% fee, $60,000 minimum fee, $300,000 maximum fee

11. $500,000,001 - $1,000,000,000: 0.04% fee, $200,000 minimum fee, $400,000 maximum fee                     

12. $1,000,000,001: 0.01% fee, $100,000 minimum fee​                                

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