FAQ
FAQ
1. Are you involved in any launchpad or sale of $PYRO tokens?
No, we are not associated with any launchpad or private sale of $PYRO tokens. The only way to generate $PYRO is through participating in the PyrroSol protocol. All $PYRO tokens represent the "proof of burn" and can only be minted from the protocol, not out of thin air. To acquire $PYRO, users must participate in at least one cycle by contributing at least one batch. In the future, $PYRO may be available on DEXes, but it will be through buying someone else’s proof of burn, not generating new tokens.
2. What is PyrroSol?
PyrroSol is a gamified token-burning mechanism on Solana, designed to allow users to actively burn tokens and earn rewards through the $PYRO token.
3. What does fair launch mean?
Fair launch means that no team members have privileged access to token distribution. There are no private sales, no team allocations, no treasury allocations, and no marketing allocations. The entire 5,010,000 $PYRO supply will be minted solely through the burning process, ensuring equal opportunities for all participants.
4. How does the burning process work?
The process operates in 24-hour cycles. Each cycle mints a fixed amount of $PYRO, starting with 10,000 tokens on Day 1 and decreasing by 0.2% daily. Users earn $PYRO by sending batches during a cycle.
5. How are $PYRO tokens distributed in a cycle?
At the end of each cycle, $PYRO is distributed proportionally based on the number of batches each user sent. The maximum number of batches allowed per user per cycle is 10,000.
6. What happens to the contributed $SLERF/$JUP and $SOL tokens?
All project tokens ($SLERF, $JUP, etc.) are burned at the end of each cycle. The $SOL goes into a pool, distributed 90% to participants and $PYRO stakers, and 10% to the team for administrative costs and development.
7. How can users claim their rewards?
$PYRO tokens are automatically staked after each cycle. Users can claim them, but doing so halts their $SOL rewards. To resume earning $SOL, users need to re-stake their $PYRO. There is no lock or unbonding period for claiming $PYRO. To prevent flash loans, once $PYRO is staked, users cannot withdraw them for two cycles.
8. Why should I participate in the burning process?
Participating in the burning process allows users to earn $PYRO and $SOL rewards, foster ecosystem growth, support token scarcity, and benefit from compounding rewards over time. It's an active way to contribute and earn within the system.
9. Are there future plans?
Yes! We have a variety of features on our roadmap. Check the roadmap section for the latest updates, as we continuously review features to ensure they enhance the protocol without disrupting its core.
10. What if no batches are sent in a cycle?
If no batches are sent during a cycle, no $PYRO tokens will be minted. The concept is simple: no burns, no new tokens.
11. Is PyrroSol a Ponzi or MLM scheme?
No. PyrroSol is not a Ponzi scheme or MLM. It rewards active participation in the burning mechanism and does not depend on recruiting new participants. Rewards decrease for inactive users over time, ensuring sustainability through participation rather than recruitment.
12. Will early participants have an advantage?
Early participants might enjoy early rewards, but as more people join, the rewards become proportional to batch contributions. A user joining later can earn similar rewards by contributing actively.
13. What is the BUFU NFT Collection?
The BUFU NFT Collection allows users to earn additional rewards. BUFU NFT holders receive 50% of the protocol fees, distributed based on the strength of their NFTs.
14. How does staking $PYRO work?
When you stake $PYRO tokens, they automatically generate rewards in $SOL. Unclaimed $PYRO tokens are automatically staked. To resume earning rewards after claiming, users must re-stake their $PYRO tokens. There’s no lock/unbonding period.
15. How secure is the PyrroSol protocol?
Security is a priority. All smart contracts are thoroughly tested and audited. The decentralized nature of the protocol ensures transparency and security, and users are encouraged to follow best practices with their wallets.
16. What wallets are compatible with PyrroSol?
PyrroSol is compatible with Solana-supported wallets. Make sure your wallet supports staking and DEX trading to fully participate in the protocol.
17. How does PyrroSol handle token price fluctuations?
PyrroSol uses a slippage mechanism to protect users from token price fluctuations during batch creation. Users can set an acceptable slippage range, and if the price exceeds that range, the transaction will fail, ensuring fair dealings.
18. What support is available if I encounter issues?
PyrroSol offers support via its Telegram channel and detailed documentation on the website. Reach out at any time for help from the support team or the community.
19. Can I participate in multiple cycles simultaneously?
Yes, you can participate in multiple cycles, but each cycle operates independently within its 24-hour window. Contributions must be made within the timeframe to qualify for $PYRO rewards in that cycle.
20. How are administrative costs managed?
5% of the $SOL contributions go toward administrative costs, including team expenses, development, marketing, hosting, and partnerships, ensuring the protocol’s continuous growth and sustainability.
Last updated