Pythenians 2.0 Key Proposal summary

Ideas Bank
1

Following the initial proposal Pythenians 2.0, here are the core points for future implementation:

  1. Treasury - Multisig restructured to 6/7 threshold with all CC members included

  2. Supply - Mint closed permanently, collection locked at current supply of 3,682

  3. Burn Mechanism - Burning active until collection reaches 1,750 NFTs, then stops permanently

  4. Level System

  • Level 1 = hold 1 Pythenian

  • Level 2 = Level 1 + 1 burned

  • Level 3 = Level 2 + 2 burned

  1. Burn Fees - Paid in PYTH tokens, amount TBA

  2. Pythentity - Badge system as outlined in the original proposal

  3. Visual Upgrades - Each level comes with visual changes to your NFT. Exact upgrades to be revealed to holders during the burn process

11 Likes
2

Strong. Fixed supply, burn mechanics, progression system and visual upgrades add real utility and long-term value to Pythenians. I’d especially like to see what exclusive benefits and privileges Level 2 and Level 3 holders will receive beyond the visual upgrades.

2 Likes
3

So glad uve summed up to the next stage​:fire:

I agree on all points and 1750 is close to 50 procent so the goal is high but achievable.

Also big fan of Pythentity badges and a wall of “fallen” pythenians that contributed to the victory with their burning end.

And there are traits and benefits for holders with levels. It just ticks all the boxes and really excited!!
Will the levels benefits and traits to nfts be revealed after the vote or is that something we need to confirm here before vote.

Big month :purple_heart:

2 Likes
4

Visual Upgrades are easily the most exciting part for me. I’m really curious to see how the NFTs evolve through each level and what the final forms will look like. Will upgrades be layered onto the existing NFT or transform it entirely? Also curious whether this will make each NFT feel more unique, rare, and valuable over time. Can’t wait to see it in action and start grinding toward Level 3.

2 Likes
6

I can’t but express how impressed I’m with the proposal, hard yes from me to all of the above

1 Like
7

Yeah, I’m really digging this. The treasury restructure and locked supply give me confidence you guys know what you’re doing. The burn mechanic to 1,750 makes sense too – creates actual scarcity at the end instead of just bleeding forever. Main thing I’m curious about is what the burn fees look like, but otherwise this feels like the move. Excited to see the visual upgrades when it drops.

1 Like
8

Pitch perfect imho! Just need to ensure the visual upgrades are quality and culturally relevant. Thanks noname!

2 Likes
9

as we were discussing before, the benefits will be in gradual mode
Level 3 will have top max benefits in all initiatives that are underway

1 Like
10

Basically that will be a lot of artist work, but definitely nobody would like to see nothing changed at all
We need to see the original collection + immediately recognize new levels

11

The burn mechanism will be easy to understand
Fe just giving a potential solution - website - connect your wallet - choose NFT to LEVEL up, select NFT to burn, pay Pyth fees. As easy as that. Metadata and visuals should be upgraded at this stage

2 Likes
12

definitely, ser! I don’t want it to be trivial as well