Pythenians 2.0

Ideas Bank
1

The Future of Pythenians

Pythenians NFT collection enters a new chapter under Community Council management. Built on the foundation of everything the previous team created, CC is now stepping in to carry the project forward - with clear direction, full transparency and real utility at its core.

Following proposal covers various angles in the future development of the project.

1. Treasury

Multisig Structure

We propose adopting the same model as CC - all 7 Community Council members as part of the multisig, with 6/7 votes required to execute any transaction. This setup would be reviewed annually following each CC election.

Current Treasury Breakdown

  • 115 SOL staked with Helius

  • 97 SOL staked with Jito

  • 185 SOL in treasury

  • ~$71,700 USDC in treasury

  • 69000 $PYTH

This information is shared for full transparency so the community can understand the current state and contribute ideas on how to best manage these funds.

2. Quality Over Quantity

Current collection: 4,669 total / 3,682 minted

The mint has been open since November 22, 2024. That’s more than enough time. We propose closing the mint permanently, locking final supply at 3,682.

But we go further. Through the Level system, holders who level up will burn NFTs in the process. Supply doesn’t just stop growing - it actively shrinks. Less supply, same demand, higher value.

For context: Pythenians originated as a CTO from Pikenians — holders could mint by burning 1 common Pikenian or 2 Undead Pikenians.

3. Level System & Benefits

Each Pythenian NFT will receive a new on-chain trait: LEVEL

Leveling up requires burning Pythenians:

  • Level 1 — hold 1 Pythenian

  • Level 2 — burn 1 (2 total)

  • Level 3 — burn 3 total

  • Level 4 — burn 6 total

  • Level 5 — burn 10 total

Every burn transaction carries a 0.1 SOL fee directly to the community treasury.

Each level unlocks increasing benefits within the ecosystem. Level 5 represents the maximum utility tier - the full benefit structure across all levels is open for community discussion and will be defined collaboratively.

Proposed Level 5 benefits as a starting point:

  • Access to premium features across community-built apps

  • Discounts for individual Pyth Pro usage

  • On-chain voting rights for Pythenians governance and proposals

  • Priority access to partnerships and collaborations

  • Discounts on Pyth merch

  • Additional PythWheel spins + access to exclusive gated wheels

  • Priority or free access to IRL meetups and events

But isn’t this just for whales? That’s where Pythentity comes in.

4. Pythentity — Badge System

Your Pythenian identity isn’t just your NFT level. It’s everything you’ve done in the ecosystem. Pythentity tracks that through badges - built specifically for our community.

Proposed badges:

  • OG - joined Pyth Discord before the official collection mint date

  • Pyth Staker - tiered by stake amount

  • DAO Participant - voted on Realms, tiered by number of votes cast

  • Level Badges - one per level achieved

  • Community Role Badges - Chiron, Venus de Milo, Aristophane, High Priest

  • Honorable Badges - manually issued for exceptional contributions

Badges are non-transferable, tied to your wallet, and contribute to your overall Pythentity Score - visible on your profile and shareable on CT.

5. The Combined System

Level is your gate. Pythentity Score is your rank within it.

Two Level 5 holders aren’t equal. One burned 10 NFTs and disappeared. Another burned 10, stakes PYTH, participates in governance, shows up every day. The platform reflects that difference - in rank, in rewards, in recognition.

Burns get you in. Everything else determines where you stand.

6. Treasury & Rewards

Every burn generates 0.1 SOL to the community treasury. Combined with secondary market royalties, the goal is simple — a self-sustaining treasury that funds the project and rewards the community.

Our starting proposal: a percentage of treasury revenue distributed periodically to highest level holders. The exact structure - percentage, frequency, eligibility- we want to define together with the community.

7. IRL Activities

IRL activities are a core part of Pyth and Pythenians culture — with community members flying in from across the continent to attend. We will continue organizing meetups going forward.

7. Pythenians Week

We suggest we stop running Pythenians Weeks entirely.

Given current market conditions and the fact that such events are extremely difficult to organize, it would be better to halt Pythenians Week and replace it with Pyth Wheel, Pythentity and the newer content creation missions.

We Need Your Feedback

This is a proposal, not a final decision. Nothing moves forward without community alignment. Some specific questions we’d love input on:

  • Does this system make sense overall, or is there a flaw in the logic?

  • What should each level unlock - what benefits actually matter to you?

  • How should treasury revenue be structured and distributed?

  • How should the treasury be managed and allocated going forward - all ideas welcome

  • What badges are missing from the list?

14 Likes
Pythenians 2.0 Key Proposal summary
2

I like the idea.

I also would like to propose an idea of having some kind of a system, as you mentioned ‘levels’ or it could be staking? As we originally had a staking option before with pikenians.

Where users would earn a bit of the treasury or $pyth weekly or monthly or daily… and - the more pythenians you hold the better rewards.

but everything else - looks really good, cool ideas!

Cheers

6 Likes
3

This is exactly why we want to introduce the levels!
It was mentioned that the revenue share is one of the things to implement

5 Likes
4

Lovely discussion.

So if i get it correctly:

We stop the mint so no new ones are bein generated. The supply ks then fixed to those 3.6k.

Now for example i hold 20 pythenians and i burn 3 for leveling up .. so i burned mY 3 nfts and get level up thants bringing me benefits and the supply is with every burn smaller.

Is there any max burn so we dont burn the collection :grinning_face:

If u could elaborate i would really appreciate it​:people_hugging:

Tnx

Pythenians for life​:crystal_ball:

We will get the best merch in this space amnd we will trailblaze in this section u got my word on this m.. it will be my lifes mission :raising_hands:

Lob u all purplees :purple_heart:

5 Likes
5

this is exactly the things to discuss, ser
How many levels would be max?
I am on the practical side, that it will reduce the size collection, but not to the extent that everything is burned for sure

4 Likes
6

This is a good one.

I would need a little more clarification on some aspects which I am still digesting.

Pyth pilled always.

3 Likes
7

We should add the .pyth.sol subdomain to the “pythentity” score to promote new subdomain mints too and add any funds from that to treasury too, also a website hub something similar to the banana stand from monkedao, that promotes using your nft as pfp on X and gives you bananas while you use it and use that bananas for raffles, small detail but a lot of monkes on the timeline comes from that, sweet perks that promote presence and a hub to check all of the community activities is really appreciated

3 Likes
8

Really like this direction closing the mint and letting supply shrink through burns is exactly what the collection needs, you’re engineering scarcity from the inside rather than chasing demand

The burn curve feels balanced too, steep enough to make Level 5 meaningful without locking out mid size holders. The 0.1 SOL fee per burn going straight to treasury is a nice touch as well

One thing worth discussing as a community: is the Level trait wallet bound or does it stay with the NFT on transfer? That changes the secondary market dynamics completely and I’d love to hear where CC stands on it

4 Likes
9

Yeah with 3600 now

we cut 10% or more

Around 3000 schould work i guess

Level 5 sound intimidating :face_with_peeking_eye:

And burning rare ones? Same 1:1 ?

3 Likes
10

Man, this is exactly the kind of vision we’ve been waiting for!

And that distinction between a Level 5 ghost and a Level 5 governance chad is what’s going to keep the community high-quality

5 Likes
11

This proposal makes absolute sense, and it’s excellent. I love that it leaves room for reflection and action-oriented growth. I’m not sure if other collections are doing something similar, but Pythenians aren’t just NFTs for flipping or quick profits, they are a reflection of who you are within Pyth and as an individual, which is vital

While I’m not sure about specific mechanics yet, the system should logically demonstrate the difference between levels, providing benefits with an increased effect or greater opportunities, essentially maintaining clear proportionality

We could also consider adding a negative badge like a “Ghost Badge” for those who remain inactive

2 Likes
12

pyth.sol was a long time sub domain campaign with a very exclusive offer, not even sure if it’s available still
I guess your idea of website hub is similar to pythentity that is in progress now
A bit different mechanics, but similar vibes of promoting

13

Imho, we should not put any hard cap or small cap for the amount to be burned
I would say, realistically, if we somehow will manage to urn 30% - that would be huge success
There are no rare ones or usual ones in Pythenians, basically they are all 1-o-1
The max level is still subjected for discussion

2 Likes
14

I guess even without the badge, people who are not showing up - will not show up
Regarding other collections - burn mechanics was always there
But the burn mechanics that I know was usually connected either just for some IRL drop like merch or something, some roles and so on
The core idea behind is to burn for the tiered utility. That one I haven’t seen so far
Staking - yes. But even with such a big collections as DeGods and y00ts (failed) the only staking system that I know so far is in Clayno. But we are talking about very different collection approach, treasury and so on.

3 Likes
15

I would be the advocate for the level to be added as a trait for NFT
but your on-chain activity will be wallet-bound

1 Like
16

I see now

Ok thats sounds noice even if we acchieve 20%

Somehow theyre graded on Tensor :person_shrugging:t3: but i know i just treasure some more :face_with_peeking_eye::grin:

Pythentitiy i think is a brilliant gate for al this​:fire:

17

I love the idea to burn more Nft’s and fix the supply also the Ranks love it

3 Likes
18

Really like the direction and the focus on utility, transparency, and community ownership. As an existing holder and staker, my main question is: how are current loyal supporters rewarded without needing to buy and burn more NFTs? Would love clarity on how staking, participation, and long-term support factor into Pythentity and future rewards.

3 Likes
19

Great initiatives — I fully support them! I’m not entirely clear about the burned NFTs though — will they be permanently removed from circulation?

2 Likes
20

Hey guys! First time here! I liked the proposal, but, i don’t want to burn my Pythenian to level up…you could do something like… if you hold more pythenians you climb the board and if you burn one, you’ll receive a boost, something like these!!

Amazing job guys! Keep going and counting me in to support you all!

2 Likes