Pyth Network, a decentralized data oracle platform, has announced a retrospective airdrop program that aims to reward and engage community members who have actively participated in the ecosystem and contributed to its growth.
The PYTH token will have a total supply of 10B tokens with an initial circulating supply of 1.5B. The project has allocated 200M tokens to active DeFi participants out of 600M PYTH set aside for launch and community initiatives.
Pyth Network is a decentralized oracle platform designed to provide real-time market data to smart contracts on blockchain networks. It aims to offer high-fidelity, low-latency data sourced from a variety of contributors like trading firms, exchanges, and other financial institutions. This data can then be used in decentralized finance (DeFi) applications, algorithmic trading strategies, and other use cases that require robust financial market information.