What is PYTH (Pyth) (PYTH)

1. Project Introduction
Pyth Network is an oracle protocol that connects market data owners with applications across multiple blockchains. Pyth’s market data is provided by over 100 publishers, including some of the world’s largest exchanges and market makers. More than 55 blockchains and over 350 protocols trust Pyth to secure their applications. Pyth Network offers various products for developers, including Price Feeds, Benchmarks, Express Relay, and Entropy.
Summary: Pyth Network is a decentralized oracle that aggregates data from multiple providers and distributes it to 50+ blockchains.
2. Team & Investment Info
Michael Cahill: CEO of Douro Labs, the development company behind Pyth, previously worked at Jump Crypto.
Ciarán Cronin: Co-founder & COO of Douro Labs, previously at Jump Trading.
Jayant Krishnamurthy: Co-founder & CTO of Douro Labs, a software engineer at Jump Trading.
Funding: In December 2023, Pyth announced the completion of strategic financing with participation from Castle Island Ventures, Multicoin Capital, Wintermute Ventures, Borderless Capital, CMT Digital, and others.
3. Social Media URLs
X: https://x.com/PythNetwork
Telegram: https://t.me/Pyth_Network
Discord: https://discord.gg/invite/PythNetwork
4. Token Info
Token Symbol: PYTH
Total Supply: 10,000,000,000
Token Type: SOL
Issuance/Burn Mechanism: Fixed supply
Contract Address: https://solscan.io/token/HZ1JovNiVvGrGNiiYvEozEVgZ58xaU3RKwX8eACQBCt3
Token Distribution:
Publisher Rewards: 22%
Ecosystem Growth: 52%
Protocol Development: 10%
Community & Release: 6%
Private Sale: 10%
5. Related Links
Official Website: https://www.pyth.network/
LinkedIn: https://www.linkedin.com/company/pyth-network
DOCS: https://docs.pyth.network/home
Other Info: https://www.rootdata.com/Projects/detail/Vertex%20Protocol?k=NTAyNw%3D%3D