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?

Pythenians 2.0