PANews reported on November 8th that payment infrastructure Pieverse has released the tokenomics model for its native token, PIEVERSE. The $PIEVERSE token is Pieverse's native utility and governance token, launched by the foundation. Its primary uses include reducing transaction fees, staking, participating in governance, and payments.

The total supply of PIEVERSE is 1 billion tokens, distributed as follows: Community Development (27.6%), Ecosystem Building and Marketing (27.4%), Team and Advisors (20%), Investors (15%), and Foundation (10%). All allocations to team members, advisors, investors, and core contributors are subject to a 12-month lock-up period, after which they will be distributed proportionally.

Previously, on October 24th , Pieverse, a Web3 payments and compliance infrastructure startup, announced the completion of a $7 million strategic funding round. This round was co-led by Animoca Brands and UOB Venture, with participation from 10K Ventures, Signum Capital, Morningstar Ventures, and others. On October 30th , Pieverse announced it had received $3 million in funding from CMS Holdings, which will support x402b's expansion on the BNB Chain. This brings its total funding, including seed and strategic round investments, to $10 million.