Exploring Vulcan Forged (PYR): A Comprehensive Project Review
Vulcan Forged (PYR) stands as the native token of the blockchain-based game developer, trading hub, and dApps incubator, Vulcan Forged. Created in alliance with Polygon, it functions as the currency for all games and applications within the ecosystem.
Project Vision
Vulcan Forged is a multifaceted project which encompasses a gaming studio, an NFT marketplace, its own DEX, a decentralized applications incubator, and a thriving community exceeding 100,000 users.
Vulcan Forged – Much More than a Blockchain Gaming Studio Source: https://twitter.com/VulcanForged
More than 40 specialists from all over the globe, including locations such as Greece, the United Kingdom, and Ukraine, contribute their expertise to the development and promotion of the project. Vulcan Forged office is headquartered in Athens.
VulcanVerse stands out as Vulcan Forged's keystone game. Noteworthy creators of combat games, Jamie Thomson and Dave Morris, have lent their talents to craft this AAA-class fantasy metaverse infused with elements of Greco-Roman mythology..
VulcanVerse carves out its space in the gaming world as a massively multiplayer online role-playing game (MMORPG) featuring an open world where participants hold the reins to in-game assets through NFTs.
The Landscapes of the Fantasy Metaverse, VulcanVerse Source: https://docs.vulcanforged.com/
The metaverse of VulcanVerse branches into four distinct regions, each offering a unique aesthetic and set of opportunities. These lands unfurl original narratives, plot arcs, and quests ready for player engagement. Users are invited to uncover new assets, structures, and Vulcanite characters as they navigate the landscape.
Apart from VulcanVerse, the Vulcan Forged ecosystem flourishes with over 20 other dApps. Among these, Block Babies, Berserk, GepCats, Coddle Pets, and Vulcan Chess have gained significant recognition and popularity among users.
Vulcan Forged (PYR) Token: The Full Rundown.
Functionality
The Vulcan Forged (PYR) token, native to the Vulcan Forged ecosystem, is designed for compatibility with ERC-20/Matic and is integrated into all of its applications and games. Supported by Polygon, and in conjunction with the project's secondary token, LAVA, PYR is set to play a crucial role in revolutionizing the Play-to-Earn model.
PYR operates as the currency of Vulcan Forged and can be harnessed in a variety of ways:
- Transacting NFTs on the platform's proprietary marketplace;
- Wagering on plots of land, Titans, or Olympians in the star game, VulcanVerse;
- Engaging in staking and yield farming on Vulcandex;
- Retaining it to engineer dApps within the ecosystem, and more.
As time progresses, more and more opportunities requiring the use of the PYR token will emerge.
Vulcan Forged (PYR) has a total supply of 50,000,000 tokens. The PYR reward pool is of significant interest, having received an initial 10 million tokens from the Vulcan Foundation, and is continually replenished from several sources. The reward fund collects:
- 50% of each Vulcan Marketplace transaction;
- 10% from every direct asset sale commission;
- 50% from each payment for upgrading land, Titans, or Olympians;
- 10% from each prize pool and tournament fee in the Frenzy game.
The Vulcan Forged (PYR) token can be earned by participating in ecosystem games and apps or acquired on crypto exchanges (Binance, Kucoin, Gate.io).
Market Status
According to data from coingecko.com, at the time this piece was written, Vulcan Forged (PYR) ranked 321st among cryptocurrencies. The token is trading at $3.18. The asset's market cap stands at $76,050,475, with a circulating supply of 23,897,700, and a daily trading volume of $2,372,699.
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