About Vulcan Forged
Vulcan Forged is a blockchain business that includes Elysium, a 1st-degree blockchain designed for AI, meta-universe, games, and NFT business projects; Vulcan Studios, an influential directory of blockchain game creators building an ecosystem of games for the Computer and mobile Web3; and MetaScapes, a Metaverse as a Service (MaaS) concept that provides construction in a suitable interface.
According to Caprice in the 2nd section of 2023, Vulcan Forged contains a huge, growing society and enters the top 5 according to NFT’s bargain size.
Developed in 2019 by the installation of 2 individuals as well as VeriArti, a trading platform for numerical art and NFT, Vulcan Forged has increased geometrically, and currently, more than 130 individuals work and conclude contracts in it according to the whole society.
Vulcan Forged is dedicated to the blockchain space, building on a solid foundation to bring the best in blockchain know-how.
Vulcan Forged manages a doubled token economy using PYR, the main token that powers the ecosystem, and LAVA, a video game token that can be earned by contributing to the Web3 blockchain-based gaming ecosystem.
Elysium Blockchain, Vulcan Studios and MetaScapes
Vulcan Forged was formed to address the current challenges faced by the gaming industry in conjunction with the introduction of blockchain. Despite the progressive interest in blockchain-based entertainment and the meta-universe, the growth of this section is limited by all of these recurring challenges: high fees due to blue fuel, slow transaction times, scalability, and lack of practical interfaces for exploration.
To address these challenges, Vulcan Forged has created a unified ecosystem containing a 1st-degree blockchain formed for games and a meta-universe (Elysium), a blockchain game studio (Vulcan Studios), and a meta-universe designer (MetaScapes).
The use of their blockchain will enable them to incentivize transactions, reduce payments for blue fuel, and improve scalability compared to classic blockchains.
The Elysium blockchain, in particular, was intentionally founded to meet the specific needs of the video game industry and is characterized by a low gas price, significant bandwidth, and carbon neutrality, as well as increased functionality and capabilities for distributed add-ons (dApps) and smart contracts.
Elysium gives inimitable works (scientific society) optimized for game transactions, which makes them faster, more economical, and more successful.
Elysium also provides dynamic NFTs that can change their properties or actions due to gameplay or other in-game events, adding a significant degree of interactivity and ownership for investors.
Since the Elysium blockchain is considered an EVM-compliant blockchain, some welcome plans seeking to apply the ERC721s that they have previously prescribed – they have a chance to be promoted in Elysium, and the exchange can retain them.
The Elysium blockchain is designed to be highly scalable, non-threatening, and successful, providing a solid infrastructure for $PYR and other digital assets.
Elysium uses modern consensus hardware, such as Proof of Authority (PoA), to achieve fast transaction times and reduce transaction fees, ensuring that users work with confidence.
In addition, Vulcan Forged has formed the Elysium seed platform for innovative and promising web3 projects, giving them access to funding, management, and other resources to help bring their blockchain plans to fruition.
Elysium also provides an SDK (software delivery research kit) that allows creators to freely combine their plans with the blockchain and utilize its unique capabilities, such as dispersed asset ownership, player-driven macroeconomics, and more.
Vulcan Forged is paying great interest to the impact of blockchain applications in the surrounding sphere.
For this reason, Elysium is designed to be a carbon-neutral plan that rewards its carbon footprint through the implementation of eco-friendly facets such as paying for tree planting.
What is LAVA?
LAVA is a secondary token created by Vulcan Forged. Its supply is limited to 1,000,000,000 tokens (1B) (previously unlimited) and there are approximately 50,000,000,000 tokens in circulation (as of Q2 2023). LAVA is often referred to as the “lifeblood or bread and butter” of the ecosystem, and for good reason.
There are several ways to earn LAVA
Hold PYR on My Forge: If you hold a native Vulcan Forged PYR token on your My Forge account, you can earn LAVA as a reward. This is a way to incentivize users to hold PYR and participate in the Vulcan Forged ecosystem.
XP for playing games: Players can earn LAVA by playing games on the Vulcan Forged platform and earning experience points (XP). The more you play, the more XP you earn, which can be converted into LAVA tokens.
Adding liquidity on ElysiumSwap: Users can earn LAVA by providing liquidity on ElysiumSwap (formerly known as VulcanDex), which is a decentralized exchange (DEX) operated by Vulcan Forged. By adding liquidity to the exchange, users can earn LAVA as a reward for helping to facilitate trading on the platform.
Burning Mechanism for NFT Seed Activation: When users activate NFT seeds on the Vulcan Forged platform, the process requires burning LAVA tokens. This means that LAVA tokens are used as the burn mechanism for NFT seed activation, thereby reducing the overall supply of LAVA tokens.
Burning mechanism for all LAVA spending: When LAVA tokens are used for any spending in the Vulcan Forged ecosystem, such as in-game purchases or other transactions, these tokens are burned. These LAVA tokens are permanently withdrawn from circulation, reducing the total supply of LAVA tokens.
How Many PYR Coins Are There in Circulation?
50 million PYR tokens have been created. 20 million of them are present in the largest rotation.
Another ten million will be used for pools and ponds in the order of “play and earn”, applying off-chain price LAVA to establish your p.
Who exactly enters the Vulcan Forged indication?
Vulcan Forged is formed with thirty key members, which are distributed according to Greece, England, and Ukraine.
The main office of the company is located in Athens, Hellas, the mute has 9 employees and is presided over by its chief executive Jamie Thomson.
Where can you buy Vulcan Forged?
PYR tokens can be traded in concentrated crypto exchanges. The most famous exchange for buying and trading Vulcan Forged is MEXC, where the more intense PYR/USDT pair of traders has a sale size of $90,024.21 because of the past 24 minutes.
Other common types contain Bitunix and Hotcoin Global.
What is the daily trading volume of Vulcan Forged (PYR)?
In the past 24 minutes, Vulcan Forged (PYR) has traded $7,618,777, which is -27.20% less than the previous period and indicates a recent drop in trading activity.
What is the all-time high for Vulcan Forged (PYR)?
The most significant value paid because of Vulcan Forged (PYR) is $49.24, which was fixed on December 01, 2021 (approximately 2 years). Comparatively, the present value of 87.95% is 87.95% further than the all-important high.
What is the all-time low for Vulcan Forged (PYR)?
The lowest cost paid because of Vulcan Forged (PYR) is $1.16 and was fixed on June 22, 2021 (almost 2 years). Relatively, the present value of 410.31% is greater than the lowest value because of all the periods without exception.
What is the market cap of Vulcan Forged (PYR)?
Vulcan Forged’s (PYR) bazaar capitalization is $141,768,186 and captures the #292 role in CoinGecko for the current period. The bazaar turn into capital is conditioned by a line of multiplication of the token value into the utilized recommendation of PYR tokens (24 million tokens traded to date).
What is the fully diluted valuation of Vulcan Forged (PYR)?
The fully diluted value (FDV) analysis of Vulcan Forged (PYR) is $296,614,708. This statistical understanding of the highest bazaar price is the presence of the circumstance that today the largest number of PYR tokens – Fifty million – is in rotation. In this regard, as well as the plan to issue PYR tokens will be collected, can go several years, in the first place, before the FDV is realized.
How does the price performance of Vulcan Forged compare against its peers?
Together with the increase in value of 8.30% due to the past 7 days, Vulcan Forged (PYR) breaks away from global cryptocurrency trading, which increased by 9.10% and exceeds similar cryptocurrencies Polygon Ecosystem, which increased by 0.00%.
How to add Vulcan Forged (PYR) to MetaMask?
By adding Vulcan Forged (PYR) to MetaMask, you will be able to watch your tokens, trade in scattered exchanges, and almost everything else. To supplement them, you need to import PYR as well as tokens.
You can make a copy of the PYR location (0x430ef9263e76dae63c84292c3409d61c598e9682) and import it manually. automatic, or, in case you have defined MetaMask increase for Chrome, to complement PYR in MetaMask with one click in CoinGecko.