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Vulcan Forged is a game studio dedicated to building NFT games on Ethereum and Polygon and BSC. Among the series of games on its platform, VulcanVerse and Berserk are the project's two main titles. PYR is its native utility token, which allows users to purchase NFTs from the game market, participate in staking and pay academic registration fees.
PYR is the native utility token of the Vulcan Forged ecosystem with the following use cases:
Buying and selling NFTs: Users can use PYR to buy and sell NFTs and in-game items on the Vulcan Forged marketplace.
Staking: Users can upgrade their in-game land NFTs by staking PYR, which will increase the yield of staking rewards (paid in LAVA tokens).
Liquidity mining: Users can add liquidity to VulcanDEX's liquidity pool to earn liquidity mining rewards and a portion of DEX transaction fees.
Scholar registration fee: In order for users to rent NFTs as scholars, they need to use PYR to pay the scholar registration fee.
Vulcan Forged consists of the following main components:
LAVA Token: It is the second token in the Vulcan Forged ecosystem with the following use cases:
Play and Earn: Users earn by staking PYR and Earn LAVA by playing the Vulcan Forged game.
In-game currency: Users will need LAVA to pay for in-game transactions (i.e. upgrading NFTs, building on land).
VulcanDEX: Users can provide liquidity, mortgage, and exchange LAVA tokens for PYR through the platform's DEX.
Vulcan Market: Users can buy and sell NFTs on the Vulcan Forged Market.
NFTs in the game: In the Vulcan Forged ecosystem, there are different NFT types, including Lands, Vulcanities, Seeds, Gods etc.