Vulcan Forged is a gaming studio dedicated to building NFT games on Ethereum, Polygon, and BSC. Among the series of games on its platform, VulcanVerse and Berserk stand out as the two main titles. PYR is its native utility token, enabling users to purchase NFTs from the game marketplace, stake tokens, and pay scholar registration fees.
PYR serves as the native utility token within 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 stake PYR to upgrade their land NFTs in the game, increasing staking rewards (paid in LAVA tokens).
Liquidity mining: Users can add liquidity to VulcanDEX’s liquidity pools to earn liquidity mining rewards and a portion of DEX trading fees.
Scholar registration fee: To rent NFTs as scholars, users need to pay the scholar registration fee using PYR.
The core components of Vulcan Forged include:
LAVA Token: This is the second token within the Vulcan Forged ecosystem, with the following use cases:
Play-to-earn: Users earn LAVA by staking PYR and playing Vulcan Forged games.
In-game currency: Users will need LAVA for in-game transactions (e.g., upgrading NFTs, building on plots).
VulcanDEX: Users can provide liquidity, stake tokens, and swap LAVA tokens for PYR through this decentralized exchange.
Vulcan Marketplace: Users can buy and sell NFTs on the Vulcan Forged marketplace.
In-game NFTs: Within the Vulcan Forged ecosystem, various types of NFTs exist, including Lands, Vulcanities, Seeds, Gods, etc.