Vulcan Forged PYR

• Vulcan Forged PYR (PYR) is an ERC-20 / Matic compatible utility token for the Vulcan Forged ecosystem, including a game studio, NFT marketplace, and dApp incubator.

• It is used for marketplace transactions, staking, and farming on Vulcandex and is earnable through gameplay.

• Central to the play-to-earn model in the Vulcan Forged ecosystem.

• The total supply is capped at 50 million PYR tokens.

• Distribution includes staking rewards, team allocation, reserve, and ICO public sale.

• Ten million PYR allocated for VulcanVerse land staking over four years.

As of today #{today’s date}, the price of Vulcan Forged PYR is ₹299.82 INR or 3.217 USD, with a 24-hour trading volume of 6293453.61 USD. The market capitalisation for Vulcan Forged PYR is 125326221.82USD. The circulating supply is 39004706.15 Vulcan Forged PYR, with the total supply also being 50000000 Vulcan Forged PYR.

Pros:

• Low transaction fees are due to the Layer 2 solution on Polygon.

• Multiple utilities within the Vulcan Forged ecosystem.

• Incentives for staking and playing games.

Cons:

• Limited to the Vulcan Forged ecosystem.

• Requires technical knowledge for optimal use.

• Integral to the Vulcan Forged ecosystem with growth potential and play-to-earn opportunities.

• Offers utility and potential for appreciation.

• Versatile utility within the Vulcan Forged ecosystem, from transactions to staking and farming.

• Supports a range of gaming and dApp activities.

• Addresses high transaction fees in blockchain gaming and NFT marketplaces with Polygon’s Layer 2 solution for low-cost, speedy transactions.

• It was developed by a team led by CEO Jamie Thomson, based in Athens, Greece but operating globally.

• Focuses on blockchain game development and NFT marketplaces.

• ICO price was $0.4, raising $6 million in March 2019.

• Includes market volatility, regulatory changes, and sector-specific risks in gaming and NFTs.

• Token value and ecosystem success depend on the adoption and development of Vulcan Forged games and services.

The Vulcan Forged whitepaper outlines the vision and mechanics of the PYR token within its ecosystem. PYR is designed as a multifunctional token to support transactions, staking, and rewards within the Vulcan Forged platform, which includes a game studio, NFT marketplace, and dApp incubator. The ecosystem aims to create a comprehensive blockchain gaming and NFT experience, leveraging PYR for various utilities such as marketplace transactions, land staking in VulcanVerse, and participation in play-to-earn models.

The whitepaper details the tokenomics of PYR, including its total supply, distribution strategy, and staking rewards mechanism. It emphasises the importance of PYR in facilitating low-cost transactions through its integration with the Polygon network, addressing common challenges in the blockchain gaming industry, such as high gas fees and slow transaction speeds.

Furthermore, the document elaborates on the governance model, allowing PYR holders to participate in decision-making processes regarding the development and direction of the Vulcan Forged ecosystem. This includes proposals for new games, features, and improvements within the platform.

The Vulcan Forged whitepaper presents a roadmap for the ecosystem’s expansion, highlighting upcoming games, features, and partnerships aimed at growing the community and enhancing the utility of PYR. It underscores the project’s commitment to creating a vibrant and sustainable ecosystem that rewards players, developers, and token holders.

In summary, the Vulcan Forged whitepaper provides a comprehensive overview of the PYR token’s role in establishing a decentralised gaming and NFT platform. It outlines the project’s vision for revolutionising the play-to-earn concept, leveraging blockchain technology to create a seamless and engaging experience for users worldwide.