Vulcan Forged

What Is Vulcan Forged (PYR)?

You may be aware of the reward system in blockchain gaming technology where users are rewarded for excellent performances. Similarly, Vulcan Forged is a blockchain game-creating ecosystem that facilitates its users to play and earn. It’s a multiplayer game that goes by the name of VulcanVerse.

In this game, users earn Vulcan’s native token, PYR, which can be used to pay for market settlements and purchase in-game assets. You can also convert the PYR token into your local fiat currency.

A Look at Vulcan Verse

This game works as a real estate business, as users have to buy and sell plots. Every user ensures that he buys plots at a lower price to have enough margin while selling them. The deals are locked in the game with the PYR currency, and all the transactions are carried out through it. There are levels in the game, and the more a user has, the better he will earn.

As there is always a threat of occupation on your plots in real life, the same holds true in the VulcanVerse game. Vulcanities are the characters or creatures that you can use to protect and fight for your land. Every user is given three vulcanities at the start of the game, and later, as you reach a higher level, your creature’s powers and abilities will also be enhanced.

You can even buy some premium features for your vulcanities through your earned PYR tokens, making them more powerful. Moreover, vulcanities are also used to spy on your opponent’s behavior, find NFTs (Non-Fungible Tokens), and play different games in the Vulcan Forged Ecosystem.

The Concept of Vulcan Forged PYR

Vulcan Forged is based on the Ethereum blockchain and was built to help developers create programs that support the Vulcan Forged PYR ecosystem.

Vulcan Forged PYR is an ecosystem in which gamers can earn handsome amounts, and PYR is the currency they will earn in. Games can be created from Vulcan Forged, and all the transactions will be under the ecosystem of the Vulcan Forged marketplace.

The Creation and Evolution of PYR

Vulcan Forged was formed to improve the blockchain gaming experience for its users and to make a more robust ecosystem where regular updates and new games are being created continuously.

From being the currency of a game, PYR has now evolved into the main currency in blockchain gaming technology under the Vulcan Forged Ecosystem.  Its use cases have also been entirely updated, as it is now being used in many transactions.

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Blockchain and Vulcan Forged

Here is how blockchain is being used in Vulcan Forged.

The Role of Ethereum and Polygon in PYR

Ethereum is a leading blockchain known for its robust smart contract functionality. Vulcan Forged leverages smart contracts on the Ethereum blockchain to create and execute decentralized applications (DApps) within its gaming ecosystem.

Using Polygon, Vulcan Forged aims to enhance the user experience by reducing transaction costs and improving scalability. This allows players to engage in the Vulcan Forged ecosystem more efficiently and cost-effectively.

Smart Contracts and PYR Token

Smart contracts are self-executing contracts with the terms of the agreement directly written into code. Vulcan Forged employs smart contracts to automate various processes within its gaming ecosystem, ensuring transparency and decentralization.

Security Measures in Vulcan Forged

Here are two security features in Vulcan Forged.

Protecting Digital Assets within Vulcan Forged

Vulcan Forged uses multi-signature wallets to enhance digital asset storage security. These wallets require multiple private keys to authorize a transaction, reducing the risk associated with a single point of failure.

Anti-Fraud Protocols and User Safety

Vulcan Forged employs anti-fraud protocols to detect and prevent fraudulent activities within its ecosystem. This includes monitoring for unusual transaction patterns, implementing risk-based authentication, and utilizing machine learning algorithms for anomaly detection.

Vulcan Forged prioritizes user safety by implementing account recovery options, secure communication channels, and clear guidelines for avoiding common scams or phishing attempts.

The Economic Model of Vulcan Forged PYR

The economic model of Vulcan Forged revolves around its native utility token, which can be used in several cases.

Utility and Function of PYR Tokens in Vulcan Forged

Users can stake their PYR tokens to participate in staking programs within the ecosystem. Staked PYR enhances gameplay functionality, provides rewards, and grants users special rights within the Vulcan Forged universe.

PYR tokens are also used to incentivize community engagement. Whether through staking programs, governance participation, or community events, users are rewarded with PYR for their contributions to the Vulcan Forged community.

Tokenomics of PYR

• Current Market Cap: $163 Million
• Circulating Supply: 27 Million PYR
• Percentage of Total Supply: 54.36%
• Total Supply: 50 Million PYR
• Maximum Supply: 50 Million PYR
• Fully Diluted Market Cap: $302 Million

Using PYR in the Vulcan Forged Ecosystem

Here’s how PYR could be used.

How to Use PYR for In-game Advantages

Users can stake PYR tokens into various in-game assets, such as land elevation, harvesting seeds, and reward pools. Staking PYR within the land elevation system allows players to level up their land plots. Users can stake PYR to harvest seeds in exchange for special items from Vulcan’s Vault.

The Vulcan Forged Marketplace: A Hub for PYR Transactions

The Vulcan Forged Marketplace is a centralized hub for buying and selling in-game assets using PYR. Users can trade land plots, Vulcanites, items, and other NFTs, creating a vibrant marketplace within the ecosystem.

Play-to-Earn: A New Paradigm

Vulcan Forged embraces the Play-to-Earn paradigm, allowing users to earn real value through their in-game activities. The more actively users participate, the more PYR they accumulate, creating a sustainable and rewarding gaming experience.

Creating and Selling NFTs

Users can create and sell NFTs within the Vulcan Forged ecosystem using PYR. Whether it’s unique items, artwork, or other virtual assets, the marketplace provides a platform for users to monetize their creations and contribute to the overall virtual economy.

The Intersection of Gaming and DeFi

There are many ways users can participate in decentralized financial activities, and below are two of them.

PYR in Liquidity Pools

Users can contribute their PYR tokens to these pools, enhancing liquidity for various trading pairs on VulcanDEX. By providing liquidity, users can earn rewards through additional PYR tokens. The rewards are often distributed proportionally based on the user’s share of the total liquidity pool, incentivizing users to actively contribute to the platform’s liquidity.

Loaning PYR Tokens

Players who have loaned PYR tokens will earn interest on their loans, providing an additional way to generate passive income within the Vulcan Forged ecosystem. The interest rates can be determined by the decentralized lending protocols based on supply and demand dynamics.

How to Buy PYR Tokens on Binance

Here is a detailed guide regarding buying PYR tokens on Binance.

Create an Account

Creating an account on Binance is straightforward and will take only two minutes. Click on the link below, which will take you to Binance’s registration page using a special Coin-Labs referral code. Once there, you will be asked to enter a legit email and create a password.

And that’s it, just after confirming the terms and conditions, your account will be created, and you will be registered as a user.

Note: Remember to enter an accessible email, as Binance will later send a confirmation link for the verification process.

A Step-by-Step Guide to Buying PYR

Here’s a step-by-step guide as to how you can purchase PYR on Binance:

• Verification
  Although your account has been created, you can only trade once you are a verified user. This is where your KYC(Know Your Customer) process begins. Binance will take your national identity card and passport details and further demand photos. Moreover, Binance will ask for your live photo so that it can recognize that you are the right person.

• Depositing
  You can deposit funds into your Binance account in many ways, including bank transfers, credit/debit cards, or P2P transactions. Depositing funds through cards or bank transfers is quite a straightforward process, as you just have to fill out the form, which is not the case in P2P transactions. P2P is a marketplace where buyers and sellers of USDT are available for every country. You buy USDT (the stable cryptocurrency used to buy other cryptocurrencies) from these sellers by paying them in your local currency.

• Executing Trade
  As you are now verified and funded, it’s time to execute your trade. You must search “PYR” on the search bar, leading you to its buying page. Furthermore, you will have to click on the buy button and enter the desired quantity that you want to buy. Finally, clicking on the trade button will execute your trade until you have not submitted a limit order.

• Storing Your PYR Tokens
  As your trade has been successfully executed, the coin will be stored in your Binance wallet, depending on which market you traded, for example, the spot or futures market.
  
  Binance is quite safe for storing your PYR tokens, but if you want to store them in any of your personal crypto wallets, that’s also possible, so you should not worry.

Is PYR a Good Investment?

The investment decision is quite personal, and it’s also advisable to do your research as every individual has a different risk appetite. But let’s get an overview of how experts look forward to PYR investment.

According to many technical experts and analysts, the price of PYR is predicted to drop 7 percent in the remaining months of 2023. But they also believe that this is the perfect time to buy PYR, and after this, a bullish move could be expected for the next five years.

Conclusion: The Future of Vulcan Forged PYR

Itt’s evident that Vulcan Forged is revolutionizing the gaming industry, and users could generate a large amount of money by only playing games. Thus, we may witness a future where playing games is productive rather than a waste of time.

We Coin-Labs.com provides only objective information about Vulcan Forged.
Therefore, we are not responsible for the investment decision in Vulcan Forged and the resulting loss.

Vulcan Forged Basics

Here are some factors that investors should consider before investing in Vulcan Forged.

Cryptocurrency Features	Vulcan Forged ()
Publisher or Developers
Headquarters (Registration Number)
Symbol
Platform
Published Date (CMC Registration)	2024-10-02
Max Supply	958,691,258,152,859

Reliability Score of Vulcan Forged in 2024

These are indexes mesuring the investment reliability of Vulcan Forged conducted by Coin-Labs.com.

Investment Reliability Rating Items	Scores and Current Status
Company Activation Rate	/ 10.0 CAR
Communication Rate	/ 10.0 CR
Technology Transparency Rate	/ 10.0 TTR
Development Participation Rate	/ 10.0 DPR
Listing Status on the World's Top 10 Exchanges	Listed on 0 Exchanges
Number of Available Pairs Worldwide	1 Pairs
Market Cap of the Cryptocurrency	6,683,329 USD (Rank #1295)

The table above shows the result of investment suitability evaluation for Vulcan Forged.
Check out how we evaluate cryptocurrencies on the crypto rating description page.

Vulcan Forged Price

Here are the price and recent trading volume of Vulcan Forged. (Data of 2024-10-03 00:15:00)

Price Items	Price and Trading Volume of Vulcan Forged
Vulcan Forged Price	0.000 USD
Price Change 24h	-5.48%
Price Change 7d	-4.99%
Trading Volume 24h	11 USD
Trading Volume Change 24h	-82.47%

Cryptocurrency Metadata

You can check the development status and social media information of Vulcan Forged through the links in the table below.

Metadata Source	URL
🌎 Official Website
📖 White Paper
🛰️ Source Code (GitHub)
🐦 Twitter
🤖 Reddit
🎺 Message Board

Where to Buy Vulcan Forged

Here are the top ten world crypto exchanges where traders can buy Vulcan Forged in 2024.

Top10 Exchanges	Listed Status	Page URL
Binance	Not listed
Coinbase	Not listed
Kraken	Not listed
KuCoin	Not listed
Bitfinex	Not listed
OKX	Not listed
Huobi	Not listed
Bitstamp	Not listed
Bybit	Not listed
Gate.io	Not listed

Frequently Asked Questions