What Is Vulcan Forged (PYR)?
PYR is the native token of Vulcan Forged, which is an all-in-one non-fungible token (NFT) platform. It provides users with Play2Earn NFT-based games, an NFT marketplace, a DEX for gaming tokens, and an NFT dApp incubator. Take a look at the Vulcan Forged price chart placed above if you want to see the current (or previous) PYR price.
Vulcan Forged offers such games as Berserk, Forge Arena, Block Babies, and so on. However, the most popular one is VulcanVerse, which is an open-world massive multiplayer online role-playing game (MMORPG).
Moreover, talking about the Vulcan DEX, it’s developed solely for gaming tokens. Besides, it provides users with an NFT farming experience that offers decent APY rewards.
Lastly, the NFT dApp incubator allows developers to store their own NFT-based dApps on the Vulcan Forged marketplace.
The Purpose of PYR Tokens
PYR is a utility token that powers the entire Vulcan Forged ecosystem. Overall, Vulcan Forged crypto assets have more than one use case. The following are the main ones:
- PYR tokens can be staked in the VulcanVerse.
- PYR tokens can be staked, farmed, bought, or sold on the VulcanDEX.
- PYR tokens are used to reward Vulcan Forged game players.
- PYR tokens can be used to make in-game purchases.
- PYR tokens are needed to gain access to the NFT dApp incubator.
Besides, note that apart from PYR, the Vulcan Forged platform also has another token called LAVA. It’s mainly used as an in-game currency and can be earned by staking PYR tokens and playing Vulcan Forged games.
Tokenomics of PYR Tokens
PYR tokens are deflationary, which means that they have a limited supply. The max supply of PYR is 50 million tokens.
If you’re planning to buy Vulcan Forged crypto assets, note that the PYR price is prone to change. This mostly happens due to the fact that the volatility of the whole crypto market has an impact on the PYR price, just like it does on the prices of other crypto assets.