About Vulcan Forged
Vulcan Forged is a blockchain-based gaming and NFT platform that allows users to buy, sell, and create unique gaming assets and experiences.
About $PYR token
PYR is the native utility token of the Vulcan Forged ecosystem, a blockchain-based gaming and NFT platform, which enables users to participate in governance, earn rewards, and purchase in-game assets.
How to buy $PYR with a payment card
1. Enter the amount of $PYR and fiat currency that you wish to purchase.
2. Verify your phone and email.
3. Enter or create $PYR wallet
You are given the option to enter your $PYR wallet address or create one using the Swipelux widget.
4. Pass KYC flow
This verification process helps protect you from fraud and other malicious activities.
5. You're now ready to buy $PYR with a credit and debit card.
Market Position and Adoption: PYR is the native token of Vulcan Forged, a platform for creating, buying, and selling non-fungible tokens (NFTs) and digital collectibles. The platform offers a range of blockchain-based games, including VulcanVerse, which is a virtual world that combines gaming, art, and storytelling. PYR is used for a variety of purposes within the Vulcan Forged ecosystem, including staking, liquidity provision, and governance. The token has seen some adoption among users of the Vulcan Forged platform, as well as among investors who see potential in the platform's approach to gaming and NFTs.
Technology and Platform: PYR is an ERC-20 token that operates on the Ethereum blockchain. Vulcan Forged is built on a layer 2 scaling solution known as Polygon (formerly Matic Network), which allows for faster and cheaper transactions compared to the Ethereum mainnet. Vulcan Forged also uses its own custom blockchain, called the VulcanVerse Blockchain, which is used for in-game transactions within VulcanVerse. The platform also offers a suite of developer tools and APIs to make it easier for third-party developers to build on top of the Vulcan Forged ecosystem.
Team: Vulcan Forged was founded by Jamie Thomson, who previously co-founded the blockchain-based gaming platform Biscuit Labs. The team also includes experienced developers, designers, and advisors with backgrounds in gaming, blockchain, and finance.
Competition: Vulcan Forged operates in a competitive space, with a number of other blockchain-based gaming platforms and NFT marketplaces vying for attention and market share. Some of the notable competitors include Axie Infinity, Decentraland, and The Sandbox. While the platform has seen some early success, it will need to continue innovating and expanding its offerings to remain competitive in the long term.
Supply: The maximum supply of PYR is 50,000,000 tokens, with 27,182,227 tokens currently in circulation. The token has a relatively low inflation rate, with new tokens released through a combination of liquidity provision rewards and governance incentives. The token has seen some price volatility since its launch, with the price largely driven by market demand and sentiment around the Vulcan Forged platform and broader NFT market trends.
1. Market volatility: As with all cryptocurrencies, PYR token is subject to market fluctuations and volatility, which could result in significant losses for investors.
2. Adoption and usage risk: The success of PYR token relies heavily on the adoption and usage of Vulcan Forged's gaming and entertainment platform. If the platform fails to gain traction or experiences low user adoption, the demand for PYR token may decrease.
3. Regulatory risk: The cryptocurrency market is still largely unregulated, and regulatory changes or crackdowns on cryptocurrencies could negatively impact the value and adoption of PYR token.
4. Competition risk: The blockchain gaming and entertainment space is highly competitive, and Vulcan Forged faces competition from established players as well as new entrants. Increased competition could result in reduced demand for PYR token.
5. Technology risk: The development of blockchain technology and smart contracts is still in its early stages and is subject to technical risks, including coding errors, cyber attacks, and other security vulnerabilities that could result in the loss or theft of PYR tokens.
6. Liquidity risk: PYR token is traded on a limited number of exchanges, which could impact its liquidity and make it difficult for investors to buy or sell large amounts of tokens at market prices. This could result in price slippage and reduced investor confidence.
Potential market development triggers
Expansion of the Vulcan Forged ecosystem: As Vulcan Forged continues to expand its ecosystem with more games, NFTs, and virtual worlds, it could lead to increased demand for PYR token, which is used for in-game transactions and other activities within the ecosystem.
Partnerships with major gaming and entertainment companies: Vulcan Forged could partner with major gaming and entertainment companies to bring their IP into the Vulcan
Forged ecosystem, potentially attracting new users and driving up demand for PYR token. Increased adoption of blockchain technology: As more people become familiar with blockchain technology and its potential applications in gaming and entertainment, there could be increased interest in Vulcan Forged and its ecosystem, leading to increased demand for PYR token.
Regulation and legal recognition of blockchain-based gaming and NFTs: As governments and regulatory bodies begin to recognize blockchain-based gaming and NFTs as legitimate forms of entertainment and investment, it could lead to increased mainstream adoption of Vulcan Forged and its ecosystem, driving up demand for PYR token.
Integration with decentralized finance (DeFi): As Vulcan Forged continues to explore the potential for integrating its ecosystem with DeFi platforms and protocols, it could lead to increased liquidity and utility for PYR token, potentially driving up its value.