This website is not to be used as investment advice. Only invest what you can afford to lose. There are currently no legal terms & conditions on the Official Vulcan Forged Marketplace regarding FIRE ownership and upon swap from PYR to FIRE expect to lose ownership/control of that token. VulcanVerse is a totally CENTRALISED platform. Please use at your own risk.
The native digital crypto token powering the VulcanVerse economy is PYR. Vulcan Forged carefully crafted this ERC20 token together with their blockchain partner Polygon. PYR allows the users of the VulcanVerse game to earn from their positive efforts, and thoroughly increase user engagement within this dynamic ecosystem.
One of the most lucrative Play to Earn possibilities is through staking PYR into various in-game assets. This process essentially soft-locks the tokens in order to enhance gameplay functionality & special privileges. The 3 most common ways to stake PYR are;
- Levelling up Land (where each plot has 7 Levels)
- PYR staking programs to provide liquidity (when available)
- Harvesting Seeds in return for Special Items from Vulcan’s Vault.
As a reward for these positive actions, users are entitled to receive PYR tokens from the Staking (Reward) pool.
How do I upgrade my Land?
There are two stages to Levelling Up land through staking:
- First, the land needs to be SOWN. This is only required once. Land can be sown and sold to enable a buyer to skip the fee before they level it. Once land has been sown, it will never lose it unless it has been downgraded.
- Secondly, there is a 20-day period before it is open to be levelled up. To upgrade the land you must stake the required PYR inside. If PYR is removed then the plot will drop level instantly and MUST be SOWN again.
The following table shows the required PYR + LAVA required for staking.
How do I calculate my share of the LAVA (Play to Earn) Pool?
Vulcan is allocating 10% of the entire PYR supply into the PYR (Play-to-earn) rewards pool, over a period of 24 months.
Currently 10% of PYR supply (5,000,000 tokens) will be unlocked over a 24 Month period.
The earnings that you’ll receive from staking will be proportional to the amount of spending/contribution of each user relative to the others. Unless a user continues to participate, its corresponding token rewards will gradually be diluted.