What is PYR

I. Project Introduction

Vulcan Forged is a community-based project that promotes the development of world-class blockchain games by supporting developers through its development programs, incubation, and crowdfunding. It is a one-stop shop where blockchain game enthusiasts can access popular games and a huge NFT marketplace to buy & sell digital assets in-game.

It is already an established NFT game studio, marketplace, and dApp incubator with 10+ games, 1,000s of users, and $3m in NFT trading volume making it the top 5 NFT marketplace. The entire ecosystem is powered by its own $PYR settlement, staking, and utility token. The ERC-20 compatible $PYR is a cross-platform currency (currently on Ethereum & Polygon) designed to be interoperable across different game environments under the Vulcan Forged ecosystem.



II. Token Information

1) Token Basic Information

· Token symbol: $PYR

· Total Token Supply: 50,000,000

· Total Circulating Supply: 20,000,000 (November 2021)

· Price of tokens for early investors: US$0.40

· TGE Date: March 2021



2) Token Distribution and Release Schedule

Category Share of Total Supply Release schedule
Staking pool 20% (10,000,000 PYR)
Monthly emission of 208,333.33 $PYR

over 4 years starting from January 1st 2022

Team Allowance 5% (2,500,000 PYR)
Monthly emission of 208,333.33 $PYR

over 10 years starting from 23rd March 2024

ICO/Circulating Supply 40% (20,000,000 PYR) Already circulating
Reserve 35% (17,500,000 PYR) Locked for 4 years.
Total 100% (50,000,000 PYR)
Table 1：Token Distribution and Release Schedule Table



III. Related Links

· Official Website: https://vulcanforged.com/

· Whitepaper: https://vulcanforged.com/assets/pdf/whitepaper.pdf

· Blockchain Explorers:
https://etherscan.io/token/0x9534ad65fb398e27ac8f4251dae1780b989d136e
https://polygonscan.com/token/0x348e62131fce2f4e0d5ead3fe1719bc039b380a9

Social Media:

https://t.me/veriarti
https://discord.com/invite/vulcanverse





Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.