Vulcan Forged
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Vulcan Forged (PYR)
What is Vulcan Forged?
Vulcan Forged (PYR) is a cryptocurrency that serves as the native token of the Vulcan Forged blockchain project, which focuses on creating a robust ecosystem for blockchain-based gaming and NFTs. The Vulcan Forged token is used for payments within its platform, facilitating transactions for in-game assets, staking, and governance participation. This innovative platform runs on its own blockchain, providing users with a seamless experience in a decentralized gaming environment.
When and how did Vulcan Forged start?
Vulcan Forged (PYR) was launched in 2020, created by a team of experienced developers and entrepreneurs with a focus on blockchain gaming and NFTs. The platform quickly gained traction, initially listed on major exchanges like KuCoin and Gate.io, which helped to boost its visibility and user base. Key milestones in its early development include the introduction of the VulcanVerse, a virtual world that enables players to create, own, and trade in-game assets, solidifying its position in the rapidly growing play-to-earn sector.
What’s coming up for Vulcan Forged?
Vulcan Forged is poised for significant advancements in its roadmap, with the upcoming launch of its metaverse platform, VulcanVerse, set to enhance user engagement and interactivity. The team is also focused on expanding its NFT marketplace, aiming to introduce new features that facilitate easier trading and creation of digital assets. Community goals include hosting more events and competitions to foster user participation and growth, making the ecosystem more vibrant. As Vulcan Forged continues to evolve, it is expected to solidify its position as a leading player in the blockchain gaming space, offering innovative use cases for both gamers and creators alike.
What makes Vulcan Forged stand out?
Vulcan Forged (PYR) stands out in the cryptocurrency space due to its unique focus on blockchain gaming and NFTs, offering a comprehensive ecosystem that includes a marketplace, game development tools, and a gaming studio. Compared to other cryptocurrencies, its special feature is the integration of a play-to-earn model that empowers gamers to earn real-world value through in-game assets. Additionally, Vulcan Forged utilizes a proof-of-stake consensus mechanism, enhancing scalability and energy efficiency within its gaming-focused environment.
What can you do with Vulcan Forged?
Vulcan Forged (PYR) is primarily used as a utility token within the Vulcan Forged ecosystem, allowing users to engage in payments for in-game assets and services. It also facilitates staking, enabling holders to earn rewards while contributing to the network's security and governance. Additionally, PYR plays a key role in the creation and trading of NFTs, as well as participating in various DeFi apps within the platform.
Is Vulcan Forged still active or relevant?
Vulcan Forged (PYR) is currently active, with ongoing development and regular updates from its team. The project is still traded on various exchanges, demonstrating a healthy trading activity. Additionally, it maintains an engaged community presence, further indicating that it is not an inactive project or abandoned.
Who is Vulcan Forged designed for?
Vulcan Forged (PYR) is primarily built for gamers and developers within the blockchain gaming ecosystem. Its platform is designed to facilitate the creation and trading of NFTs, appealing to a community of game developers and players seeking innovative gaming experiences. Additionally, it targets investors looking to engage with the growing market of decentralized gaming and virtual economies.
How is Vulcan Forged secured?
Vulcan Forged (PYR) secures its network through a hybrid consensus mechanism that combines Proof of Stake (PoS) with unique validator setups, enhancing blockchain protection and network security. Validators are selected based on their stake, incentivizing them to act honestly and maintain the integrity of the system. This approach ensures efficient transaction processing while safeguarding the network against malicious attacks.
Has Vulcan Forged faced any controversy or risks?
Vulcan Forged (PYR) has faced scrutiny due to concerns over extreme volatility in its token price, which poses significant investment risks. Additionally, the platform has experienced security incidents, including a hack in late 2021 that resulted in significant losses for users. These factors contribute to ongoing debates about the project's overall stability and security in the rapidly evolving crypto landscape.
Vulcan Forged (PYR) FAQ – Key Metrics & Market Insights
Where can I buy Vulcan Forged (PYR)?
Vulcan Forged (PYR) is widely available on centralized cryptocurrency exchanges. The most active platform is Lbank, where the PYR/USDT trading pair recorded a 24-hour volume of over $921 105.29. Other exchanges include Coinbase and Toobit.
What’s the current daily trading volume of Vulcan Forged?
As of the last 24 hours, Vulcan Forged's trading volume stands at $13,948,019.17 , showing a 45.79% decline compared to the previous day. This suggests a short-term reduction in trading activity.
What’s Vulcan Forged’s price range history?
All-Time High (ATH): $49.16
All-Time Low (ATL): $0.059736
Vulcan Forged is currently trading ~98.40% below its ATH
and has appreciated +1,242% from its ATL.
What’s Vulcan Forged’s current market capitalization?
Vulcan Forged’s market cap is approximately $18 709 351.00, ranking it #921 globally by market size. This figure is calculated based on its circulating supply of 23 897 700 PYR tokens.
How is Vulcan Forged performing compared to the broader crypto market?
Over the past 7 days, Vulcan Forged has gained 60.40%, outperforming the overall crypto market which posted a 2.85% decline. This indicates strong performance in PYR's price action relative to the broader market momentum.
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Vulcan Forged Basics
| Hardware wallet | Yes |
|---|
| Website | vulcanforged.com |
|---|---|
| Wallet | Coins Mobile App |
| Asset type | Token |
|---|---|
| Contract Address |
| Explorers (2) | etherscan.io polygonscan.com |
|---|
| Tags |
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|---|
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What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).
Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.