Vulcan Forged LAVA Token Finally Enters Price Discovery Stage

• LAVA is traded on QuickSwap with two liquidity pairs.
• LAVA to be used as gas token on the Elysium network.
• PYR to gain importance in staking, metaverse building.

LAVA, the in-game token from Vulcan Forged, has finally received pricing information through Coinmarketcap. LAVA is key to all the games within the ecosystem and can be used both for upgrades and for direct trading. LAVA will also be used to pay for gas fees once the Elysium network starts running.

Our secondary token $LAVA is now on CMC.

It’s earned, will fuel the Elysium blockchain and can be generated by simply holding $PYR.https://t.co/1H5wr44ZTN

Oh, and it only has a fraction of a fraction of its use cases

Remember $PYR is the chicken that lays the $LAVA egg. pic.twitter.com/zyjEMFYQS7

— Vulcan Forged (@VulcanForged) August 15, 2022

The token can be swapped on one of the first virtual banks in the VulcanVerse. LAVA is also awarded through Vulcan Runner and Forge Arena, two of the more active games of the ecosystem. LAVA is also the reward for staking the PYR token, both in current programs and in the upcoming node operation schedule. 

Using LAVA within the game’s metaverse will require the purchase of a Ledger, a special NFT that will give advantage in staking the token. 

https://twitter.com/vulcandex/status/1557765376070811650

The role of LAVA aims to discourage direct selling, instead returning the token back into the Vulcanverse economy.

Vulcan Forged Still Depends on Polygon

After the news, PYR remains with a small change, stabilizing around $4.28. PYR is essential to the price discovery process of LAVA, as it supports liquidity in one of the new trading pairs. LAVA fully relies on the QuickSwap decentralized exchange, and has one more pair against wrapped MATIC. The token still runs on the Polygon network.

Based on Polygon blockchain data, LAVA is present in 3,563 addresses, though some of the tokens may be spread to more in-game accounts. The current reported supply of LAVA is above 21M tokens, with more distribution to come. 

Vulcan Forged is among the most active builders, soon to offer metaverse-as-a-service builder and editor. PYR will also be used and demand is expected to increase, by selling the token through debit card payments. The Vulcanverse will tokenize all aspects, including the detailed data of metaverse builds. 

There is still no date for Elysium’s mainnet launch, but Vulcan Forged is preparing with seven tiers of staking, based on node capacity and requirements. For now, the tokenization side of the Vulcanverse still depends on the Polygon network.