I made my first tweet about $PYR a few weeks after joining Twitter when I had only 500 followers, the good old days 🤣
Now, 10 months later, they are better than ever.
Here is why I'm still a fan and I'm accumulating in the bear market 🧵👇
Now, 10 months later, they are better than ever.
Here is why I'm still a fan and I'm accumulating in the bear market 🧵👇
1/ Do They Have Money?
Always the most important question in a bear market and the answer is yes.
@VulcanForged is first and foremost a game developer. They make REAL money by creating games for other companies.
This means they have a consistent source of income.
Always the most important question in a bear market and the answer is yes.
@VulcanForged is first and foremost a game developer. They make REAL money by creating games for other companies.
This means they have a consistent source of income.
@VulcanForged 2/ Do They Have Money? cont
Gaming proved in the 2008 recession to be recession-proof.
VF is a game dev studio that makes money by building games for other companies and of course has its own games too.
A crypto bear market doesn't impact their main source of income.
Gaming proved in the 2008 recession to be recession-proof.
VF is a game dev studio that makes money by building games for other companies and of course has its own games too.
A crypto bear market doesn't impact their main source of income.
@VulcanForged 3/ The Team
Vulcan Forged has 112 team members around the world.
CEO Jamie has been in the game development industry for over 10 years.
The dev team has extensive experience in game development and in the crypto/nft space.
Vulcan Forged has 112 team members around the world.
CEO Jamie has been in the game development industry for over 10 years.
The dev team has extensive experience in game development and in the crypto/nft space.
@VulcanForged 4/ Are They Growing?
The team has more than tripled in the last two years and they are expanding aggressively.
The team has more than tripled in the last two years and they are expanding aggressively.
@VulcanForged 5/ Partnerships
They've partnered with several Fortune 500 companies.
Major fashion label @dkny was announced a few weeks ago at Vulcon. There are other big partnership announcements coming. I am assuming it's more huge fashion labels.
They've partnered with several Fortune 500 companies.
Major fashion label @dkny was announced a few weeks ago at Vulcon. There are other big partnership announcements coming. I am assuming it's more huge fashion labels.
@VulcanForged @dkny 6/ Tokenomics
$PYR never had VCs and all early investors got their tokens long ago, so there's nobody to dump.
It's the main token of the Elysium blockchain, so it's used to process transactions for all projects on the chain and it's deflationary.
$PYR never had VCs and all early investors got their tokens long ago, so there's nobody to dump.
It's the main token of the Elysium blockchain, so it's used to process transactions for all projects on the chain and it's deflationary.
@VulcanForged @dkny 7/ Tokenomics cont
Total supply 23 mill, FDV 50 mill. The way staking rewards are paid out the FDV won't be hit for a decade so inflation is not a big concern.
PYR is also used for buying land staking, playing games, liquidity pools buying NFTs, NFT farming and more.
Total supply 23 mill, FDV 50 mill. The way staking rewards are paid out the FDV won't be hit for a decade so inflation is not a big concern.
PYR is also used for buying land staking, playing games, liquidity pools buying NFTs, NFT farming and more.
@VulcanForged @dkny 8/ Tokenomics cont
PYR has been designed from the ground up to incentivise locking through staking rewards, airdrops, increasing APY the longer you stake and more.
PYR has been designed from the ground up to incentivise locking through staking rewards, airdrops, increasing APY the longer you stake and more.
@VulcanForged @dkny 9/ Are they building?
The most important factor in surviving a bear market is continued building. It proves a project has money and a vision.
And VF are building 👀
Let's take a look at what's coming up.
The most important factor in surviving a bear market is continued building. It proves a project has money and a vision.
And VF are building 👀
Let's take a look at what's coming up.
@VulcanForged @dkny 10/ Elysium Blockchain (EB)
A blockchain highly optimised for gaming and the first-ever carbon neutral blockchain.
You don't care about trees? Big companies do though, it's great PR. That's why the Elysium Blockchain is attracting huge names, like DKNY.
A blockchain highly optimised for gaming and the first-ever carbon neutral blockchain.
You don't care about trees? Big companies do though, it's great PR. That's why the Elysium Blockchain is attracting huge names, like DKNY.
@VulcanForged @dkny 10/ EB cont
The EB is attracting countless #playtoearn and #metaverse games.
Because they want to build on a blockchain that is tailor-made for gaming.
They want the support a game dev studio like VF can provide.
EB plans to be THE blockchain for gaming.
The EB is attracting countless #playtoearn and #metaverse games.
Because they want to build on a blockchain that is tailor-made for gaming.
They want the support a game dev studio like VF can provide.
EB plans to be THE blockchain for gaming.
@VulcanForged @dkny 11/ EB cont
As with any blockchain, EB will need a dex, stablecoins, launchpads, liquidity farming and everything else that you get on a blockchain.
And that is what VF is building right now. Elysium Swap will have all of the above and more.
As with any blockchain, EB will need a dex, stablecoins, launchpads, liquidity farming and everything else that you get on a blockchain.
And that is what VF is building right now. Elysium Swap will have all of the above and more.
@VulcanForged @dkny 12/ $GSP Stable Coin (Not algorithmic 🤣)
GSP is backed by gold (80%), silver (15%) and platinum (5%) and it's redeemable for these metals in real life 👀
This means you can play Vulcan Verse, mine gold in the game and exchange it for REAL gold which will be delivered to you 🤯
GSP is backed by gold (80%), silver (15%) and platinum (5%) and it's redeemable for these metals in real life 👀
This means you can play Vulcan Verse, mine gold in the game and exchange it for REAL gold which will be delivered to you 🤯
@VulcanForged @dkny 13/ GSP cont
Think about what this means. You can find gold in a #P2E game and exchange it for real-life gold!
Talk about incentivising people to play games on Elysium.
Also, GSP shares a name with Georges St-Pierre, one of the greatest UFC fighters of all time.
Think about what this means. You can find gold in a #P2E game and exchange it for real-life gold!
Talk about incentivising people to play games on Elysium.
Also, GSP shares a name with Georges St-Pierre, one of the greatest UFC fighters of all time.
@VulcanForged @dkny 14/ Metascapes
This is a VR game where you can build your own little #Metaverse.
Think Minecraft but you can build anything you want.
The problem with most metaverse games is they require you to be in crypto to play.
With MSP you earn and spend fiat.
This is a VR game where you can build your own little #Metaverse.
Think Minecraft but you can build anything you want.
The problem with most metaverse games is they require you to be in crypto to play.
With MSP you earn and spend fiat.
@VulcanForged @dkny 15/ Metascapes cont
Think about what this means for game adoption. You don't need to know anything about crypto to play.
Through a partnership with #Binance, $PYR is converted to fiat in the back end. The end-user only ever sees fiat but PYR is being used to fuel the game.
Think about what this means for game adoption. You don't need to know anything about crypto to play.
Through a partnership with #Binance, $PYR is converted to fiat in the back end. The end-user only ever sees fiat but PYR is being used to fuel the game.
@VulcanForged @dkny 16/ Metascapes cont
Honestly, Metascapes requires its own thread so for now, just check out the video which sums it up well.
youtube.com
Honestly, Metascapes requires its own thread so for now, just check out the video which sums it up well.
youtube.com
@VulcanForged @dkny 17/ Ecosystem
The Elysium ecosystem has over 14 play-to-earn projects on it already. Including big-name projects like @The_HUSL and @my_edverse.
Every one of these projects will use $LAVA (in-game token) and in turn $PYR for fees 👀
The Elysium ecosystem has over 14 play-to-earn projects on it already. Including big-name projects like @The_HUSL and @my_edverse.
Every one of these projects will use $LAVA (in-game token) and in turn $PYR for fees 👀
@VulcanForged @dkny @The_HUSL @my_edverse 18/ PYR's Future
With Elysium, the use cases and demand for PYR have increased dramatically.
Add to that @VulcanVerse has more active users than Sandbox and Decentraland combined and has kept users active in the bear market.
This is why I am accumulating in the bear market!
With Elysium, the use cases and demand for PYR have increased dramatically.
Add to that @VulcanVerse has more active users than Sandbox and Decentraland combined and has kept users active in the bear market.
This is why I am accumulating in the bear market!
19/ Quick correction. Thanks to @ChrisRomanoC for catching my error.
23 mill circulating, 50 mill total supply and 150 mill FDV currently.
The remaining 27 mill tokens are being released very slowly as token emissions are low so it will be years before total supply is out
23 mill circulating, 50 mill total supply and 150 mill FDV currently.
The remaining 27 mill tokens are being released very slowly as token emissions are low so it will be years before total supply is out
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