What is PYR?
PYR Token is an ERC-20 token to be ported to Matic. It is built as a settlement, staking and gaming utility token within the entire Vulcan Forged ecosystem. It’s an interoperable token used across different game environments. For example, one could buy assets of VulcanVerse from token rewards you’ve earned by winning a game of Berserk, Block Babies or Coddle Pets.
PYR is a deflationary token, where on every PYR transaction, 10% will be sent to reward pools, and 5% used to buy-back and lock supply. The use-cases, staking opportunities and lock-ups are innumerable and will slowly replace VET as the marketplace token of choice.
PYR allows the users of the platform to earn and engage more thoroughly with the platform. It will be used in fee settlement, staking, Defi game launchpads, play-to-earn benefits, gaming platform pools, and discounted marketplace usage.