press release
PRESS RELEASE. Vulcan Forged has launched a new and revolutionary decentralized exchange for gaming tokens following the success of its gaming metaverse, VulcanVerse.
Cardiff, United Kingdom – Blockchain gaming platform, Vulcan Forged, is announcing the launch of the first-ever decentralized exchange (DEX) purpose-built for gaming tokens, VulcanDEX. The DEX will allow users of the gaming platform to trade any gaming token without the need to register. Players will then be able to use their newly acquired tokens in their respective game.
Users will also be able to stake gaming tokens to facilitate exchanges in VulcanDEX, with users earning rewards in proportion to their share of specific liquidity pools. The DEX currently has 4 active pools for this purpose, with several more, including $YGG, $SAND $AXS and $VNLA coming soon. Moreover, in-game assets can be farmed in VulcanDEX in the form of non-fungible tokens (NFTs), creating an active economy that involve several popular blockchain-based gaming ecosystems.
VulcanDEX is also powered by $PYR, the utility token that is the backbone of the VulcanForged gaming ecosystem. Players can stake PYR in the DEX as well as earn their rewards in it and stake it in pools in addition to other gaming tokens.
Pioneering the Decentralized Play-to-Earn Model
With the addition of VulcanDEX to its portfolio of games and products, Vulcan Forged has become a veritable pioneer in the “Play-to-Earn” (P2E) space. P2E is a gaming business model that creates open economies within gaming ecosystems and rewards those who add value to games by contributing to their development. This can be in the form of contributions such as game design and development, and even beta testing new games. The idea is to give access to potential players who would otherwise pay a premium to play popular games.
Vulcan Forged has merged this emerging concept with the principles of decentralized finance (DeFi), allowing participants in…
