$PYR tokenomics
Last updated
Last updated
The PYR Token is built as a unique gaming utility token on top of the PYR Protocol. This token can be used to buy assets, redeem game assets into PYR tokens, redeem assets for fiat, or can be used as an interoperable token to purchase assets for a different game within the Vulcan Foundation ecosystem. For example, you could hypothetically purchase assets to be used within VulcanVerse by utilizing the tokens you earned in BlockBabies, Berserk, Forge Arena, or any other current or future game in the Vulcan Foundation ecosystem. Some basis stats:
Token amount
% of total supply in circulation
50,000,000
18,977,700
You can trade $PYR tokens at the following exchanges.
Kucoin Gate.io Binance Bittrex
PYR tokens can be used as a lock-up token to stake and earn within the gaming ecosystem. A good example of this is within VulcanVerse, where each plot has 7 levels (each level up brings better tools and benefits). PYR can be used as a lock-up for a user to access that level. Once they have made their payment in PYR to upgrade, they must lock-up an amount of PYR in their land to retain that level. In doing so, they will receive monthly rewards based on their level calculated by other users’ staking.
We are allocating 10m PYR supply into the Staking (Reward) pool, over a period of 48 months.
The earnings that you’ll receive from staking will be proportional to the number of pool tokens you have staked versus the total amount of pool tokens staked. Unless you continue to provide liquidity, your holdings and corresponding token flows will gradually be diluted.
Rewards will be delivered each month, separate from the LAVA pool rewards.
Since PYR users will be eligible to receive reward flows in the form of the fPYR tokens (fractional PYRs), we can estimate an approximate expectation for the value of said flows.
Discounted Cash Flow Analysis (DCA) has been long tested as an evaluation methodology of traditional staking. The purpose of DCF analysis is to estimate rewards one would receive from an investment, adjusted for the time value of the investment. Since 2020, ILOs involving staking have used DCA as the de-facto standard for any token with periodic token flow payments on staking. The formula for calculating the net present value of a future cash flow goes as follows:
3 Investopedia, Discounted Cashflow Analysis – https://www.investopedia.com/terms/d/dcf.asp
For our reward flow estimate, we are taking a very conservative approach, by looking at the existing Vulcan Ecosystem games and assuming that we will be able to reach the projected volume (as highlighted in the token Valuation sheet) within a 5 year period (while the majority of other projects have reached their targets within 2-3 years).
Also note, that only users who stake/lock their PYR tokens in our staking contract will be eligible for receiving token flows generated from the components of the ecosystem. At this point the exact number of users who will be willing to stake their tokens is unknown, but for the purpose of this calculation, we will assume that 50% of all circulating tokens will be locked at any given point in time.
