Vulcan Forged is preparing for a migration and reset of its LAVA token economy with an upcoming snapshot and airdrop. It all starts on March 1.. You’ll want to make sure you have your tokens in the right places before that!
To support its new blockchain and to have a chance to revamp its in-game economy, VulcanForged will soon migrate its LAVA token to Elysium. A snapshot of the portfolio will be taken on March 1. This will count all LAVA tokens on the Polygon network that are in wallets or part of Cold LAVA storage.
However, make sure to remove all PYR-LAVA liquidity from VulcanDEX on Polygon before the snapshot. LAVA still in the dex pool will NOT count as part of the snapshot.
Then there are special instructions for those using Vulcan Forged’s My Forge feature.
- Users with a balance of $LAVA in the Venly Polygon wallet will also be photographed as part of the Polygon snapshot. Users will be sent Elysium $LAVA to this same address (to include Christmas Snapshot bonuses, if applicable). This means that users will need to export their Venly Polygon keystore and import it into MetaMask. They can then access Elysium LAVA by adding the same Metamask settings above.
- Another option is to send it to the user’s LAVA cold balance in My Forge before the snapshot date. LAVA cold balances will also be taken in snapshots. When the airdrop for Elysium LAVA occurred, the saved cold LAVA balance would have all Christmas snapshot bonuses applied, if any.
Note: The bonus credited to Cold LAVA also includes the LAVA bank.
After the snapshot, on March 3, everyone will receive a 1:1 airdrop of the new Elysium version of the tokens. Those who received an Elysium Forge in December 2022 (based on the number of PYR tokens wagered), get a bonus during this airdrop. This ranges from 1% for Cyclops Forge, up to 6% for those given Kraken Forge level 6.
And as part of an economic reset, these new LAVA tokens are capped at 1 billion in total and, in fact, all of them have already been minted on Elysium. The previous LAVA token had an unlimited limit, which can make long-term economic planning difficult.
What is Elisha?
Elysium is the blockchain built by Vulcan Forged, and it will house everything Vulcan Forged. And with several games in different stages of development, its own marketplace and its own DEX, Vulcan Forged has already gotten off to a good start in building the Elysium ecosystem.
Those who need to configure Metamask to access the Elysium network can use the following settings:
Main red of Elysium
RPC: https://elysium-rpc.vulcanforged.com/
Channel ID: 1339
Currency: LAVA
What is Forged Vulcano?
Vulcan Forged is a Web3 development company that started with an MMO-style game called VulcanVerse. Since then they have expanded, creating their own network, Elysium, adding dapps like Agora Marketplace and Vulcan Dex, and creating a series of games to win games. Their suite of games includes VulcanVerse, a fantasy MMO, Berserk, a TCG-style game, Vulcan Runner, Vulcan’s Tower Defense, Vulcan’s Forge Arena, Vulcan’s Battle Chess, Vulcan’s Poker, and Block Babies.
The Vulcan metaverse uses two tokens, PYR and LAVA. LAVA is the game, play to earn money. PYR is the governance token, which is used for staking and other types of activities.
For more information on Vulcan Forged, visit their website, follow them on Bloodand join their Discord server.
Phil Hall has been a gaming enthusiast since birth and a cryptocurrency enthusiast since 2017. He loves new discoveries and shares them with others through blogging and photography. You can follow him on Twitter or read his other posts on Medium.