Elysium: Difference between revisions
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Elysium is a high performance blockchain built on the Substrate framework and the underlying engine, it is also EVM Compatible and can work with Solidity Smart Contracts. It is built for NFT and gaming projects in need of a rock-solid blockchain solution. Elysium is carbon-neutral using blockchain solutions that will guarantee true carbon neutrality, through our partnership with Coorest. | Elysium is a high performance blockchain built on the Substrate framework and the underlying engine, it is also EVM Compatible and can work with Solidity Smart Contracts. It is built for NFT and gaming projects in need of a rock-solid blockchain solution. Elysium is carbon-neutral using blockchain solutions that will guarantee true carbon neutrality, through our partnership with Coorest. | ||
==Elysium | ==Elysium Token Protocols== | ||
There are four token protocols used by Elysium. They are the ELS-M1, ELS-20, ELS-721 and ELS-1155. | |||
=== | ===ELS-M1=== | ||
The ELS-M1 allows interoperability of [[NFT|NFTs]] between metaverses as well as storing / loading entire [[MetaScapes]] plot data. | |||
The Cronus | ===ELS-20=== | ||
These are fungible, interchangable tokens that represent a single entity. | |||
===ELS-721=== | |||
Our standard Elysium non-fungible tokens (NFTs). | |||
===ELS-1155=== | |||
An NFT with dynamic metadata used in gaming, allowing for data to be changed or upgraded through, for example, progress in a game. | |||
==Elysium Forge Program Types== | |||
===Cronus Forges=== | |||
Elysium will be guarded and validated by a network of 51 authority Forges using proof of authority (PoA). A blockchain validator is a network Forge that assists in processing and validating transaction blocks on the platform so that they can be added to the permanent ledger of the blockchain. The Cronus Forge owners will be known entities. | |||
The Cronus Forge is a physical Forge. You will need to rent a server and deploy software to be able to operate this Forge. Elysium will supply software images for the server to be set up correctly. Some technical knowledge will be required, although an external consultant could be used to cover this. Not everyone will be allowed to own a Cronus Forge. Only validated entities can run one. Is it expected that these entities will actively contribute to the future of Elysium. All Cronus Forges will receive part of the sowing costs, LAVA gas fees on Elysium, and the royalty fees. Cronus Forges can participate in the God Pool and NFT Pool. | |||
====Requirements==== | ====Requirements==== | ||
| Line 15: | Line 30: | ||
* Full KYC complete | * Full KYC complete | ||
* Validated and approved by the Vulcan Forged/ Elysium compliance team | * Validated and approved by the Vulcan Forged/ Elysium compliance team | ||
* | * Forge hardware needs to be hosted using a 100% carbon neutral solution | ||
* The geographical location of the | * The geographical location of the Forge/ server will be an essential factor. The Elysium team will provide a list of approved and available providers to rent a server | ||
* The owner must stake at least 50,000 $PYR in the | * The owner must stake at least 50,000 $PYR in the Forge’s address | ||
* If the owner moves or spends $PYR, causing the total amount to drop below the threshold of 50,000 $PYR, the owner will be disqualified and replaced by another candidate on the waiting list | * If the owner moves or spends $PYR, causing the total amount to drop below the threshold of 50,000 $PYR, the owner will be disqualified and replaced by another candidate on the waiting list | ||
* Downtime will result in fewer rewards. The | * Downtime will result in fewer rewards. The Forges will be monitored closely. | ||
We will consider applicants from these groups: | We will consider applicants from these groups: | ||
| Line 29: | Line 44: | ||
* VCs with long term commitment adding value for Elysium | * VCs with long term commitment adding value for Elysium | ||
Cronus | Cronus Forge holders will receive 169% base generation amount. | ||
===Demeter | ===Demeter Forges=== | ||
VulcanVerse land has always been valuable. With the introduction of the Elysium | VulcanVerse land has always been valuable. With the introduction of the Elysium Forge program, all owners will receive LAVA for owning land plots at level 4 and above. The staking rewards received through Demeter Forges are completely separate and are therefore in addition to any PYR rewarded through the land staking program.. Pay outs will be dependent on land plot level and can be determined as follows: | ||
{| class="wikitable" | {| class="wikitable" | ||
|+ | |+ | ||
| Line 39: | Line 54: | ||
!Allocation | !Allocation | ||
|- | |- | ||
|Level 4 | |<center>Level 4 | ||
|10% of the Demeter fee pool allocated to all plots | |<center>10% of the Demeter fee pool allocated to all plots | ||
|- | |- | ||
|Level 5 | |<center>Level 5 | ||
|18% of the Demeter fee pool allocated to all plots | |<center>18% of the Demeter fee pool allocated to all plots | ||
|- | |- | ||
|Level 6 | |<center>Level 6 | ||
|28% of the Demeter fee pool allocated to all plots | |<center>28% of the Demeter fee pool allocated to all plots | ||
|- | |- | ||
|Level 7 | |<center>Level 7 | ||
|44% of the Demeter fee pool allocated to all plots | |<center>44% of the Demeter fee pool allocated to all plots | ||
|} | |} | ||
* | * | ||
| Line 55: | Line 70: | ||
====Requirements==== | ====Requirements==== | ||
As soon as a land plot changes ownership, a 1 month cooling down period will be activated. The plot will not receive any LAVA from the Demeter Pool during this cooling down period. The rewards will be distributed between the other eligible | As soon as a land plot changes ownership, a 1 month cooling down period will be activated. The plot will not receive any LAVA from the Demeter Pool during this cooling down period. The rewards will be distributed between the other eligible Forges. in addition, the owner needs to earn at least 200 XP daily to become eligible for the Demeter pool rewards. XP generated by Cedalions is eligible to cover this. | ||
===Typhon | ===Typhon Forges=== | ||
There are six Typhon tiers. A Tier 1 | There are six Typhon tiers. A Tier 1 Forge starts at 2,000 PYR to be locked, all the way up to Tier 6 Forge which requires 64000 PYR to be locked. Typhon Forges can be locked for a certain period to increase the rewards. It will be possible to lock your Forge using a soft-lock mechanism based on snapshots. The additional time-locked staking rewards will be released as soon as the locking period ends. During the staking period, you will receive the normal base generation amount. The cost of the Typhon Forges are as follows: | ||
{| class="wikitable" | {| class="wikitable" | ||
|+ | |+ | ||
!Typhon | !Typhon Forge Tier | ||
!Lock Fee | !Lock Fee | ||
|- | |- | ||
|Cyclops Tier 1 | |<center>Cyclops Tier 1 | ||
|2000 PYR | |<center>2000 PYR | ||
|- | |- | ||
|Sphinx Tier 2 | |<center>Sphinx Tier 2 | ||
|4000 PYR | |<center>4000 PYR | ||
|- | |- | ||
|Cerberus Tier 3 | |<center>Cerberus Tier 3 | ||
|8000 PYR | |<center>8000 PYR | ||
|- | |- | ||
|Gorgon Tier 4 | |<center>Gorgon Tier 4 | ||
|16000 PYR | |<center>16000 PYR | ||
|- | |- | ||
|Hydra Tier 5 | |<center>Hydra Tier 5 | ||
|32000 PYR | |<center>32000 PYR | ||
|- | |- | ||
|Kraken Tier 6 | |<center>Kraken Tier 6 | ||
|64000 PYR | |<center>64000 PYR | ||
|} | |} | ||
* | * | ||
All Typhon | ====Requirements==== | ||
All Typhon Forges will receive staking rewards pooled from sowing costs, LAVA gas fees on Elysium, and the marketplace royalty fees. The staking and Base generation amounts for each Tier and staking period is as follows: | |||
{| class="wikitable" | {| class="wikitable" | ||
|+ | |+ | ||
| Line 91: | Line 108: | ||
!Base Generation Amount | !Base Generation Amount | ||
|- | |- | ||
|Tier 1 | |<center>Tier 1 | ||
|100% | |<center>100% | ||
|- | |- | ||
|Tier 2 | |<center>Tier 2 | ||
|103% | |<center>103% | ||
|- | |- | ||
|Tier 3 | |<center>Tier 3 | ||
|106% | |<center>106% | ||
|- | |- | ||
|Tier 4 | |<center>Tier 4 | ||
|109% | |<center>109% | ||
|- | |- | ||
|Tier 5 | |<center>Tier 5 | ||
|113% | |<center>113% | ||
|- | |- | ||
|Tier 6 | |<center>Tier 6 | ||
|116% | |<center>116% | ||
|} | |} | ||
* | * | ||
| Line 116: | Line 133: | ||
!Base Generation Amount | !Base Generation Amount | ||
|- | |- | ||
|Tier 1 | |<center>Tier 1 | ||
|110% | |<center>110% | ||
|- | |- | ||
|Tier 2 | |<center>Tier 2 | ||
|115% | |<center>115% | ||
|- | |- | ||
|Tier 3 | |<center>Tier 3 | ||
|121% | |<center>121% | ||
|- | |- | ||
|Tier 4 | |<center>Tier 4 | ||
|127% | |<center>127% | ||
|- | |- | ||
|Tier 5 | |<center>Tier 5 | ||
|133% | |<center>133% | ||
|- | |- | ||
|Tier 6 | |<center>Tier 6 | ||
|139% | |<center>139% | ||
|} | |} | ||
* | * | ||
| Line 141: | Line 158: | ||
!Base Generation Amount | !Base Generation Amount | ||
|- | |- | ||
|Tier 1 | |<center>Tier 1 | ||
|121% | |<center>121% | ||
|- | |- | ||
|Tier 2 | |<center>Tier 2 | ||
|129% | |<center>129% | ||
|- | |- | ||
|Tier 3 | |<center>Tier 3 | ||
|138% | |<center>138% | ||
|- | |- | ||
|Tier 4 | |<center>Tier 4 | ||
|147% | |<center>147% | ||
|- | |- | ||
|Tier 5 | |<center>Tier 5 | ||
|157% | |<center>157% | ||
|- | |- | ||
|Tier 6 | |<center>Tier 6 | ||
|169% | |<center>169% | ||
|} | |} | ||
* | * | ||
| Line 166: | Line 183: | ||
Owning a God NFT will enable you to boost your staking rewards you would ordinarily have received as a base generation amount, increasing your income potential as follows: | Owning a God NFT will enable you to boost your staking rewards you would ordinarily have received as a base generation amount, increasing your income potential as follows: | ||
*Zeus or Cronus NFT holders will receive a +15% staking reward increase on your base your generation amount | *Zeus or Cronus NFT holders will receive a +15% staking reward increase on your base your generation amount | ||
*All other God NFT holders will receive a +5% staking reward increase on your generation amount. | *All other God NFT holders will receive a +5% staking reward increase on your generation amount. | ||
| Line 174: | Line 191: | ||
Each Vulcanite will provide a minimum 1% extra staking reward to your base generation amount, with additional bonuses for higher-level Vulcanites as follows: | Each Vulcanite will provide a minimum 1% extra staking reward to your base generation amount, with additional bonuses for higher-level Vulcanites as follows: | ||
{| class="wikitable" | {| class="wikitable" | ||
|+ | |+ | ||
!Vulcanite Level | !Vulcanite Level | ||
! Staking Reward Increase | !<center>Staking Reward Increase <br> | ||
Base generation Amount | |||
|- | |- | ||
|Level 1 | |<center>Level 1 | ||
|1% | |<center>1% | ||
|- | |- | ||
|Level 2 | |<center>Level 2 | ||
| 1.25% | |<center>1.25% | ||
|- | |- | ||
|Level 3 | |<center>Level 3 | ||
|1.5% | |<center>1.5% | ||
|- | |- | ||
|Level 4 | |<center>Level 4 | ||
| 1.75% | |<center>1.75% | ||
|- | |- | ||
|Level 5 | |<center>Level 5 | ||
| 2% | |<center>2% | ||
|- | |- | ||
|Level 6 | |<center>Level 6 | ||
|2.25% | |<center>2.25% | ||
|} | |} | ||
* | * | ||
| Line 202: | Line 220: | ||
*OG Badge Holders will receive a 2.5% staking reward increase for the total reward. | *OG Badge Holders will receive a 2.5% staking reward increase for the total reward. | ||
==PYR Delegation to Cronus Forges== | |||
The smallest Forge available within Elysium is the Cyclops Forge, which as noted above costs 2000 PYR. For those that cannot meet this minimum requirement, you will be able to assign your PYR to a Cronus Forge. The Cronus Forge is eligible for rewards based on all the delegated PYR assigned to their Forge, and will share the rewards. All delegated PYR will be rewarded with an 80% base generation amount, with 75% of this base generation amount being automatically paid to all delegators. The Cronus Forge owner will retain the other 5%. | |||
Vulcan Forged is in the process of creating a Cronus Forge dashboard to allow you to view the rewards that each Cronus Forge will offer to you and will be available within MyForge. The Cronus Forge owner will also be able to organise events, airdrops, or quests to get more PYR delegators to choose their Forge. For example, some larger projects owning a Forge could perform free NFT airdrops. | |||
==Elysium Protocols== | ==Elysium Protocols== | ||
| Line 209: | Line 233: | ||
The Elysium G.I.F.T protocol adds generalised native fee delegation to the Elysium blockchain. This innovative feature allows anyone to use a decentralised application regardless of their knowledge of blockchain technology by removing the toughest barriers for adoption. This basically means the gas fee can be sponsored by anyone for anyone. | The Elysium G.I.F.T protocol adds generalised native fee delegation to the Elysium blockchain. This innovative feature allows anyone to use a decentralised application regardless of their knowledge of blockchain technology by removing the toughest barriers for adoption. This basically means the gas fee can be sponsored by anyone for anyone. | ||
===Magma === | ===Magma=== | ||
The Elysium Magma protocol is mainly used to convert any tokens used on the Elysium marketplace to convert to PYR and/ or Lava. Buying an NFT with any token will output the fees involved in PYR and LAVA using Elysium swap. | The Elysium Magma protocol is mainly used to convert any tokens used on the Elysium marketplace to convert to PYR and/ or Lava. Buying an NFT with any token will output the fees involved in PYR and LAVA using Elysium swap. | ||
| Line 217: | Line 241: | ||
The Elysium Surge Protocol will allow users to convert any token stored inside the their wallet as the gas fee. The user can simply choose one of the tokens available and this token will be converted to LAVA in the back-end. This means any token the user owns can be used as the gas fee on Elysium. | The Elysium Surge Protocol will allow users to convert any token stored inside the their wallet as the gas fee. The user can simply choose one of the tokens available and this token will be converted to LAVA in the back-end. This means any token the user owns can be used as the gas fee on Elysium. | ||
== | ==LAVA Pools== | ||
Vulcan Forged will use pools for LAVA collection and distribution. The pools will continuously collect the LAVA transaction, Marketplace and Sowing fees and distribute to the | Vulcan Forged will use pools for LAVA collection and distribution. The pools will continuously collect the LAVA transaction, Marketplace and Sowing fees and distribute to the Forge holders on a weekly basis. LAVA transaction fees will be distributed to Forge holders as follows: | ||
{| class="wikitable" | {| class="wikitable" | ||
|+ | |+ | ||
! | !LAVA Transaction Pool (%) | ||
!Allocation | !Allocation | ||
|- | |- | ||
|50% | |<center>50% | ||
|Divided between Cronus and Typhon | |<center>Divided between Cronus and Typhon Forges | ||
|- | |- | ||
|10% | |<center>10% | ||
|Divided between the Demeter | |<center>Divided between the Demeter Forges | ||
|- | |- | ||
|10% | |<center>10% | ||
|Used to fill up the Vulcan Forged gaming pools (for non-Frenzy pass holders) | |<center>Used to fill up the Vulcan Forged gaming pools (for non-Frenzy pass holders) | ||
|- | |- | ||
|10% | |<center>10% | ||
|Donated to the Elysium ecological & environmental pool | |<center>Donated to the Elysium ecological & environmental pool | ||
|- | |- | ||
|20% | |<center>20% | ||
|Will be burned | |<center>Will be burned | ||
|} | |} | ||
* | * | ||
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!Allocation | !Allocation | ||
|- | |- | ||
|40% | |<center>40% | ||
|Divided between all | |<center>Divided between all Forges | ||
|- | |- | ||
|50% | |<center>50% | ||
|Distributed to the foundation treasury | |<center>Distributed to the foundation treasury | ||
|- | |- | ||
|10% | |<center>10% | ||
|Donated to the Elysium ecological & environmental pool | |<center>Donated to the Elysium ecological & environmental pool | ||
|} | |} | ||
* | * | ||
| Line 265: | Line 289: | ||
!Allocation | !Allocation | ||
|- | |- | ||
|20% | |<center>20% | ||
|Will be burned | |<center>Will be burned | ||
|- | |- | ||
|80% | |<center>80% | ||
|Divided between Cronus and Typhon | |<center>Divided between Cronus and Typhon Forges | ||
|} | |} | ||
* | * | ||
== | ==Forge NFTs== | ||
Cronus and Typhon | Cronus and Typhon Forge NFTs will also provide an additional boost to your Forge rewards by 10%, as long as you own the exact Forge as the Forge NFT. In addition to this, a legendary Forge NFT will be randomly dropped to existing Forges, and within treasure chests inside VulcanVerse, providing an additional increased bonus reward. | ||
All | All Forge NFTs are tradeable on the Vulcan Forged marketplace, but will be subject to a 12% trading fee. 50% of this fee (6%) will flow directly into Forge LAVA pools, with the other 6% being distributed as per any other marketplace sale. | ||
===Eco friendly | ===Eco friendly Forge Holders=== | ||
You can opt-in to be an eco-friendly | You can opt-in to be an eco-friendly Forge holder and donate some of your rewards to the Elysium eco pool. The donation is based on a percentage of your total rewards. using these donations, we will buy real-life trees and create a healthier world. If you decide to donate your tokens, you will receive the following benefits which will differ depending on tier: | ||
*a special status for your account | *a special status for your account | ||
| Line 287: | Line 311: | ||
*your Myforge account will receive an exceptional achievement | *your Myforge account will receive an exceptional achievement | ||
*you will be an eco VIP guest at Vulcan Forged and Elysium events. This will depend on your total donation period and donation total | *you will be an eco VIP guest at Vulcan Forged and Elysium events. This will depend on your total donation period and donation total | ||
*significantly higher potential to receive the legendary | *significantly higher potential to receive the legendary Forge bonus NFT. Note, the Forge tier will also play a significant role here as higher tiers donate more LAVA to the eco pool compared to lower tiers | ||
*higher NFT drop rate potential. The | *higher NFT drop rate potential. The Forge tier will also play a significant role here as higher tiers donate more LAVA to the eco pool compared to lower tiers. | ||
A minimum threshold applies if you want to become eligible for the rewards mentioned above. The amount you want to donate can be adjusted in Myforge, with the minimum donation percentage starting at 2.5%. | A minimum threshold applies if you want to become eligible for the rewards mentioned above. The amount you want to donate can be adjusted in Myforge, with the minimum donation percentage starting at 2.5%. | ||
==Elysium Scan== | |||
Elysium progress and transactions can be tracked via the Elysium website: https://elysiumscan.vulcanforged.com/. This covers LAVA price, Latest Blocks, Circulating Supply and Transactions. | |||
[[File:Elysium Scan.jpg|none|thumb]] | |||
Latest revision as of 10:39, 31 March 2023
Elysium is Vulcan Forged's carbon-neutral blockchain for metaverses. The first NFTs have been minted and migrated to Elysium as of September 2022.
Design and Specification
Elysium is a high performance blockchain built on the Substrate framework and the underlying engine, it is also EVM Compatible and can work with Solidity Smart Contracts. It is built for NFT and gaming projects in need of a rock-solid blockchain solution. Elysium is carbon-neutral using blockchain solutions that will guarantee true carbon neutrality, through our partnership with Coorest.
Elysium Token Protocols
There are four token protocols used by Elysium. They are the ELS-M1, ELS-20, ELS-721 and ELS-1155.
ELS-M1
The ELS-M1 allows interoperability of NFTs between metaverses as well as storing / loading entire MetaScapes plot data.
ELS-20
These are fungible, interchangable tokens that represent a single entity.
ELS-721
Our standard Elysium non-fungible tokens (NFTs).
ELS-1155
An NFT with dynamic metadata used in gaming, allowing for data to be changed or upgraded through, for example, progress in a game.
Elysium Forge Program Types
Cronus Forges
Elysium will be guarded and validated by a network of 51 authority Forges using proof of authority (PoA). A blockchain validator is a network Forge that assists in processing and validating transaction blocks on the platform so that they can be added to the permanent ledger of the blockchain. The Cronus Forge owners will be known entities.
The Cronus Forge is a physical Forge. You will need to rent a server and deploy software to be able to operate this Forge. Elysium will supply software images for the server to be set up correctly. Some technical knowledge will be required, although an external consultant could be used to cover this. Not everyone will be allowed to own a Cronus Forge. Only validated entities can run one. Is it expected that these entities will actively contribute to the future of Elysium. All Cronus Forges will receive part of the sowing costs, LAVA gas fees on Elysium, and the royalty fees. Cronus Forges can participate in the God Pool and NFT Pool.
Requirements
- Full KYC complete
- Validated and approved by the Vulcan Forged/ Elysium compliance team
- Forge hardware needs to be hosted using a 100% carbon neutral solution
- The geographical location of the Forge/ server will be an essential factor. The Elysium team will provide a list of approved and available providers to rent a server
- The owner must stake at least 50,000 $PYR in the Forge’s address
- If the owner moves or spends $PYR, causing the total amount to drop below the threshold of 50,000 $PYR, the owner will be disqualified and replaced by another candidate on the waiting list
- Downtime will result in fewer rewards. The Forges will be monitored closely.
We will consider applicants from these groups:
- Partners using Elysium
- Game developers/companies creating games on Elysium
- Community contributors (needs to be significant)
- Vulcan Philosophers (limited slots available)
- VCs with long term commitment adding value for Elysium
Cronus Forge holders will receive 169% base generation amount.
Demeter Forges
VulcanVerse land has always been valuable. With the introduction of the Elysium Forge program, all owners will receive LAVA for owning land plots at level 4 and above. The staking rewards received through Demeter Forges are completely separate and are therefore in addition to any PYR rewarded through the land staking program.. Pay outs will be dependent on land plot level and can be determined as follows:
| Land Plot Level | Allocation |
|---|---|
Requirements
As soon as a land plot changes ownership, a 1 month cooling down period will be activated. The plot will not receive any LAVA from the Demeter Pool during this cooling down period. The rewards will be distributed between the other eligible Forges. in addition, the owner needs to earn at least 200 XP daily to become eligible for the Demeter pool rewards. XP generated by Cedalions is eligible to cover this.
Typhon Forges
There are six Typhon tiers. A Tier 1 Forge starts at 2,000 PYR to be locked, all the way up to Tier 6 Forge which requires 64000 PYR to be locked. Typhon Forges can be locked for a certain period to increase the rewards. It will be possible to lock your Forge using a soft-lock mechanism based on snapshots. The additional time-locked staking rewards will be released as soon as the locking period ends. During the staking period, you will receive the normal base generation amount. The cost of the Typhon Forges are as follows:
| Typhon Forge Tier | Lock Fee |
|---|---|
Requirements
All Typhon Forges will receive staking rewards pooled from sowing costs, LAVA gas fees on Elysium, and the marketplace royalty fees. The staking and Base generation amounts for each Tier and staking period is as follows:
| Flexible Staking | Base Generation Amount |
|---|---|
| 60 Day Lockup | Base Generation Amount |
|---|---|
| 120 Day Lockup | Base Generation Amount |
|---|---|
The above is based on PYR single staking. Your bonus will be distributed back into the main LAVA reward pool if you drop below your locked threshold.
Elysium GOD Pool
Owning a God NFT will enable you to boost your staking rewards you would ordinarily have received as a base generation amount, increasing your income potential as follows:
- Zeus or Cronus NFT holders will receive a +15% staking reward increase on your base your generation amount
- All other God NFT holders will receive a +5% staking reward increase on your generation amount.
Please note that the highest god value will be used and Gods are not stackable.
Elysium NFT Pool
Each Vulcanite will provide a minimum 1% extra staking reward to your base generation amount, with additional bonuses for higher-level Vulcanites as follows:
| Vulcanite Level | Base generation Amount |
|---|---|
In addition, Vulcanites can be stacked up to a maximum of five. The maximum bonus is 10% on top of the base generation amount rewards you receive.
- OG Badge Holders will receive a 2.5% staking reward increase for the total reward.
PYR Delegation to Cronus Forges
The smallest Forge available within Elysium is the Cyclops Forge, which as noted above costs 2000 PYR. For those that cannot meet this minimum requirement, you will be able to assign your PYR to a Cronus Forge. The Cronus Forge is eligible for rewards based on all the delegated PYR assigned to their Forge, and will share the rewards. All delegated PYR will be rewarded with an 80% base generation amount, with 75% of this base generation amount being automatically paid to all delegators. The Cronus Forge owner will retain the other 5%.
Vulcan Forged is in the process of creating a Cronus Forge dashboard to allow you to view the rewards that each Cronus Forge will offer to you and will be available within MyForge. The Cronus Forge owner will also be able to organise events, airdrops, or quests to get more PYR delegators to choose their Forge. For example, some larger projects owning a Forge could perform free NFT airdrops.
Elysium Protocols
Gift
The Elysium G.I.F.T protocol adds generalised native fee delegation to the Elysium blockchain. This innovative feature allows anyone to use a decentralised application regardless of their knowledge of blockchain technology by removing the toughest barriers for adoption. This basically means the gas fee can be sponsored by anyone for anyone.
Magma
The Elysium Magma protocol is mainly used to convert any tokens used on the Elysium marketplace to convert to PYR and/ or Lava. Buying an NFT with any token will output the fees involved in PYR and LAVA using Elysium swap.
Surge
The Elysium Surge Protocol will allow users to convert any token stored inside the their wallet as the gas fee. The user can simply choose one of the tokens available and this token will be converted to LAVA in the back-end. This means any token the user owns can be used as the gas fee on Elysium.
LAVA Pools
Vulcan Forged will use pools for LAVA collection and distribution. The pools will continuously collect the LAVA transaction, Marketplace and Sowing fees and distribute to the Forge holders on a weekly basis. LAVA transaction fees will be distributed to Forge holders as follows:
| LAVA Transaction Pool (%) | Allocation |
|---|---|
The marketplace royalty fees will be distributed like this:
| Marketplace Royalty Fees (%) | Allocation |
|---|---|
The LAVA sowing fees will be distributed like this:
| LAVA Sowing Fees (%) | Allocation |
|---|---|
Forge NFTs
Cronus and Typhon Forge NFTs will also provide an additional boost to your Forge rewards by 10%, as long as you own the exact Forge as the Forge NFT. In addition to this, a legendary Forge NFT will be randomly dropped to existing Forges, and within treasure chests inside VulcanVerse, providing an additional increased bonus reward.
All Forge NFTs are tradeable on the Vulcan Forged marketplace, but will be subject to a 12% trading fee. 50% of this fee (6%) will flow directly into Forge LAVA pools, with the other 6% being distributed as per any other marketplace sale.
Eco friendly Forge Holders
You can opt-in to be an eco-friendly Forge holder and donate some of your rewards to the Elysium eco pool. The donation is based on a percentage of your total rewards. using these donations, we will buy real-life trees and create a healthier world. If you decide to donate your tokens, you will receive the following benefits which will differ depending on tier:
- a special status for your account
- your in-game avatars will be granted a visual boost
- your Myforge account will receive an exceptional achievement
- you will be an eco VIP guest at Vulcan Forged and Elysium events. This will depend on your total donation period and donation total
- significantly higher potential to receive the legendary Forge bonus NFT. Note, the Forge tier will also play a significant role here as higher tiers donate more LAVA to the eco pool compared to lower tiers
- higher NFT drop rate potential. The Forge tier will also play a significant role here as higher tiers donate more LAVA to the eco pool compared to lower tiers.
A minimum threshold applies if you want to become eligible for the rewards mentioned above. The amount you want to donate can be adjusted in Myforge, with the minimum donation percentage starting at 2.5%.
Elysium Scan
Elysium progress and transactions can be tracked via the Elysium website: https://elysiumscan.vulcanforged.com/. This covers LAVA price, Latest Blocks, Circulating Supply and Transactions.
