Elysium Blockchain, part of the Vulcan Forged ecosystem, is planning to revolutionize its platform by introducing new Elysium Nodes and Elysium Forges. These new features aim to improve the blockchain’s circular economy, benefiting all stakeholders, including players, PYR, LAVA holders, and partners. The Elysium Blockchain is well known for its bustling activity, especially on its Agora Marketplace.
Elysium Nodes: A New Era of Participation
The Elysium Nodes, initially known as Cronus Nodes, are a significant addition to the blockchain. These physical nodes, 51 in total, require a server and specific software to operate. While some positions have already been filled, the Elysium team still seeks applications for the remaining slots. Hosting a node comes with substantial rewards, including a share of transaction fees, royalty fees, and sowing fees. These nodes are crucial in securing the Elysium Blockchain and authenticating transactions.
Rewarding PYR Holders With Elysium Forges
Elysium Forges, previously named Typhon Nodes, offer an exciting opportunity for PYR holders to earn LAVA rewards. These rewards are based on the amount of PYR held, the duration of the lock-in period, and the presence of boosters. The Forges feature a tiered system, with six levels offering increased rewards for longer staking periods. This system makes it accessible for both small and large PYR holders to participate and benefit from the blockchain’s growth.
Demeter Rewards and Boosters: Maximizing Benefits
In addition to the Forges, the Elysium Blockchain introduces Demeter Rewards, allocated to VulcanVerse landholders at certain levels. These rewards come from a portion of the transaction fees generated on the blockchain. To further enhance rewards, the platform offers various boosters like God NFTs, Vulcanite NFTs, and OG Badge NFTs. These boosters increase the base reward amount, providing additional incentives for participants.
Transitioning from LAVA Gem Rewards
The Vulcan Forged team has announced the end of the LAVA Gem program, effective December 1st. This decision marks a shift towards a more structured reward system with the Elysium Forges. The LAVA Gem program, which distributed substantial rewards to users, will be replaced by the more sustainable Elysium Forges system.
Lastly, the future of the Elysium Blockchain is promising. They plan to introduce Soulbound Tokens, specifically for OG Badges. This new type of token is non-transferable and permanently linked to a wallet, signifying the holder’s early support for Vulcan Forged. Additionally, a snapshot of wallets is planned for December 1st, with a retroactive reward system for loyal PYR holders.