Vulcan Forged(LAVA) Startup Free Offering on Gate.io

This LAVA(LAVA) Startup subscription is a free subscription, and will not deduct the users' participation funds at the end of event.​​

Startup Link: https://www.gate.io/startup

Introduction to LAVA(LAVA)

LAVA is the native coin of Elysium blockchain, the Layer 1 by Vulcan Forged. Vulcan Forged is at the forefront of blockchain innovation, pioneering a revolution in the gaming world. With Elysium, our cutting-edge layer 1 blockchain, we’ve created a robust, secure, and scalable infrastructure tailored explicitly for gamers. Our game studio, Vulcan Studios, produces immersive and captivating blockchain games, while MetaScapes, our "Metaverse as a Service" system, empowers creators to forge their own unique metaverses. Vulcan Forged offers a dynamic ecosystem that merges blockchain technology and gaming seamlessly, as we position ourselves as the gateway to a new era of gaming, offering unprecedented ownership of in-game assets and experiences.

(The information below is provided by the LAVA(LAVA) team. Please follow LAVA(LAVA) for more information）

Token Information
Token Name: LAVA
Token Symbol: LAVA
Max Supply：1,000,000,000
Token Type: Native token
Contract: N/A
Token distribution ratio and unlocking rules:
LAVA is the native token of the Vulcan Forged ecosystem, serving as the primary medium for transactions, gameplay incentives, and participation rewards. With a total supply capped at 1 billion tokens, LAVA underwent a significant evolution from its origins as a Polygon token to become a pivotal asset within the Elysium blockchain. Notably, LAVA’s tokenomics include the conversion of Cold LAVA, earned through active gameplay and XP accumulation, into Hot LAVA, which can be used on the Elysium blockchain and exchanged for fiat currency if desired. Additionally, the introduction of the Frenzy Pass system partitions LAVA earnings between a Frenzy LAVA pool and a non-Frenzy pool, creating a circular economy to maximize player rewards. The LAVA Bank and DeFi District initiatives within VulcanVerse offer users opportunities to stake LAVA and earn APY, further integrating gaming and finance. As for vesting, there are no specific vesting periods mentioned in the whitepaper, indicating a straightforward and flexible token distribution model. LAVA’s ongoing innovation and expanding utility underscore its significance within the Vulcan Forged ecosystem, with the potential for future use-cases and features.

Website: https://vulcanforged.com & https://elysiumchain.tech/
WhitePaper ：https://vulcan-forged.gitbook.io/whitepaper/

LAVA(LAVA) Startup Sale Rules

(1) Duration: 02:00 am 17th Nov, 2023 - 02:00 am 18th Nov, 2023 (UTC)(Orders placed by qualified users within these 24 hours will be treated equally.)
(2) Trading Starts Time: 06:00 am 18th Nov, 2023 (UTC)
Trading Pairs: LAVA/USDT
(3) Price: 0 USDT
(4)Startup Supply : 1,000,000 LAVA
(5) Unlock rule: 100% unlock.
(6) Startup Participation Rules:
Each user can only purchase once with a KYC account.
a) Startup Participation Rules for VIP Users:
For Airdrop Projects, the system will no longer verify the VIP Users’ assets adequacy, instead, the system will verify the Users’ VIP Level. The actual shares each VIP User received will be determined based on the actual VIP Level at the time of token distribution.
Purchase limit: The maximum contribution limit for a single user is 1500 shares. The VIP Users’ existing subscription share rules remain unchanged and can get 100% airdrops. The higher the VIP level, the more Startup airdrop shares can be subscribed.
The relationship between the VIP level and the maximum contribution allocation, please refer to the link: https://www.gate.io/article/29892
b) Startup Participation Rules for Non-VIP Users (VIP 0 Users):
Spot assets not less than 10 USD, after participating in the subscription, whether the Non-VIP Users win or not will be announced at the end of the project subscription.
A portion of lucky Non-VIP Users will be randomly selected and the airdrop amount will be evenly distributed.
Non-VIP users who use Startup vouchers to join the subscription will have their Voucher benefits prioritized. Startup vouchers guarantee a 100% corresponding share, the specific subscription rules can be found at https://www.gate.io/article/31899.
(7) Announcement of results: After the end of the day’s subscription, the system will count all eligible subscription orders.
VIP users will be distributed according to the ratio of the individually subscripted tokens to the total subscripted tokens.
Non-VIP users will be randomly selected as part of the lucky Non-VIP users and the airdrop quota will be distributed equally. The subscription results will be announced before listing.
(8) That multiple accounts with the same KYC information when claiming Startup shares will be deemed as cheating behavior, and any cheating behavior is prohibited. In case of cheating, Gate.io reserves the right to disqualify the users involved and forfeit their rewards.