LBank Exchange Will List LAVA (LAVA) on March 4, 2024

Road Town, British Virgin Islands--(Newsfile Corp. - March 3, 2024) - In a significant move for cryptocurrency and mobile technology enthusiasts, LBank Exchange, a leading global digital asset trading platform, has announced LAVA (LAVA) listing on March 4, 2024. LBank Exchange users can prepare for the LAVA/USDT trading pair, which will go live at 12:00 UTC on the scheduled date.

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LAVA (LAVA) is the native cryptocurrency of Elysium, a Layer 1 blockchain developed by Vulcan Forged, designed to earn money through gaming activities or purchases on exchanges, and is consumed with every transaction on the Elysium network.

Introducing LAVA: the fuel of the Elysium gaming universe

LBank Exchange is pleased to announce the upcoming listing of LAVA (LAVA), a foundational cryptocurrency within the Vulcan Forged ecosystem, a dynamic blockchain and NFT gaming platform. As a secondary token of Vulcan Forged, LAVA serves multiple critical functions, from facilitating transactions to powering gameplay and rewarding users. Originating from the Polygon network, LAVA has undergone significant evolution as Vulcan Forged transitioned to its proprietary Elysium blockchain, highlighting the platform's dedication to creating a more sustainable and integrated ecosystem. This measure not only included a token migration to ensure the continuity of its users, but also introduced a limited supply of one billion tokens, with the aim of improving the value and stability of LAVA in the market.

At the heart of LAVA's utility is its dual-state nature, represented by Cold LAVA (or LAVA Crystals) and Hot LAVA. Cold LAVA, earned through gameplay and experience points within Vulcan Forged games, represents an off-chain value that can be transformed into on-chain Hot LAVA. This unique mechanism allows players to turn their gaming achievements into tangible rewards, fostering a more engaging and rewarding platform experience. The conversion process is not only a testament to a player's commitment and skill, but also a control mechanism that adds a layer of security against exploits, ensuring the integrity of the ecosystem.

LAVA's role extends beyond the gaming experience and into the realm of decentralization and ecosystem economics. It is essential in the functioning of the Agora market, Vulcan Forged's decentralized trading platform, where it is used as gas for transactions. This functionality underlines the importance of LAVA in facilitating a decentralized, user-driven economy, where transactions are executed directly from users' wallets, improving transparency and trust. Additionally, LAVA is burned for various ecosystem activities, reinforcing its scarcity and potential value appreciation over time.

LAVA's future within the Vulcan Forged ecosystem is marked by continued innovation and expansion. With its utility spanning gaming, NFT transactions, and DeFi applications like LAVA Bank, LAVA is not just a cryptocurrency but a cornerstone of Vulcan Forged's vision for a decentralized gaming future. As the ecosystem grows, LAVA is poised to play an even bigger role, driving user engagement, rewarding participation, and driving the economic mechanisms that make Vulcan Forged a unique and thriving blockchain gaming platform.

About LAVA token

Based on Elysium, LAVA has a total supply of 1 billion (i.e. 1,000,000,000). The LAVA token is set to debut on the LBank Exchange at 12:00 UTC on March 4, 2024. Investors interested in LAVA can easily buy and sell on the LBank Exchange after that time.

Learn more about the LAVA token:

Official website: https://vulcanforged.com/

Explorer: https://explorer.elysiumchain.tech/

Discord: https://discord.gg/vulcan-forged

Twitter: https://twitter.com/VulcanForged

Youtube: https://www.youtube.com/@VulcanForged

LinkedIn: https://www.linkedin.com/company/vulcan-forged/

Instagram: https://www.instagram.com/vulcan_forged/

About LBank

LBank is one of the leading crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services and secure crypto trading to its users. The platform has more than 9 million users from more than 210 regions around the world. LBank is a growing cutting-edge platform that ensures the integrity of users' funds and aims to contribute to the global adoption of cryptocurrencies.

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Press contact:

press@lbank.com

Business contact:

LBK Blockchain Co. Limited