VulcanVerse 101: Earning and Cashing Out
4 - 5 minutes
Learn how you can earn by playing VulcanVerse and how to convert your tokens into fiat currency.
Topics to read before diving into this article:
At the end of the lesson, you will be able to answer the following:
How can I earn money in VulcanVerse?
How can I cash out in VulcanVerse?
How can I earn in VulcanVerse?#Copy URL to this article section
There are several ways to earn money in VulcanVerse. As a beginner, you can either rent out your plot to a Cedalion or earn XP and $LAVA by playing the game.
Earn XP and $LAVA#Copy URL to this article section
You can earn XP and $LAVA by accomplishing tasks in the game. A fixed amount of XP is awarded for every action. $LAVA, on the other hand, is given randomly for each task that you finish. You may check your earnings at LAVA & XP Dashboard.
Here we show how much XP you can earn for every task that you accomplish in the game. The XP you earn for each daily activity will only be credited to you once per day, and this resets every 2:00 AM CET.
Landmark Runs - 10 XP per landmark
Foraging - 1-5 XP
Battling - 1 XP per win
Land Appreciation - 2 XP
Daily Activities (once per day):
10 Battle Wins - 50 XP
10 Forages - 25 XP
Online for 1 hour - 10 XP
5 Trades - 10 XP
Foraging in every quadrant - 20 XP
Winning a battle in every quadrant - 20 XP
Visiting a landmark in every quadrant - 20 XP
Rent out your plot to a Cedalion#Copy URL to this article section
As a plot owner, you can rent out your plot to a Cedalion (scholar) and get a portion of their earnings. You can do this by putting your owned Plot for Rent in the Marketplace.
How can I cash out in VulcanVerse?#Copy URL to this article section
Before cashing out, you need to have the following:
At least 10,000 XP
$MATIC currency in your MyForge wallet
MetaMask wallet connected to the Polygon network
Once you have 10,000 XP in your wallet, we can swap our Cold $LAVA for Hot $LAVA. The Hot LAVA will be converted into a stablecoin, which will then be converted into fiat currency.
A fiat currency is a government-issued currency such as the United States Dollar (USD) and the Philippine Peso (PHP).
A stablecoin is a type of cryptocurrency whose value is pegged or tied up to a fiat currency or some other commodity. For example, Tether or USDT is a stablecoin that is pegged to the value of the US Dollar.
Step 1 - Convert Cold $LAVA into Hot $LAVA#Copy URL to this article section
First, in order to convert Cold $LAVA into Hot $LAVA, go to MyForge Wallet (Earnings). Then, enter the amount of Cold $LAVA you want to convert and press the “Convert” button.
Afterwards, your Hot $LAVA will appear in your wallet.
Converting Cold $LAVA into Hot $LAVA
Your converted Hot Lava in your Wallet
Step 2 - Withdraw Hot $LAVA and send to MetaMask#Copy URL to this article section
Now, it's time to withdraw the $LAVA. To do this, you will need at least 0.2 MATIC in your MyForge Wallet on the Polygon network. Send the MATIC to the address found under MATIC Polygon as shown here:
Your MyForge wallet address for the Polygon network
Next, upon clicking on “Withdraw” MATIC | LAVA, you will need to enter an amount and an external address where your $LAVA will be sent. This should be sent to your MetaMask (Polygon) address. Make sure that you have added the Polygon to the list of available networks.
Entering amount and external address
Step 3 - Convert your $LAVA to a stablecoin#Copy URL to this article section
Your $LAVA should reflect in MetaMask. Now, you can head to Vulcandex Swap or any Decentralized Exchange that supports the $LAVA currency. You can now exchange $LAVA for stablecoin such as USDC or USDT. In this example, we will use USDC.
To do this, you need to select Swap from LAVA and Swap to USDC. You can enter an amount for either one of these and it will automatically show you the conversion.
Converting LAVA to stablecoin
Once you approve the transaction (along with the gas fees), your MetaMask wallet will ask you to sign the transaction. Click "Confirm" to continue.
Approving LAVA Transactions
Check the transaction details, then click "Confirm Swap". Your MetaMask wallet will prompt you again to sign it. Click "Confirm" to continue.
Confirming Swap Transaction
Confirming MetaMask Activity
Great! The USDC should now reflect in your MetaMask wallet.
USDC reflected on your Wallet
Step 4 - Send stablecoin from MetaMask to Binance#Copy URL to this article section
It's time to send the USDC to Binance. On the MetaMask app or extension, click "Send". Then, Paste your Binance address in the “Send to” field.
Clicking Send button in MetaMask
Pasting your Binance address
Next, input the amount of USDC you want to send to Binance, and click "Confirm" to push through with the transaction.
Inputting your Stablecoin to send to your Binance
Confirming Transaction in MetaMask
Wait until the “Sent” Confirmation of that Transaction has been recorded. Afterwards, the USDC should reflect on your Binance deposits.
Recorded sent confirmation of your transaction
Viewing your Stablecoin in your Binance Deposits
Step 5 - Convert your stablecoin to fiat through Binance #Copy URL to this article section
Now you have your stablecoin in Binance, you may follow our guides on how to convert this into fiat currency that will be sent directly into your bank account. Remember that you need a verified Binance account in order to cash out.
Congratulations! You were able to convert your VulcanVerse earnings to cash.