December 28, 2022, Tallinn, Estonia: Vulcan Blockchain has simply introduced that its’ novel auto-rebasing Layer 1 protocol will launch in Q1 of 2023. The protocol, which has been beneath growth for a while goals to stability provide aspect points affecting market stability. On this vein, the first key function of the Vulcan Blockchain is its Auto-Rebasing mechanism, which adjusts the circulating provide of $VUL (the native coin) each quarter-hour.
Vulcan, named after the god of fireplace and forge, options distinctive by no means earlier than seen blockchain know-how. Auto-Rebasing is a novel function that permits a blockchain to routinely regulate its provide of circulating cash. This may be an necessary instrument for sustaining the steadiness and worth of the native coin over time, in addition to offering a extra predictable and clear financial coverage.
The Vulcan Blockchain can be Auto-Compounding, which signifies that as a holder of $VUL, your possession of cash will increase with every epoch.
Jason Matthison, COO of Vulcan, said:
“Along with offering stability, an Auto-Rebasing blockchain may also assist to supply larger transparency and predictability. “By clearly outlining the foundations and circumstances beneath which the provision of tokens can be adjusted, an auto-rebasing blockchain may give customers and buyers a greater understanding of the financial coverage of the community. This can assist to extend confidence within the community, making it extra enticing to customers and buyers.”
So as to add to its Auto-Rebasing, Auto-Compounding capabilities, the Vulcan Blockchain additionally has a novel burn mechanism, often known as the “Fireplace Pit” (a null deal with). 80% of all transaction charges on the community are routinely despatched to the Fireplace Pit, which is completely inaccessible and burns the cash from the circulating provide perpetually. This function permits $VUL to grow to be hyper deflationary and a trusted retailer of worth cryptocurrency over time.
The mixture of those options, together with the dedication to decentralization, makes the Vulcan Blockchain the perfect platform for DeFi purposes. Whether or not you’re a person, developer, or investor, the invitation exists to affix the Vulcan Community on this thrilling journey and be part of the way forward for DeFi.
About Vulcan Blockchain
Vulcan Blockchain is the primary blockchain with a built-in Auto-Rebasing mechanism, which adjusts the circulating provide of $VUL (the native coin) each quarter-hour. The Vulcan Blockchain can be Auto-Compounding, which signifies that as a holder of $VUL, your possession of cash will increase with every epoch. The mixture of those options, together with the dedication to decentralization, makes the Vulcan Blockchain the perfect platform for DeFi purposes.
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