Vulcan Blockchain – Future of Staking as SEC Ban Can’t Touch

With the exponential rise in popularity of blockchain technology and cryptocurrency over the past decade, it’s no surprise that the Securities and Exchange Commission (SEC) has been looking for ways to regulate and clamp down on what is an inevitable way forward for the world. The crypto and blockchain field is expanding at lightning speed, providing more solutions such as decentralized finance (DeFi) via ever-improving blockchain technology.

Cryptocurrency has evolved from just being something someone can buy and sell to a way of providing passive income where investors can lend out their cryptocurrency in exchange for returns.

One of the ways the SEC is now trying to hold back the growth of the cryptocurrency industry as a whole is by looking to completely ban staking for all cryptocurrencies. With “stakeability” being such an important element of an individual cryptocurrency or token’s functions, a complete ban on staking could wreak havoc across the crypto community. This is where Vulcan Blockchain comes in, with its innovative solution that solves this problem via Auto-Staking.

Auto-staking – The way forward

Before we look at the incredibly unique concept that is the Vulcan Blockchain, let’s better understand exactly what “standard” staking is so we can fully appreciate the idea behind auto-staking.

Staking is an excellent way for cryptocurrency holders to make money, but without selling their cryptocurrency and effectively “lending out” the crypto and receiving a reward/return for it. It’s similar to how you can put your money in a high-interest savings account and receive interest payments on the amount you deposit.

With staking, crypto investors lock up their asset for a specific period of time, and this helps power the particular blockchain it is associated with.

SEC vs. Staking

According to a recent article by Bloomberg, the head of Coinbase Inc. Brian Armstrong has indicated that the SEC is quickly cracking down on betting activities, with the intention of banning the concept entirely. Brian Armstrong has been quoted as saying that there are rumors that the SEC’s intention is to “get rid” of staking altogether.

This has naturally caused a lot of concern throughout the crypto industry. An article by MarketWatch mentioned that Coinbase received $62 million in revenue in the three months prior to March 30.^th September 2022 from staking, or “blockchain rewards”. When you consider that this was 10% of revenue for this period, it’s no surprise that the idea of ​​a complete ban on betting has naturally caused a lot of concern for Coinbase, which is the world’s largest crypto exchange, as well as other exchanges such as . Binance.

To make matters worse, the SEC recently forced one of the largest cryptocurrency exchanges, Kraken, to completely shut down its staking service. This not only had a huge impact on Kraken, but also resulted in them having to pay the SEC a whopping $30 million in penalties. Fortunately, the innovative mind of Vulcan Blockchain’s founder, Bryan Legend, has meant that there is a way forward for the crypto community with his unique Auto-Staking proposition.

Vulcan Blockchain and Auto-staking

Bryan Legend is the man behind Vulcan Blockchain, which has proven success in the crypto industry.

According to Business Insider Africa, in 2022 Bryan launched SAFUU, a “decentralized finance (DeFi) protocol designed to deliver sustainable asset funds to individual users”. SAFUU was a success, allowing investors to get an excellent return on their principal investment.

Bryan has subsequently launched OOXY Labs, and is now gearing up for the launch of Vulcan Blockchain, the first of its kind, which functions as an “auto rebasing layer one blockchain”.

The main idea behind this is to extend the vision of DeFi throughout the blockchain, and according to Vulcan “every project launched on Vulcan is immediately a DeFi protocol due to our core Auto-Rebasing technology inherited from Vulcan’s original coin $VUL”.

Vulcan’s unique focus on Auto-staking and auto-compounding means investors can earn rebased tokens as interest payments. With the Vulcan Blockchain protocol being the first automatic rebasing solution, this means that the supply of circulating coins is automatically distributed, and in Vulcan’s case, this is every 15 minutes at 44% APR.

Fire Pit is Vulcan’s specific burning mechanism, which ensures constant reduction of total supply, in line with the amount of transactions that occur on the blockchain. In fact, 80% of total transaction fees are sent to Fire Pit by default. This in turn helps to keep price fluctuations to a minimum and sustainability at the forefront.

The other advantage of Vulcan is that it offers an automatic compounding solution, so that all investors and holders of its original token, $VUL will have their ownership increased with each epoch.

Summary

Vulcan Blockchain is simply way ahead of the game, and founder Bryan Legend and his team have worked tirelessly to create a unique concept that is the first of its kind. It offers a number of advantages, not only with the Auto-staking feature, but the fact that its automatic rebasing solution automatically adjusts the supply, reducing volatility and ensuring that the supply is controlled. The automatic compounding feature is another fantastic part of Vulcan’s offering, with investors able to receive regular interest payments as rebased original coins.

The SEC’s constant crackdown on what appears to be all betting activity in the industry is further evidence that a move towards decentralized platforms and protocols will only gain momentum. It seems that this ban on strikes will not be a matter of if, but when. When this happens, we can expect to see not only retail investors, but also institutional investors gravitate towards the Vulcan Blockchain and its unique auto-staking proposition, and they will surely come in their flocks.