Vulcan Blockchain Rolls Out New Auto-Rebasing Feature to Address SEC Issues
Concerned about addressing the SEC’s proposal to ban cryptocurrency staking, Vulcan Blockchain is preparing for the debut of its innovative auto-rebasing layer 1 blockchain scheduled for Q2, 2023. It has been revealed that the new blockchain aims to address issues related to to the availability of market liquidity and stability on the supply side. In addition, it seeks to tackle regulatory challenges that could pose a headache for crypto investors this year.
Vulcan Blockchain has revealed this following the announcement of the final stages of the Alpha Testnet. As such, Vulcan is set to launch fully into the crypto space as they roll out their new auto-rebasing features.
According to the announcement, Vulcan acknowledged that one of its innovative features is the auto-rebasing mechanism, which allows the blockchain to adjust its balance automatically by modifying the circulating supply of its native $VUL coin every 15 minutes. This mechanism is a significant step forward in maintaining the long-term stability of coin prices and offers valuable transparency.
The launch of this product will see the Vulcan blockchain become the first network to have a built-in auto-rebasing mechanism and an auto-compounding feature. With this feature, the platform aims to improve the reliability and predictability of the entire network by establishing a set of clear rules and conditions for its operation. In this way, investors will have a better grasp of the project’s finances and will be able to plan their asset management. This makes the project particularly attractive in the volatile and unpredictable world of blockchain.
The development team behind the Vulcan blockchain has expressed high hopes for the potential outcome of the debuted mechanism. The team noted that they are confident that the network will add value to the blockchain market and will prove attractive to investors.
It is also interesting to note that Vulcan’s auto-rebasing feature comes in response to buzzing news that the US Securities and Exchange Commission is looking to ban cryptocurrency betting.
To address this issue, Vulcan Blockchain has incorporated an auto-staking feature within the protocol framework, allowing investors to rely on the innovative technology to earn returns on stakes while bypassing any potential bans.
The high returns of such cryptocurrency investments have piqued the SEC’s interest in efforts. Nevertheless, the auto-staking feature offers a safe way to profit from stakes, even in the face of potential regulations or sanctions. This makes it an excellent solution for investors who want to take advantage of the huge passive income potential of cryptocurrencies and DeFi.
