Vulcan Blockchain to improve staking ability with layer 1 solution
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As the world’s first auto-staking, auto-rebasing and auto-compounding layer 1 blockchain, Vulcan Blockchain has unveiled their new solution designed to help investors “stake without stake”.
Staking is a popular method of earning additional passive income and is regularly relied upon by many investors to increase the value of their respective investments. Staking is the practice of holding a certain amount of crypto as collateral in a blockchain network to validate transactions as well as secure the network. Users can therefore potentially earn rewards by receiving additional tokens on top of their already existing ones through staking.
Vulcan Auto staking
Vulcan Blockchain aims to streamline the staking process while protecting investors from unwanted regulatory policies. Through the use of Vulcan’s layer-1 auto-staking, users earn stake rewards by simply holding their own funds in their own wallet without any lock-up period and without relying on third-party services. By doing so, investors can potentially bet effectively as this popular method of auto-staking by earning additional revenue will become more accessible to a wider range of users and encourage greater participation in security and network management.
Analyzes Vulcan’s functions
Vulcan is the first blockchain to include an auto-rebasing mechanism as well as auto-compounding functionality. For every 15 minute network epoch, $VUL coin holders increase their individual asset at a guaranteed 44% APR.
Furthermore, the automatic rebasing feature is intended to improve network quality and consistency by efficiently assigning operations through a defined set of rules and conditions. As a result, investors gain the ability to better understand the initiative’s core infrastructure and finances, meaning they can seamlessly manage their assets up front.
Additionally, due to Vulcan’s high emphasis on auto-staking and auto compounding, investors automatically receive rebased coins as interest payments. The supply of circulating coins is also distributed automatically, which is every 15 minutes for Vulcan as mentioned above.
The auto-compounding and auto-rebasing aspects are to be maintained using Vulcan’s innovative ‘Fire Pit’ combustion mechanism. This system uses a zero dead address which will involve burning 80% of all transaction fees, thus permanently reducing the circulating supply. When this measure is applied to $VUL, it becomes a hyperdeflationary asset as well as a store of value with inflation-hedging properties.
About Vulcan
Vulcan blockchain development team, led by Australian entrepreneur Bryan Legend, is optimistic that the network has all the tools necessary to successfully add value to the overall blockchain market and be attractive to investors. In this way, Vulcan strives to be the ideal platform for all applications related to DeFi due to the combination of the previously mentioned features and the team’s commitment to achieving true decentralization.
For more information and regular updates, visit the official Vulcan’s website and Medium and Twitter channels.
