Vulcan Blockchain’s Auto-rebasing Layer 1 Set for Release Q1 2023
Vulcan Blockchain has just announced that its new auto-rebasing Layer 1 protocol will launch in Q1 of 2023.
The protocol, which has been under development for some time, aims to balance supply-side issues that affect market stability. In this way, the primary key feature of the Vulcan Blockchain is its Auto-Rebasing mechanism, which adjusts the circulating supply of $VUL (the original coin) every 15 minutes.
Vulcan, named after the god of fire and forge, has unique blockchain technology that has never been seen before. Auto-Rebasing is a unique feature that allows a blockchain to automatically adjust the supply of circulating coins.
This can be an important tool in maintaining the stability and value of the native coin over time, as well as providing a more predictable and transparent monetary policy.
The Vulcan Blockchain is also auto-compounding, meaning that as a holder of $VUL, your ownership of coins increases with each epoch.
“In addition to providing stability, an auto-rebasing blockchain can also help provide greater transparency and predictability,”
Jason Matthison, COO of Vulcan
“By clearly outlining the rules and conditions under which the supply of tokens will be adjusted, an auto-rebasing blockchain can provide users and investors with a better understanding of the monetary policy of the network. This can help increase trust in the network, making it more attractive for users and investors,” he added.
To add to its Auto-Rebasing, Auto-Compounding features, the Vulcan Blockchain also has a unique burning mechanism, known as the “Fire Pit” (a null address).
80% of all transaction fees on the network are automatically sent to the Fire Pit, which is completely inaccessible and burns the coins from the circulating supply forever. This feature allows $VUL to become hyperdeflationary and a reliable store of valuable cryptocurrency over time.
The combination of these features, along with its commitment to decentralization, makes the Vulcan Blockchain the ideal platform for DeFi applications. Whether you are a user, developer or investor, you are invited to join the Vulcan Network on this exciting journey and be part of the future of DeFi.
About Vulcan Blockchain
Vulcan Blockchain is the first blockchain with a built-in auto-rebasing mechanism, which adjusts the circulating supply of $VUL (the native coin) every 15 minutes.
The Vulcan Blockchain is also auto-compounding, meaning that as a holder of $VUL, your ownership of coins increases with each epoch. The combination of these features, along with its commitment to decentralization, makes the Vulcan Blockchain the ideal platform for DeFi applications.
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