BRITISH VIRGIN ISLANDS, Feb. 17, 2023 (GLOBE NEWSWIRE) — Vulcan blockchain has recently announced that it is in the final stages of its Alpha Testnet and preparations for the launch of its innovative auto-rebasing layer 1 blockchain, which is scheduled for the second quarter of 2023. The The new blockchain is designed to address supply-side issues related to market liquidity availability and stability, and looks set to address some of the regulatory issues that could well become a headache for crypto investors this year.
The new auto-rebasing feature is designed to allow the blockchain to automatically adjust its balance via adjusting the original Vulcan blockchain $VUL coin circulating supply every 15 minutes. Such a mechanism is an innovation in maintaining long-term coin price stability and is invaluable in providing transparency.
SEC Decisions
The release of the auto-rebasing feature comes in light of the news that the Securities and Exchange Commission is trying to ban cryptocurrency betting. Vulcan Blockchain solves this problem through the use of the auto-staking feature within the protocol framework and allows investors to rely on the innovative technology to bypass any bans and continue to earn returns on stake.
The increased interest in efforts on the part of the SEC is a result of high returns resulting from such cryptocurrency investments. However, the auto-staking feature will provide a safe way to profit from stakes despite potential regulations or sanctions, making it an ideal solution for investors who are willing to continue to exploit the huge potential of passive income received from cryptocurrencies and DeFi.
Automatic rebasing – a hedge against inflation
The Vulcan blockchain is the first network to have a built-in auto-rebasing mechanism and an auto-compounding feature. The latter allows $VUL coin holders to increase their ownership with each network epoch.
The auto-rebasing feature is also intended to provide greater reliability and predictability regarding the operation of the network as a whole by basing operations on a clearly outlined set of rules and conditions. Investors will thus have a greater understanding of project economics and will be able to plan capital management in advance, thus making the project attractive in the highly volatile and unpredictable blockchain area.
Vulcan’s unique ‘Fire Pit’ burning mechanism, which uses a zero address, will be used to maintain both auto-rebasing and auto-compounding functions. The mechanism assumes the burning of up to 80% of all transaction fees, thereby reducing circulating supply on a permanent basis. The given measure applied to the $VUL coin will make it a hyperdeflationary asset and thus an inflation-proof store of value.
The Vulcan blockchain development team, led by Australian entrepreneur Bryan Legend, is convinced that the network will add value to the blockchain market as a whole and will prove attractive to investors.
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 third and revolutionary new feature is Auto-staking which gives holders a return of 44% APR by not having to “stake” their coins anywhere apart from the sole requirement of holding in their own wallet. The combination of these features, along with its commitment to decentralization, makes the Vulcan Blockchain the ideal platform for DeFi applications.
Media contact
OOXY Labs
Contact Name: Bryan Legend, Co-Founder
Email: [email protected]
