Vulcan Blockchain’s Auto-Rebasing Layer 1 Set for Release Q1 2023
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
December 28, 2022, Tallinn, Estonia: Vulcan Blockchain has just announced that its’ novel 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 affecting market stability. In this vein, the primary key feature of the Vulcan Blockchain is its Auto-Rebasing mechanism, which adjusts the circulating supply of $VUL (the native coin) every 15 minutes.
Vulcan, named after the god of fire and forge, features unique never before seen blockchain technology. Auto-Rebasing is a unique feature that allows a blockchain to automatically adjust its supply of circulating coins. This can be an important tool for 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, which means 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 to provide greater transparency and predictability,”
said 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 give users and investors a better understanding of the monetary policy of the network. This can help to increase confidence in the network, making it more attractive to users and investors,” he added.
To add to its Auto-Rebasing, Auto-Compounding capabilities, the Vulcan Blockchain also has a unique burn mechanism, known as the "Fire Pit” (a null address). 80% of all
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