28 December 2022, Tallinn, Estonia: Vulcan Blockchain has announced that its new auto-rebase Layer 1 protocol will launch in the first quarter of 2023. The protocol is designed to balance supply-side issues that affect market stability. As such, a key feature of the Vulcan blockchain is an automatic rebasing mechanism that adjusts the circulating supply of $VUL (the native coin) every 15 minutes.
Named after the god of fire and smithing, Vulcan features unprecedented and unique blockchain technology. Automatic Rebasing is a unique feature that allows the blockchain to automatically adjust the supply of circulating coins. This will be an important tool for maintaining the stability and value of the native HIS coin over the long term and providing a more predictable and transparent monetary policy.
The Vulcan blockchain is also autosynthetic. In other words, as the owner of $VUL, your ownership of the coin increases with each epoch.
“In addition to providing stability, Auto-Rebasing blockchains also help provide greater transparency and predictability.”
Said Jason Mattison, COO of Vulcan.
“By clearly outlining the rules and conditions under which the supply of tokens will be adjusted, an auto-rebase blockchain can give users and investors a better understanding of the network’s monetary policy. It will be more trustworthy and more attractive to users and investors.” he added.
To add auto-rebasing, auto-synthesizing capabilities, the Vulcan blockchain also has its own write mechanism known as the “Fire Pit” (null address). 80% of all transaction fees on the network are automatically sent to Fire Pit. This Fire Pit is completely inaccessible and permanently burns coins from the circulating supply. This feature will make $VUL hyper-deflationary and a trusted store of valuable cryptocurrencies over time.
The combination of these features, along with our commitment to decentralization, makes the Vulcan blockchain an ideal platform for DeFi applications. Whether you are a user, developer, or investor, your invitation exists to join the Vulcan Network to take part in this exciting journey and be part of the future of DeFi.
About the Vulcan Blockchain
The Vulcan Blockchain is the first blockchain with a built-in auto-rebasing mechanism that adjusts the circulating supply of $VUL (Native Coin) every 15 minutes. The Vulcan blockchain is also autosynthetic. In other words, as the owner of $VUL, your ownership of the coin increases with each epoch. The combination of these features, along with our commitment to decentralization, makes the Vulcan blockchain an ideal platform for his DeFi applications.