Vulcan Blockchain is preparing to launch its new auto-rebasing layer 1 blockchain, designed to solve supply-side issues related to market liquidity availability and stability. The blockchain will also address regulatory issues that may become a headache for crypto investors in 2023.
Vulcan’s auto-rebasing feature automatically readjusts the balance of the blockchain via adjustment of the native Vulcan blockchain $VUL coin circulating supply every 15 minutes, providing transparency and price stability maintenance.
Vulcan Blockchain solves potential issues related to cryptocurrency staking, which the US Securities and Exchange Commission (SEC) is seeking to ban.
Kraken, a crypto exchange, has agreed to pay a $30 million settlement to the SEC for allegedly violating SEC rules by offering a service that allowed investors to earn rewards through “staking” their coins.
This move is part of the SEC’s efforts to regulate the crypto industry under the same rules that govern the sale of securities, treating tokens similarly to stocks and bonds. The SEC has taken a number of actions against crypto operators in recent times as it seeks to bring the crypto industry into a more regulated environment.
The auto-staking feature within the protocol framework enables investors to earn yields on staking despite any potential regulations or sanctions.
Vulcan Blockchain is the first network with a built-in auto-rebasing mechanism and an auto-compounding feature. The latter allows $VUL coin holders to increase their asset ownership with each network epoch.
The auto-rebasing feature provides 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.
Vulcan’s unique ‘Fire Pit’ burning mechanism will be used to maintain both the auto-rebasing and auto-compounding features. The mechanism foresees the burning of up to 80% of all transaction fees, reducing circulating supply on a permanent basis.
The Vulcan blockchain development team, headed by Australian entrepreneur Bryan Legend, is confident that the network will add value to the blockchain market as a whole and will prove to be attractive for investors.
The combination of these features, along with the commitment to decentralization, makes the Vulcan Blockchain the ideal platform for DeFi applications.
Vulcan’s auto-rebasing and auto-compounding features will make $VUL a hyper deflationary asset, thus an inflation-hedged store of value.
Investors will have a greater understanding of project economics, enabling them to plan their asset management in advance, making the project attractive in the highly volatile and unpredictable blockchain space.
Vulcan’s innovation provides a secure way of earning on staking despite potential regulations or sanctions, making it an ideal solution for investors willing to continue to leverage the immense potential of passive earnings received from cryptocurrencies and DeFi.
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