Vulcan blockchain features: Auto staking/auto rebasing are a game changer!
Staking allows crypto holders to earn money without having to sell their digital assets. They can lend their cryptocurrency by storing it for a set period of time and receiving rewards in return in the form of tokens that can be sold at a later date. This is similar to putting money in a high-interest savings account which can be used to earn interest based on the amount of money put in.
However, much like various other technologies and investment practices over the years, staking capabilities continue to evolve and that is where Vulcan Blockchain comes in with its auto staking, rebasing, compounding, and fixed flex elements.
Understanding Vulcan’s unique concept
When crypto investors stake their assets, they help to run the blockchain with which they are affiliated in a mutually beneficial relationship. Vulcan claims that every project launched on its platform instantly becomes a DeFi protocol. This is possible through the core auto-rebasing technology inherited from $VUL, its native coin.
The emphasis on auto staking, auto rebasing, and auto compounding distinguishes Vulcan’s approach as compared to other blockchains.
Thanks to auto staking, holders are no longer required to stake their coins anywhere other than their own individual wallets. With Vulcan, investors can also earn rebased $VUL coins as interest payments, and the supply of circulating coins is distributed automatically every 15 minutes at a 44% APR.
Another significant advantage provided by Vulcan Blockchain’s auto rebasing is that the network’s overall quality is enhanced and its consistency maintained, which is required for long-term success. Essentially, operations are assigned via a specific set of conditions and rules which lets investors get a better idea of both Vulcan Blockchain and their own asset management strategies.
Vulcan also uses a burn mechanism known as the Fire Pit, which continuously reduces the overall supply of $VUL in proportion to the number of transactions on the blockchain. By default, 80% of total transaction fees are sent to the Fire Pit, helping minimize price fluctuations while maintaining sustainability.
Moreover, through Vulcan’s auto-compounding solution, all $VUL investors and holders can potentially grow their own with each epoch. In this way, investors can seamlessly receive regular interest payments via rebased native tokens.
Vulcan flex passive income
FixedFlex, or Vulcan Flex, is another revolutionary passive income concept by Vulcan and consists of two parts within it. To begin, the term ‘Fixed’ in this context refers to the permanent, consistent, and unchangeable 44% APR per year that is distributed directly as rebases.
Furthermore, each $VUL holder receives this simply by keeping $VUL coins in their wallet and auto-staking them. The fixed amount is also automatically distributed to all eligible wallets without the need to claim or lock up the coins.
The term ‘Flex’ in this context refers to 1% of fees collected from all $VUL transactions that are conducted on-chain on a daily basis. These fees are then collected and subsequently distributed for claiming purposes. Vulcan is the first and only blockchain to distribute income generated from transactional gas fees to its native coin holders of $VUL.
In order for a wallet to be deemed eligible, it must hold at least 1 $VUL during each 24-hour period and claim during this timeframe through the Vulcan dApp (it will be forfeited otherwise). Finally, the ‘FlexPool’ reward is reset every day at 23:59 UTC.
What is Vulcan Blockchain?
Spearheaded by Bryan Legend, Vulcan Blockchain is the first of its kind to include layer-1 auto staking, auto rebasing, auto compounding, and fixed flex components. In 2023, staking has become more popular than ever as investors look for reliable and efficient ways to earn additional income.
It is the desire to make staking as easy and effective as possible that led to the formation of the abovementioned core aspects, which all function in harmony so that Vulcan Blockchain can become the go-to platform for all DeFi needs.
For additional information, check out Vulcan’s official website as well as the Medium and Twitter channels.
Disclaimer: This is a paid post and should not be treated as news/advice.