Vulcan is extremely pleased and takes great pleasure in making their formal announcement regarding the fact that they have successfully been able to make sufficient changes to the tokenomics of their conventional coin, $VUL. There happened to have been a sacrifice period wherein their previous adopters gained immensely from the rebasing at 191.888% APY since the 20th of November, 2022.
According to reliable sources from their stable, this rebasing will continue until the 20th of January, 2023. Following this period, it will be terminated, considering the time for preparedness where the mainnet launch is concerned.
As per the set plan of action, following the launch of Mainnet, it will happen to be FixedFlex which will be in the process of commencement of rebasing at the rate of 44% APR. This incidentally will continue the process until such time MAX Supply has been duly reached.
The entire aim and intention behind this change have been made in order to make absolutely certain that sustainable market progress and long life continues, along with the fact that the capability of selling pressure is maintained.
The changes that have been made, however, are in the following sectors, such as the complete reduction of total supply, which will assist in the building of future maintainable growth and long life. Along with that is the offering of rewards to the early adopters in terms of respecting the 191,888% APY till the 20th of January, 2023.
Another factor would be the holding back of all rebases as of the 20th of January, 2023, up until the very launch of the mainnet. There also happens to be the aspect of FixedFlex 38% Apr, which has now been raised to the level of 44% APR. A matter of better tokenomics and transaction fees is also now prevalent. A final happens to be the assurance that the centralized exchange agreements remain in position on the launching of the mainnet.
