Vitruveo launches world’s first automatic rebase protocol
January 18, 2024 / Tortola, British Virgin Islands: Vitruveo is not just a blockchain platform. It is a dedicated blockchain for creators that uses EVM-based protocols as the basis for building a decentralized ecosystem. Focused on empowering creators across diverse sectors, Vitruveo aims to create sustainable income for visual artists, musicians, gamers, filmmakers, and more by fostering trust, leveraging technology, and building vibrant communities. .
What sets Vitruveo apart is its groundbreaking rebase mechanism. Unlike other protocols that implement rebase through smart contracts, Vitruveo has integrated rebase directly into the core protocol. This innovative approach hedges against inflation risk and provides a sustainable model for long-term growth.
Simply put, Vitruveo’s rebase can be likened to “compound interest”. However, to avoid the pitfalls of inflationary cryptocurrencies, Vitruveo ingeniously tied rebases to epoch-based volume.
Vitruveo’s block time is 5 seconds, and each epoch consists of 17,280 blocks, equivalent to 24 hours. The protocol sets a trading target for each epoch, and once achieved with +/-25% volatility, all holders of $VTRU (the base coin) will experience an automatic increase of 1.00087671.
To ensure continuous performance, Vitruveo gradually increases the trading target by 500 every epoch. The rebasing mechanism will continue until circulating supply reaches $VTRU of $250 million, giving users a unique opportunity for “early adopter rewards”, a form of passive income for $VTRU holders for the first 5-7 years. provides.
The automatic rebase feature is seamlessly integrated into the protocol, providing a performant and user-friendly experience. Cryptocurrency wallets like MetaMask reflect increased balances in real time during rebase events.
$VTRU, the native cryptocurrency of the Vitruveo blockchain, plays a central role in the functioning of the platform. This is used to pay for all transactions and acts as gas for a small fee. Additionally, all sales transactions on Vitruveo are conducted using $VTRU, ensuring a streamlined process for artists to be paid in $VTRU directly from the platform’s vaults.
Vitruveo’s unique utility-centric approach, combined with its automatic rebase protocol, positions it as a leader in the DeFi space. As the first blockchain to implement these innovative mechanisms, Vitruveo plans to redefine the dynamics of decentralized finance and create a sustainable ecosystem for creators across diverse domains.
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About Vitrubeo
Vitrubeo A vertically integrated ecosystem for creators based on trust, technology, and community. Build a decentralized ecosystem using EVM-based protocols. Powered by blockchain technology, Vitruveo offers a stack of dApps, learning materials, workshops, events, marketing support, and more, giving creators and professional arts organizations a unique competitive advantage when onboarding them to Web3. Vitruveo’s core protocol has rebase built-in, making it the world’s first automatic rebase protocol, ensuring long-term sustainability and passive income opportunities for creators and investors.
Media Contact:
Company Name: VTRU (BVI) PTE LTD
Email: (email protected)
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