Rebasing
Last updated
Last updated
Vitruveo stands out as the world's only blockchain to integrate rebasing directly into its core, unlike other protocols that rely on Smart Contracts for this functionality. At its essence, rebasing in Vitruveo can be likened to compound interest, but with a unique twist to avoid the pitfalls of inflation.
Built-In Rebasing Mechanism: Unlike traditional methods where rebasing is implemented through Smart Contracts, Vitruveo incorporates it as a fundamental part of the protocol, enhancing performance and integration.
Epoch-Based Adjustment: Vitruveo operates on a 5-second block time, with each epoch spanning 17,280 blocks or 24 hours. The system sets an initial transaction goal for each epoch (starting at 10,000 transactions) and adjusts the rebase based on this goal, with a flexibility of +/- 25%.
Rebase Calculation: If the transaction volume meets the epoch's goal within the defined variability range, the value of $VTRU (Vitruveo's native coin) adjusts by a factor of 1.00087671 (also subject to a +/- 25% variability). This adjustment impacts all $VTRU, whether stored in Smart Contracts or Externally Owned Accounts.
Progressive Challenge: To maintain ecosystem vitality, the transaction goal for each epoch incrementally increases by 500, encouraging sustained performance and growth.
Cap and Duration of Rebasing: This rebasing feature is designed to halt once the circulating supply of $VTRU hits 250 million. Additionally, it's expected to be operational for the initial 5-7 years of the protocol, conceptualized as "Early Adopter Rewards." This system offers a form of passive income to all $VTRU holders during this phase.
