On the 18th of January 2024, a revolutionary stride was made in the blockchain industry. This leap forward came in the form of Vitruveo, a blockchain platform that is much more than meets the eye. Vitruveo is a unique Blockchain for Creators, established on an EVM-based protocol. It is a platform that aims to empower creators across various fields, providing a sustainable income for visual artists, musicians, gamers, filmmakers, and more. It achieves this by building trust, leveraging technology, and nurturing a vibrant community.
Groundbreaking Rebasing Mechanism
What sets Vitruveo apart from other blockchain platforms is its innovative rebasing mechanism. Unlike traditional protocols that use smart contracts for rebasing, Vitruveo has ingeniously integrated rebasing directly into its core protocol. This auto-rebasing protocol mitigates the risk of inflation, paving the way for a sustainable model for long-term growth. In layman’s terms, Vitruveo’s rebasing can be compared to compound interest.
To circumvent the pitfalls of inflationary cryptocurrencies, Vitruveo has cleverly linked rebases to epoch-based transaction volume. With a block time of 5 seconds and each epoch comprising 17,280 blocks (equivalent to 24 hours), the protocol sets a transaction goal for each epoch. If this goal is achieved with a +/-25% variability, all holders of $VTRU (Vitruveo’s native coin) experience an automatic increase of 1.00087671. The transaction goal is incrementally increased by 500 with each epoch, continuing until the circulating supply reaches 250 million $VTRU.
Benefits for Early Adopters
This mechanism provides a unique opportunity for Early Adopter Rewards. This essentially translates into a form of passive income for $VTRU holders during the first 5-7 years. The auto-rebasing protocol is seamlessly integrated into the system, offering a high-performance and user-friendly experience. Crypto Wallets such as MetaMask will reflect the increased balance in real-time during a rebase event.
$VTRU, the native cryptocurrency of Vitruveo’s blockchain, is central to the platform’s functionality. It is used to pay for every transaction, acting as gas with a nominal fee. Moreover, all sales transactions on Vitruveo are conducted using $VTRU, ensuring a streamlined process where artists are paid in $VTRU directly from the platform’s treasury.
Revolutionizing the DeFi Space
Vitruveo’s unique utility-driven approach, combined with the auto-rebasing protocol, places it as a frontrunner in the DeFi space. As the first blockchain to implement such a revolutionary mechanism, Vitruveo is set to redefine the dynamics of decentralized finance and create a sustainable ecosystem for creators across various domains.
Those interested in keeping a close eye on the evolution of Vitruveo and its pioneering auto-rebasing protocol can do so through platforms like cryptoview.io, a comprehensive application for tracking and managing crypto assets.
Explore Vitruveo on cryptoview.io
About Vitruveo: Vitruveo is a vertically integrated ecosystem for Creators, founded on the principles of trust, technology, and community. It employs an EVM-based protocol to establish a decentralized ecosystem. With blockchain technology at the foundation, Vitruveo offers dApps, learning materials, workshops, events, marketing help and more in its stack, giving it a unique competitive advantage when onboarding creators and professional art organizations to Web3. Vitruveo’s core protocol has rebasing built-in, making it the world’s first auto-rebasing protocol, ensuring long-term sustainability and passive income opportunities for creators and investors.
