Vulcan Protocol Ecosystem
Last updated
Last updated
Vulcan Heroes contribute to the creation of high-quality data sets in exchange for Vulcan tokens.
Direct reward, Vulcan Heroes receive 50% of all Vulcan tokens.
For direct reward, Vulcan Heroes can either swap their Vulcan token for fiat or preserve them as an investable asset.
Long-term reward, another 50% of tokens will be held in the "Vulcan Provident Fund Vault". Tokens will be locked for one year to ensure Vulcan Heroes' long-term sustainability. After one year, the tokens will be released in a gradual and linear fashion over the course of 52 weeks.
Customers of Vulcan (both B2B and B2C) can redeem Vulcan tokens or fiat for Vulcan's products and services.
If fiat money is used, it will be stored in a "Fiat Reserve Vault."
If Vulcan token is used, it will be stored in the "Vulcan Reserve Vault."
The Fiat Reserve Vault’s funds will be used for two purposes. First, to buy Vulcan tokens via a cryptocurrency exchange and deposit them in the "Vulcan Reserve Vault."
Second, to fund Vulcan Etna Lab, a research and development facility (R&D) for artificial intelligence and learning and development facility (L&D), in order to maximize the potential of Vulcan Heroes.
These Vulcan tokens in Vulcan Reserve Vault will be burned on an intermittent basis in order to deplete the Vulcan token supply.