- Zeebu, a leading Web3 payment platform for the telecom industry, is pleased to announce the date of its upcoming quarterly token burn event, which will be regulated by the groundbreaking “ZBU Protocol” and “ZBU Phoenix Protocol.”
- This is a revolutionary move that creates a new standard for the DeFi industry. This is an effort to revolutionize the DeFi payments industry in its entirety.
On August 2, 2024, the third quarterly token burn is scheduled to occur. Its goal is to drastically cut the amount of ZBU tokens in circulation, demonstrating Zeebu’s dedication to upholding value, guaranteeing sustainable growth, and establishing a new benchmark in the field of crypto-economics.
Zeebu uses state-of-the-art blockchain technology to make telecom settlements faster, more secure, and significantly less expensive for telecom carriers and their partners. The network uses smart contracts to speed up and automate transactions, ensuring accuracy and transparency while reducing costs. The platform is thoughtfully built to facilitate seamless integration for telecom companies without necessitating a large amount of development work.
Zeebu has handled an astounding $3 billion in transactions since its introduction in July 2023, indicating the growing confidence and uptake of the Zeebu platform and ZBU tokens by telecom providers. This achievement is mostly due to the ZBU Phoenix Protocol, which is boosting its tokenomics and promoting sustainable ecosystem growth. Another move toward greater decentralization is Zeebu’s creation of the ZBU Protocol.
ZBU Phoenix Protocol: Crypto Economics’ New Standard
The ZBU Phoenix Protocol introduces a unique approach to cryptocurrency economics by purposefully reducing a significant portion of the overall supply every quarter. This new process, which is modeled after the regeneration cycle of the mythical Phoenix, symbolizes renewal, rebirth, and enduring value.
Essentially, ZBU tokens used in trades undergo a systematic burn process carried out by the protocol. ZBU’s value as a settlement medium for the telecom sector is maintained by this procedure, which efficiently controls the token supply. The Phoenix Protocol ensures that the token economy is balanced, which addresses any problems in the cryptocurrency ecosystem.
Zeebu’s commitment to a blockchain-based settlement system that is effective and long-lasting is demonstrated by this tactic. Apart from preserving ZBU’s operational value, the ZBU Phoenix Protocol positions Zeebu as a leader in innovative finance technology within the telecommunications sector.
In February 2024, Zeebu carried out its inaugural quarterly burn, processing $714 million in transactions and burning 236 million ZBU, or 4.73% of the total supply. During the second quarterly burn in May 2024, Zeebu handled over $1 billion in transactions, burning 239 million ZBU—a remarkable 46.1% rise in transaction volume.
An estimated $1.50 billion worth of transactions are expected to be handled during the third quarterly burn in August 2024, a 50% increase over the previous quarter and an important milestone for the Zeebu ecosystem.
Together with the burn event, Zeebu is moving closer to decentralization with the introduction of the ZBU Protocol, an innovative project meant to revolutionize decentralized finance (DeFi).
Zeebu Is Going to Introduce the “ZBU Protocol,” Which Could Open Up $196 Million in Benefits for B2B Settlements
Zeebu is pleased to announce that the ZBU Protocol will soon be launched. This will further Zeebu’s dedication to decentralization and, with any luck, make it the best liquidity protocol for B2B settlements. Through Protocol Rewards, this innovative protocol provides noteworthy annual percentage yields (APY), enabling a variety of stakeholders, including Delegators, Deployers, and On-Demand Liquidity Providers (OLPs).
The ZBU Protocol holds great potential to revolutionize business-to-business settlements. Upon platform launch, users can earn substantial Protocol Rewards by staking ZBU in the VeZBU pool and providing liquidity to Balancer Pools.
Over the course of the upcoming year, a $14 billion settlement volume is projected, which means that participants can anticipate receiving Protocol Rewards of almost $196 million.
The ZBU Phoenix Protocol and ZBU Protocol are meant to coexist and develop alongside one another, encouraging decentralization, settlement efficiency, liquidity, and the establishment of a robust trust network—all of which are essential for long-term stability and growth.
Concerning Zeebu
Using blockchain technology, Zeebu is a state-of-the-art payments and settlement platform created specifically for the telecom carrier sector, enabling integrated financial solutions.
Zeebu solves the long-standing problems of inefficiency, opaqueness, and trust difficulties in the telecom wholesale speech market by building a decentralized and open environment for voice traffic exchange.
Zeebu is raising the bar for efficiency, economy, and openness in telecom payments with its quick settlement timeframes, removal of middlemen, and loyalty token benefits.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
