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In a groundbreaking transfer that units a brand new precedent within the DeFi sector, Zeebu, a number one Web3 fee platform for the telecom trade, is thrilled to announce its upcoming quarterly token burn occasion, ruled by the ZBU Phoenix Protocol and its progressive ‘ZBU Protocol’. That is in a bid to revolutionize the DeFi funds panorama.
Scheduled for August 2, 2024, this occasion marks the third quarterly token burn and is designed to considerably cut back the circulating provide of ZBU tokens, reinforcing Zeebu’s dedication to sustaining worth, guaranteeing sustainable progress, and setting a brand new commonplace in crypto-economics.
Zeebu makes use of superior blockchain know-how to make telecom settlements sooner, safer, and considerably cheaper for telecom carriers and their companions. The community employs sensible contracts to automate and streamline transactions, guaranteeing accuracy and transparency, and lowering operational prices. The platform is meticulously constructed to permit telecom corporations to combine seamlessly with out in depth improvement effort.
Since its launch in July 2023, Zeebu has processed a formidable $3 billion in transactions, demonstrating the rising belief and adoption of the Zeebu platform and ZBU tokens by telecom carriers. The ZBU Phoenix Protocol performs an important function on this success by strengthening its tokenomics and driving sustainable ecosystem progress. Zeebu can be taking its subsequent step in the direction of additional decentralization with the launch of the ZBU Protocol.
ZBU Phoenix Protocol: Setting a New Normal in Crypto Economics
The ZBU Phoenix Protocol introduces a transformative strategy to cryptocurrency economics, strategically lowering a good portion of the overall provide each quarter. This progressive course of mirrors the regenerative cycle of the legendary Phoenix, symbolizing rebirth, renewal, and enduring worth.
At its core, the protocol implements a scientific burning mechanism for ZBU tokens utilized in transactions. This course of successfully manages token provide, sustaining ZBU’s efficacy as a settlement medium within the telecom trade. By guaranteeing a balanced token economic system, the Phoenix Protocol addresses potential challenges within the cryptocurrency ecosystem.
Zeebu’s dedication to a sustainable and environment friendly blockchain-based settlement system is exemplified by this strategy. The ZBU Phoenix Protocol not solely preserves the useful worth of ZBU but additionally positions Zeebu on the forefront of progressive monetary applied sciences within the telecom sector.
In February 2024, Zeebu carried out its first quarterly burn, processing $714 million in transactions and burning 236 million ZBU which represented 4.73% of the utmost provide. The second quarterly burn in Might 2024 noticed a considerable improve, with Zeebu processing over $1 billion in transactions and burning 239 million ZBU, marking a outstanding 46.1% progress in transaction quantity.
The third quarterly burn in August 2024 is a major occasion for the Zeebu ecosystem, projected to course of over $1.50 billion in transactions—an approximate 50% improve from the earlier quarter.
Reflecting on this progress, Keshav Pandya, COO and co-founder of Zeebu, commented: “Every burn occasion is a milestone in Zeebu’s evolution. The constant progress in transaction quantity and the quantity of tokens burned reveal the rising utility and belief in our platform. Our progressive strategy ensures a secure and dependable presence for ZBU, safeguarding its effectiveness and fostering long-term progress.”
Along with the burn occasion, Zeebu is taking its subsequent step in the direction of additional decentralization with the launch of the ZBU Protocol, an progressive initiative designed to revolutionize decentralized finance (DeFi).
Zeebu Plans to Launch the ‘ZBU Protocol’: Unlocking $196M in Potential Rewards for B2B Settlements
Constructing on its dedication to decentralization, Zeebu proudly declares the upcoming launch of the ZBU Protocol, poised to grow to be the biggest liquidity protocol for B2B settlements. This progressive protocol empowers various stakeholders – from Delegators and Deployers to On-Demand Liquidity Suppliers (OLPs) – by providing substantial annual proportion yields (APY) by Protocol Rewards.
The ZBU Protocol introduces key options that promise to revolutionize B2B settlements. Contributors can stake ZBU within the VeZBU pool and supply liquidity in Balancer Swimming pools upon launch, unlocking entry to vital Protocol Rewards.
With a projected settlement quantity of $14 billion over the subsequent 12 months, contributors can anticipate Protocol Rewards totaling roughly $196 million.
Including to this, Raj Brahmbhatt, CEO and founding father of Zeebu, said, “With the ZBU Protocol, we’re unlocking the total potential of DeFi, supporting larger-use instances and real-world functions that may carry tangible worth to establishments, companies, and people alike. This milestone marks a major step ahead in our mission to bridge the hole between conventional finance and decentralized innovation, and we’re excited to see the transformative affect it can have on the trade.”
The ZBU Phoenix Protocol and ZBU Protocol are designed to evolve symbiotically, driving liquidity, settlement effectivity, and decentralization, forming a strong belief community important for future progress and stability.
“The convergence of ZBU Phoenix Protocol and ZBU Protocol marks a major milestone in our journey to construct a strong and vibrant ecosystem. Our neighborhood is the spine of our success, and our protocols are designed to empower each participant to contribute and thrive. Collectively, we’re making a brighter monetary future for all.” – Keshav Pandya, COO and Co-founder of Zeebu.
About Zeebu
Zeebu is a cutting-edge funds and settlement platform designed for the telecom provider trade, leveraging blockchain know-how to allow built-in finance options.
By making a decentralized and clear ecosystem for voice site visitors change, Zeebu addresses the normal challenges of inefficiencies, opaqueness, and belief points within the telecom wholesale voice trade.
With its fast settlement occasions, elimination of intermediaries, and loyalty token rewards, Zeebu is setting new requirements for effectivity, cost-effectiveness, and transparency in telecom settlements.You’ll be able to study extra about Zeebu by studying our Whitepaper, obtainable right here.
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