Zeebu Reveals Third Quarterly Burn and Intends to Introduce ZBU Protocol to Transform B2B Settlements
Zeebu, a top Web3 payment platform for the telecom sector, is excited to announce its next quarterly token burn event, governed by the ZBU Phoenix Protocol and its ground-breaking ZBU Protocol. This ground-breaking step establishes a new precedent in the DeFi sector. This is an attempt to transform the DeFi payments market completely.
The third quarterly token burn is slated for August 2, 2024. Its goal is to drastically reduce the number of ZBU tokens in circulation, demonstrating Zeebus dedication to upholding value, guaranteeing sustainable growth, and establishing a new benchmark in crypto-economics.
Utilizing cutting-edge blockchain technology, Zeebu makes telecom settlements faster, more secure, and substantially less expensive for telecom carriers and their partners. The network uses smart contracts to automate and expedite transactions, guaranteeing accuracy and transparency while cutting expenses. The platform is carefully designed to enable smooth integration for telecom businesses without requiring significant development work.
Since its introduction in July 2023, Zeebu has handled an astounding $3 billion in transactions, 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 boosts its tokenomics and promotes sustainable ecosystem growth. Zeebus introduction of the ZBU Protocol is another step toward more decentralization.
ZBU Phoenix Protocol: Crypto Economics New Standard
Every quarter, the ZBU Phoenix Protocol deliberately reduces a sizeable fraction of the total supply, introducing a revolutionary approach to cryptocurrency economics. This novel procedure represents rebirth, rejuvenation, and lasting worth by mimicking the regenerative cycle of the legendary Phoenix.
Fundamentally, the protocol carries out a methodical burn process for ZBU tokens utilized in trades. By efficiently controlling the token supply, this procedure preserves ZBUs usefulness as a settlement medium for the telecom sector. The Phoenix Protocol takes care of possible issues in the cryptocurrency ecosystem by ensuring that the token economy is balanced.
This strategy demonstrates Zeebus dedication to a blockchain-based settlement system that is both efficient and sustainable. In addition to maintaining ZBUs functional worth, the ZBU Phoenix Protocol places Zeebu at the forefront of cutting-edge financial technology in the telecom industry.
Zeebu executed its first-ever quarterly burn in February 2024, handling $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 processed over $1 billion in transactions, burning 239 million ZBUa phenomenal 46.1% increase in transaction volume.
An estimated $1.50 billion in transactions are expected to be processed during the third quarterly burn in August 2024, a noteworthy event for the Zeebu ecosystem and representing a 50% growth from the previous quarter.
Reflecting on this growth, Keshav Pandya, COO and co-founder of Zeebu, commented: Each burn event is a milestone in Zeebus evolution. The consistent growth in transaction volume and the amount of tokens burned demonstrate the increasing utility and trust in our platform. Our innovative approach ensures a stable and reliable presence for ZBU, safeguarding its effectiveness and fostering long-term growth.
Zeebu is taking another step toward decentralization with the launch of the ZBU Protocol, an inventive project intended to transform decentralized finance (DeFi) and the burn event.
Zeebu Is Going to Introduce the ZBU Protocol, Which Could Open Up $196 Million in Benefits for B2B Settlements
Zeebu is pleased to announce the impending introduction of the ZBU Protocol, which is expected to grow into the largest liquidity protocol for B2B settlements, furthering its dedication to decentralization. This novel protocol offers significant annual percentage yields (APY) through Protocol Rewards, empowering a range of stakeholders from Delegators and Deployers to On-Demand Liquidity Providers (OLPs).
Key aspects of the ZBU Protocol promise to transform business-to-business settlements. Upon launch, participants can unlock access to major Protocol Rewards by staking ZBU in the VeZBU pool and providing liquidity in Balancer Pools.
A $14 billion settlement volume is anticipated over the next year, meaning that participants can expect Protocol Rewards of about $196 million.
Adding to this, Raj Brahmbhatt, CEO and founder of Zeebu, stated, With the ZBU Protocol, were unlocking the full potential of DeFi, supporting larger-use cases and real-world applications that will bring tangible value to institutions, businesses, and individuals alike. This milestone marks a significant step forward in our mission to bridge the gap between traditional finance and decentralized innovation, and were excited to see the transformative impact it will have on the industry.
The ZBU Phoenix Protocol and ZBU Protocol are intended to coexist and grow together, promoting decentralization, efficiency in settlement, liquidity, and the formation of a strong trust network necessary for long-term stability and expansion.
Text source: ZyCrypto
