DeFi
Zeebu Announces Third Quarterly Report, Plans to Launch “ZBU Protocol” to Revolutionize B2B Payments
In a revolutionary move that sets a new precedent in the DeFi sector, Zeebu, a leading Web3 payment platform for the telecom industry, is excited to announce its upcoming quarterly token burn event, powered by the ZBU Phoenix Protocol and its innovative “ZBU Protocol.” It is set to revolutionize the DeFi payments landscape.
Scheduled for August 2, 2024This event marks the third quarterly token burn and is designed to significantly reduce the circulating supply of ZBU tokens, reinforcing Zeebu’s commitment to maintaining value, ensuring sustainable growth, and setting a new standard in crypto economics.
Zeebu uses advanced blockchain technology to make telecom settlements faster, more secure, and significantly cheaper for telecom operators and their partners. The network uses smart contracts to automate and streamline transactions, ensuring accuracy and transparency, and reducing operational costs. The platform is meticulously designed to enable telecom companies to integrate seamlessly without significant development effort.
Since its launch in July 2023, Zeebu has processed an impressive $3 billion in transactions, demonstrating the growing trust and adoption of the Zeebu platform and ZBU tokens by telecom operators. The ZBU Phoenix Protocol plays a crucial role in this success by strengthening its tokenomics and fostering sustainable ecosystem growth. Zeebu is also taking another step towards greater decentralization with the launch of the ZBU Protocol.
ZBU’s Phoenix Protocol: Setting a New Standard in Crypto Economics
ZBU’s Phoenix Protocol introduces a transformative approach to the cryptocurrency economy, strategically reducing a significant portion of the total supply each quarter. This innovative process mirrors the regeneration cycle of the mythical Phoenix, symbolizing rebirth, renewal, and lasting value.
At its core, the protocol implements a systematic burning mechanism for ZBU tokens used in transactions. This process efficiently manages the token supply, preserving the effectiveness of ZBU as a means of settlement in the telecommunications sector. By ensuring a balanced token economy, the Phoenix Protocol addresses potential challenges in the cryptocurrency ecosystem.
Zeebu’s commitment to a sustainable and efficient blockchain-based settlement system is exemplified by this approach. ZBU’s Phoenix Protocol not only preserves the functional value of ZBU, but also positions Zeebu at the forefront of innovative financial technologies in the telecommunications sector.
In February 2024, Zeebu conducted its first quarterly burn, processing $714 million in transactions and burning 236 million ZBU, which represented 4.73% of the maximum supply. The second quarterly burn in May 2024 saw a substantial increase, with Zeebu processing over $1 billion in transactions and burning 239 million ZBU, marking a remarkable 46.1% growth in transaction volume.
The third quarter of August 2024 is a significant event for the Zeebu ecosystem, which is expected to process over $1.50 billion in transactions, an increase of approximately 50% over the previous quarter.
Reflecting on this growth, Keshav Pandya, COO and Co-Founder of Zeebu, commented, “Each burn event is a milestone in the evolution of Zeebu. The consistent growth in transaction volume and number of tokens burned demonstrates the growing utility and trust in our platform. Our innovative approach ensures a stable and reliable presence for ZBU, preserving its efficiency and enabling long-term growth.”
In addition to the burn event, Zeebu is taking another step towards greater decentralization with the launch of the ZBU protocol, an innovative initiative designed to revolutionize decentralized finance (DeFi).
Zeebu Plans to Launch ‘ZBU Protocol’: Unlocking $196 Million in Potential Rewards for B2B Settlements
Building on its commitment to decentralization, Zeebu proudly announces the upcoming launch of the ZBU protocol, poised to become the largest liquidity protocol for B2B settlements. This innovative protocol enables various stakeholders – from delegators and deployers to on-demand liquidity providers (OLPs) – to deliver substantial annual percentage yields (APY) through protocol rewards.
The ZBU protocol introduces key features that promise to revolutionize B2B settlements. Participants can stake ZBU in the VeZBU pool and provide liquidity in balancing pools upon launch, unlocking access to significant protocol rewards.
With an expected settlement volume of $14 billion over the next 12 months, participants can expect protocol rewards totaling approximately $196 million.
Raj Brahmbhatt, CEO and Founder of Zeebu, added: “With the ZBU protocol, we are harnessing the full potential of DeFi, supporting broader use cases and real-world applications that will bring tangible value to institutions, enterprises, and individuals. This milestone marks a significant advancement in our mission to bridge the gap between traditional finance and decentralized innovation, and we are excited to see the transformative impact it will have on the industry.”
The ZBU Phoenix Protocol and ZBU Protocol are designed to evolve symbiotically, promoting liquidity, settlement efficiency, and decentralization, forming a robust trusted network essential to future growth and stability.
“The convergence of ZBU Phoenix Protocol and ZBU Protocol marks an important milestone in our journey to build a robust and vibrant ecosystem. Our community is the backbone of our success and our protocols are designed to enable every participant to contribute and thrive. Together, we are creating a brighter financial future for all.” – Keshav Pandya, COO and Co-Founder of Zeebu.
About Zeebu
Zeebu is a cutting-edge payment and settlement platform designed for the telecom operator industry, leveraging blockchain technology to enable integrated financial solutions.
By creating a decentralized and transparent ecosystem for voice traffic exchange, Zeebu addresses the traditional challenges of inefficiency, opacity and trust issues in the wholesale telecom voice industry.
With its fast settlement times, elimination of middlemen and loyalty token rewards, Zeebu sets new standards for efficiency, cost-effectiveness and transparency in telecom settlements.
You can learn more about Zeebu by reading our white paper, available here.
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