With its latest innovative move, Zeebu, a pioneer in blockchain-based telecom settlements, is set to redefine industry standards. The Web3 Payments Protocol proudly announces its third quarterly token burn governed by the ZBU Phoenix Protocol, marking a significant milestone in the evolution of sustainable crypto-economics.
Building on this momentum, Zeebu is poised to take a quantum leap toward further decentralization with the launch of the ZBU Protocol. This promises to redefine the landscape of B2B settlements and cement Zeebu's position as a leader in the Web3 space.
Zeebu has revolutionized the inter-carrier settlement process by leveraging advanced technology to deliver a faster, more secure, and significantly cost-effective settlement solution for telecom carriers and their partners. Since its July 2023 launch, the platform has processed an astounding $3 billion in transactions, showcasing the rapidly growing trust and adoption of Zeebu's seamlessly integrated ecosystem. At the heart of this success lies the ZBU Phoenix Protocol, a pioneering mechanism strengthening tokenomics and driving sustainable growth.
Revolutionizing tokenomics with strategic token burn
The ZBU Phoenix Protocol exemplifies Zeebu's innovative and technologically advanced approach to crypto-economics. The protocol introduces a transformative quarterly token burn process, strategically reducing the total supply of ZBU tokens to mirror the regenerative cycle of the mythical Phoenix—symbolizing rebirth, renewal, and enduring value.
The systematic burning of ZBU tokens used in transactions effectively manages token supply. By ensuring a balanced token economy, the protocol addresses potential challenges in the cryptocurrency ecosystem, preserving the functional value and effectiveness of the ZBU tokens as a settlement medium and positioning Zeebu at the forefront of innovative financial technologies in the telecom sector.
Building on this foundation, the upcoming burn event will see over $1.50 billion in transactions—a remarkable 50% increase from the previous quarter. The burn will significantly reduce the circulating supply of ZBU tokens, reinforcing Zeebu's commitment to value preservation and sustainable growth.
Since its inception, Zeebu has demonstrated exceptional growth through its burn events:
- First Quarterly Burn (February 2024): $714 million processed, 236 million ZBU burned (4.73% of max supply)
- Second Quarterly Burn (May 2024): Over $1 billion processed, 239 million ZBU burned, marking a 46.1% growth in transaction volume
Keshav Pandya, COO and co-founder of Zeebu, commented on this progress: “Each burn event is a milestone in Zeebu's 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.”
Unveiling the advanced liquidity engine: ZBU protocol
Complementing the token burn, Zeebu is proud to announce the upcoming launch of the 'ZBU Protocol', a groundbreaking initiative set to revolutionize B2B settlements by building the industry's largest liquidity protocol. This innovative system introduces a sophisticated liquidity engine designed to optimize transactions and maximize returns for participants.
The ZBU Protocol empowers a diverse range of stakeholders, including Delegators, Deployers, and On-Demand Liquidity Providers (OLPs), with substantial earning potential. Participants can stake ZBU in the VeZBU pool and provide liquidity in Balancer Pools, unlocking access to significant Protocol Rewards. With projections indicating an impressive $14 billion in settlement volume over the next 12 months, the protocol is poised to generate approximately $196 million in rewards for its participants, marking a new era in decentralized finance for the telecom industry.
"With the ZBU Protocol, we're 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 we're excited to see the transformative impact it will have on the industry."
– Raj Brahmbhatt, CEO and founder of Zeebu
Driving the future of DeFi and payments
Zeebu's dual initiatives — the ZBU Phoenix Protocol and the ZBU Protocol - are set to redefine the standards of decentralized finance, payments, and B2B settlements. These pioneering protocols are designed to evolve symbiotically, driving liquidity, settlement efficiency, and decentralization, while forming a robust trust network essential for future growth and stability in the DeFi ecosystem
"The convergence of ZBU Phoenix Protocol and ZBU Protocol marks a significant 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 empower every participant to contribute and thrive. Together, we're creating a brighter financial future for all."
– Keshav Pandya, COO and Co-founder of Zeebu.
You can learn more about Zeebu and ZBU Protocol by reading our Whitepaper, available here or by visiting their website: Zeebu.com