The Launch of ZBC: Utility and Governance Token of Zebec Protocol
Summary
Symbol: $ZBC
Type: Solana SPL Token
Total Supply: 10 billion
Mint Date: March 15, 2022
Purpose: Utility & Governance
Introduction
Zebec Protocol is a Solana-based revolutionary DeFi technology that empowers real-time, frictionless, and continuous streams of payments. The symbol for the Zebec token is ZBC. ZBC token is the governing token for Zebec protocol. It is an SPL token that has a fixed supply of 10 billion. ZBC token has a burn and vesting feature. ZBC tokens will be distributed according to tokenomics.
ZBC token has several key governance and utility functions for its holders and sers of Zebec Protocol.
- Governance Influence — At the launch of Zebec DAO, Zebec holders will each have the ability to vote on all aspects related to the management and administration of Zebecl Protocol, through governance, including governance action, referenda, network upgrades, council elections, and parameter adjustments, integrations, changes to incentives, and all other managerial functions.
2. Staking — After the token is launched, Zebec will introduce staking that will allow ZBC holders to stake ZBC tokens and benefit in various ways.
Staking Zebec Token will allow ZBC token holders to use Zebec products for free.
Staking Zebec Token will allow ZBC token holders to list tokens in Zebec Debit Card.
Developers holding ZBC tokens and building products on top of Zebec will be able to stake ZBC Token to get Tier 1 benefits.
3. Incentive for Developers — Soon, Zebec Protocol will be launching “Zebec Launchpad”, a platform to groom, scale and raise funds for developers building products on top of Zebec Protocol. Developers building products on top of Zebec Protocol will be allowed to raise funds through ZBC token and investors willing to invest in these projects will be allowed to invest with ZBC token.
4. Protocol Revenue, Treasury, and Token Burn — The revenue model for two of Zebec Product Line has been finalized, 0.25% on withdraws/cancel of every transaction in continuous settlement protocol and 0.25% on withdraws in Multisig. Revenue generated from Zebec product lines will go to the treasury. Treasury will be used to recollect tokens and burn to maintain token price.
ZBC Token Utility
The following graph represents the ZBC Token Utility concept.
Token Distribution
The following graph represents the token distribution of the ZBC token.
Community & Rewards: 50%
To express our heartfelt gratitude, we’re giving away the majority of the tokens to our supportive community. We would love for ZBC to be within the community and into projects based on Zebec Protocol. The tokens shall be distributed as below:
Initial Subsidy: 20%
Promotional Reserve: 30%
To encourage users to use Zebec product lines actively, inflationary rewards will be given at the beginning to subsidize and in future bull runs to encourage longer holding periods. Additionally, a staking option will also be introduced to incentivize to purchase and stake zebec up to a certain price threshold and maximize years of service and % discount on monthly payments.
Team & Advisors: 20%
ZBC will spread out amongst team members and advisors for their hard work towards maintaining the network and upgrading as per the governance votes. ZBC tokens held by investors and teams will be vested on a per-second basis for the first six months. The allocations are distributed linearly and have the power to be prevented as per governance votes if the community feels the team is not performing well.
Private Investors: 20.25%
Zebec initially got $6M in the initial seed round to $15M to scale our projects. Thus, at least 20.25% have been separated from private investors as a reflection of our appreciation.
Public Sale: 5.74%
ZBC is going up at less than $200M in fully diluted value with a public token sale in partnership with Republic. There will be at least 170 to 180 tokens. We’re bouncing up the sale to Raydium, Serum, etc as the quarter advances. ZBC tokens allocated for the public will be released instantly at the time of public sale which the public will be able to trade on various exchanges.
Market Making: 4%
4% ZBC token has been allocated for market makers and liquidity providers. This will help facilitate the smooth flow of ZBC tokens by making it easier for investors and traders to buy and sell.
Lockup and Vesting Schedule
The following table displays the lockup period and vesting schedule for the ZBC token.
Initial Unlock Date : September 15,2022
Unlock Schedule: Every first of the month
