$ZBC Today: Token Economics Update 2024
March 2024
Since its launch in 2022, the $ZBC token, along with the Zebec ecosystem, has undergone significant evolution, witnessing substantial growth. Additionally, the broader blockchain industry, including token governance models and best practices, has seen considerable maturation. These developments, guided by decisions from the $ZBC DAO and Zebec’s investors, have refined $ZBC’s purpose, uses, and tokenomics to better align with Zebec’s business model and the evolving industry standards.
This write up serves as the comprehensive guide to the current state of $ZBC and its tokenomics.
In Summary -
ZBC is primarily a governance token of Zebec and its ecosystem, also offering utility to holders in the form of incentives, discounts, exclusive rewards and lower network fees. ZBC, with its active DAO and engaged community, has experienced and continues its steady growth in value, trading volumes and market capitalization since its original introduction, as a testament to the importance of the company’s visions and its current businesses executing towards it.
Governance -
Members of Zebec DAO participate in shaping the future of the protocol, vote on governance proposals, new business initiatives, treasury management, operational enhancements and setting priorities.
The DAO is operating under a hybrid governance model that merges on-chain and off-chain decision-making. This approach leverages blockchain’s transparency and immutability alongside the adaptability of traditional governance, reflecting a growing trend in the blockchain domain for a more nuanced and flexible governance structure.
The governance process and vote works as follows:
Community members initiate discussions by sharing proposals on Zebec’s platforms, or investors and partners propose ideas for consideration. Off-chain activities such as briefings, discussions, and consultations are compiled into articles and reports, shared through Zebec’s channels and community boards. Proposals gaining significant engagement, after consultation with investors and prominent ZBC holders, proceed to a voting phase. The DAO conducts these votes on-chain [link], with outcomes subsequently published and announced to the broader community.
The governance process is transparent, inclusive and permits sufficient time for substantive evaluation, discussion and consideration.
Zebec’s Business and its Ecosystem -
Zebec is focused on integrating streaming finance technology into real world payroll, financial transactions, investments and beyond. It has grown from the original real-time payments protocol on Solana into a revenue generating business that operates within the compliant frameworks of web3 and fintech, serving both global and US customers as an expansive ecosystem.
Zebec’s current line-up of fintech products includes real-time payroll, a traditional payroll app with built-in web3 features, payment cards and treasury management for Web3 companies. These are designed to bridge the gap between crypto and fiat payments and offer employees flexibility in how they receive their salaries, resulting in a growing on- and off-chain user base.
Introduction of the Nautilus Chain was another important step in the Zebec ecosystem growth. Nautilus Chain is a high-performance, modular blockchain developed to support global payment flows and host a range of pilot and partner projects and dApps, some funded by or incentivized via Zebec Labs — an investment and venture fund of Zebec.
In addition, the recently launched crypto payment card — Zebec Instant Card — available globally and supported by Mastercard and Visa networks, has proven to be a highly successful product line, growing in adoption and revenue. These projects within the Zebec’s ecosystem, are powered by the blockchain-based Zebec’s Payments Infrastructure Network (PIN).
DAO Proposals and Recent Changes -
Over the last 18 months, four proposals (Zip 1–4), generating the most engagement from the community and after consultations with investors and prominent ZBC holders, advanced to voting. Zebec DAO [here]
The most recent governance proposal, Zip-4, aimed at reallocating future protocol and card revenues towards platform growth, was approved in January 2024 with 90.52% of over 200 votes. This marked a strategic shift from the previous approach of buybacks and token burns to earmarking Instant Card revenue for platform and ecosystem expansion.
Before this strategic pivot, Zebec reacquired approximately 300M ZBC from investors in 2023, allocating the majority of these funds to support ecosystem ventures and pilot projects. Additionally, 1.2 million ZBC tokens were burned. The DAO’s treasury movements can be tracked on-chain [here].
This new direction, focusing Zebec card revenue on the platform’s growth and further development of Zebec’s Payment Infrastructure Network (PIN), has begun to yield promising early outcomes. Notably, it has contributed to significant token price appreciation, an increase in market capitalization to over $100 million, and widespread community backing for these business initiatives.
The governance changes and new business activities of Zebec are strategically designed to positively influence token dynamics, contribute to token stability and investor confidence.
Utility and Incentives for ZBC Holders -
In addition to voting rights and influencing the priorities of Zebec business ventures, the $ZBC token unlocks a variety of benefits and incentives, including, but not limited to:
Access to VIP, no-fee premium Zebec products, and reduced fees for the Zebec App’s safe, treasury, and streaming features. For instance, ZBC holders enjoy access to the premium Zebec Instant Card product, such as increased spending limits, as well as priority access to the upcoming reloadable version of the Zebec Instant Card. Moreover, higher spending limits on Zebec Instant come with automatic enrolment into $ZBC Rewards programs with with up to 5% $ZBC back on spending.
Payments and fees markets — $ZBC is seamlessly integrated into our card and payment infrastructure, allowing it to be used for fees on applications built on the Nautilus blockchain. As the Nautilus network experiences congestion, users have the option to tip the sequencer for transaction prioritization, a benefit that extends to those delegating to the sequencer. This system, part of the Payments Infrastructure Network (PIN) and new real-life initiatives, aims to enhance ZBC’s value in the coming months.
Exclusive Airdrops and incentives from partner projects — $ZBC holders qualify for exclusive airdrops from partner projects. In recent weeks the Zebec Card has become a vehicle to provide utility with most popular Solana’s memes coins. Zebec’s contacts to integrate these tokens into Zebec Card are structured in a way that allocates tokens for ZBC holders. Details of most recent blockbuster meme coin airdrops for $ZBG holders can be found here.
Fundraising — Zebec Labs serves as an investment launchpad to nurture, scale and fund developers building products within the Zebec ecosystem. Developers are therefore invited to leverage $ZBC token for fundraising and seek investors willing to invest through $ZBC token.
Additional Utility and Use Cases -
ZBC as gas and bridging fees on Nautilus and Zebec App: Each Nautilus chain transaction burns ZBC, with an anticipated 10M ZBC burn in 2024, enhancing the token’s deflationary aspect. When used as a gas fee to bridge assets into the Nautilus chain, the fee is automatically distributed to validators and a portion automatically burned.
Native Collateral: $ZBC can be used as native asset liquidity or collateral to applications built on the Nautilus blockchain. $ZBC now has a vibrant DeFi ecosystem with projects like Plutus, Coral finance, Poseiswap, etc. poised for significant expansion into DeFi, gaming, and more.
These additional use cases are aimed to keep ZBC deflationary and enable users to adopt the Zebec Payment Infrastructure as a core payments network.
$ZBC on Exchanges -
$ZBC token is currently traded on numerous major CEX and DEX exchanges globally, including on Bybit, OKX, Kucoin, Crypto.com, Huobi, Gate, Bitget, Gemini, Jupiter, to name a few, and has a history of being among top movers.
For example, trading volumes of ZBC have reached nearly $200 million equivalent per day and ZBC was the second-highest traded token on Korea’s Bithumb exchange after its listing in January 2024. New listings on CEX and DEX expected shortly.
2024 and Beyond -
Building on the successes of 2022 and 2023, Zebec is poised to advance its business operations, its products and its ecosystem, solidifying Zebec’s premium position in the ranks of key fintech startups, pioneering cutting-edge payment and payroll solutions for both web2 and web3 economies. Which in its turn further advances market position, stability and value of the ZBC token for holders.
Follow Zebec’s progress via:
Twitter | Discord | Telegram | Website | Zebec Instant
Disclaimer: The content of this article is for informational purposes only and is not intended as investment advice or to provide specific financial guidance. Readers are advised to conduct their own research and consult financial experts before making any investment decisions.
