Zeebu, an all-in-one blockchain-based platform tailor-made for telecom settlements, is elated to announce the recent introduction of the ZBU Phoenix Protocol.
The ZBU Phoenix Protocol is meticulously crafted to strengthen the ZBU ecosystem. ZBU Phoenix comes into play to optimize the token supply, ZBU token. This initiative underscores Zeebu’s commitment to building an ecosystem that fosters transparency and sustainability. Inspired by the symbolic cycle of rebirth and renewal associated with the Phoenix, the protocol will see to the rebirth of the Zeebu ecosystem giving it a better footing in the financial market.
As the Web3 Neobank, Zeebu was built to empower the telecom ecosystem. The team behind the project works to revolutionize telecom transactions by enabling automated settlements, seamless and efficient global payments to create a unified telecom payment ecosystem.
At the core of the project is the ZBU token designed to enable smooth global transactions while introducing an on-chain loyalty mechanism. Notably, the introduction of the ZBU Phoenix Protocol reaffirms Zeebu’s dedication to enhancing the long-term value of the ZBU token in the market. So far, the ZBU loyalty toke serves as a rewarding tool to incentivize partners for their active participation within the Zeebu ecosystem.
Zeebu’s ZBU Token Burn Program is designed to methodically reduce the total supply of ZBU tokens. The move is aimed at enhancing market stability and creating a strong foundation for the Zeebu ecosystem. This burn program employs an auto-burn mechanism allowing Zeebu to dynamically adjust the burn quantity. Reportedly, this will be based on consumption patterns and market prices to enhance a balanced approach to token management.
While commenting on the Protocol, Raj Brahmbhatt, the CEO and Founder of Zeebu stated:
“The ZBU Token Burn Program reflects our commitment to innovation and sustainability in the decentralized finance space. By implementing this initiative, we aim to ensure a stable market presence of $ZBU token, while also promoting ecosystem growth.”
In support of its ethos on transparency and accountability, each burning event will meticulously be recorded and publicly accessible on the blockchain giving stakeholders full access to the entire process. Notably, Zeebu plans to use a portion of the tokens from the accumulated burning pool for new initiatives within its ecosystem.
Zeebu plans to release more details on the timelines and quantity for the ZBU token burn program in the coming days. For more information visit the Zeebu website.
