In a groundbreaking move that sets a new precedent in the DeFi sector, Zeebu, a leading Web3 payment platform for the telecom industry, is thrilled to announce its upcoming quarterly token burn event, governed by the ZBU Phoenix Protocol and its innovative ‘ZBU Protocol’.
Scheduled for August 2, 2024, this 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 carriers and their partners. The network employs smart contracts to automate and streamline transactions, ensuring accuracy and transparency, and reducing operational costs. The platform is meticulously built to allow telecom companies to integrate seamlessly without extensive 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 carriers. The ZBU Phoenix Protocol plays a crucial role in this success by strengthening its tokenomics and driving sustainable ecosystem growth. Zeebu is also taking its next step towards further decentralization with the launch of the ZBU Protocol.