Dear Zeebu Community,
We are excited to announce the completion of Zeebu’s fourth quarterly ZBU burn event under our ZBU Phoenix Protocol, marking another significant step toward building a sustainable and balanced token economy. This burn event permanently removes 251,695,770 ZBU tokens from circulation, reinforcing ZBU’s effectiveness as the preferred settlement medium within our decentralized B2B settlement ecosystem and liquidity protocol.
The Phoenix Protocol at Zeebu is designed to ensure transparency and fairness, executing quarterly burns based on our platform’s settlement volume and token consumption. Each burn event reduces the overall supply of ZBU tokens, aiming to foster long-term growth and maintain the health of the Zeebu ecosystem.
Details of the Fourth Quarterly Burn
Here are the specifics of this quarter’s burn:
- ZBU Burned: 251,695,770.74
- Initial Total Supply: 5,000,000,000
- Total Supply after 1st Burn: 4,761,874,012
- Total Supply after 2nd Burn: 4,522,138,567
- Total Supply after 3rd Burn: 4,200,840,584
- Total Supply after 4th Burn: 3,949,144,813.26
- Time of Burn: November 3, 2024, 11:58:47 AM UTC
- Transaction ID: View on Etherscan
This latest burn event represents a reduction of over $1.1 billion USD worth of ZBU tokens at the time of burn, furthering our mission to create a balanced token ecosystem.
Zeebu's Impact and Future Vision
The fourth quarterly burn underscores Zeebu’s commitment to maintaining a balanced token economy while solidifying our position as a trusted settlement platform. With over $4.4 billion in settlement volume processed to date and an expanding user base of over 135 active institutions, Zeebu is rapidly becoming a critical player in the decentralized finance and telecom space for B2B transactions.
As we move forward, our focus remains on advancing the capabilities of the ZBU Protocol and driving further adoption within the ecosystem. The upcoming ZBU Airdrop is a part of this mission, aiming to empower the community and expand participation in the decentralized liquidity engine we’re building.
Looking Ahead: Join the Movement with #empowertheprotocol
The next quarterly burn is scheduled for February, 2025. We encourage our community members to stay engaged and participate in our journey towards creating a decentralized B2B settlement network.
Additionally, the ZBU Airdrop is live! With 60 million ZBU pool, this event provides early backers and supporters with exclusive opportunities to be part of our vision. Don’t miss out on this chance to contribute to the Zeebu Protocol and earn rewards as we build toward our goal of $14 billion in transaction volume in next 12 months powered by a decentralized, distributed, and liquidity-optimized payment ecosystem.
For more details on how to participate in the airdrop, and to stay informed about future burns and ecosystem updates, follow us on our blog and social media channels.
Thank you for your continued support as we #empowertheprotocol and redefine the future of global settlements.