Zeebu

<p>Zeebu is pleased to announce the upcoming ZBU Token Burn Event, scheduled to take place on 2nd August 2024, marking the third quarterly ZBU token burn event. Today, as we celebrate our upcoming token burn, the platform has settled over $3.3 Billion in settlement volume.The quarterly burn is an integral part of our strategy to ensure the continuous effectiveness of ZBU as a trusted means of payment within the Zeebu ecosystem. This event brings an innovative update to our tokenomics governed by the ZBU Phoenix Protocol.</p><h2 id="header-0"><strong>Our Unique Approach to Tokenomics</strong></h2><p>At the heart of our ecosystem is our native token $ZBU, the currency for conducting transactions within our platform. To ensure its continued effectiveness, we’re implementing a revolutionary token burn mechanism — The ZBU Phoenix Protocol. The Protocol automates the token burn process through a systematic and transparent approach. Here&#39;s a breakdown:</p><h3 id="strong-em-formula-for-quarterly-consumption-and-closing-day-price-of-zbu-token-em-strong"><strong><em>Formula for Quarterly Consumption and Closing Day Price of ZBU Token</em></strong></h3><p>The protocol adjusts the quantity of tokens to be burned each quarter based on the total quarterly consumption and the closing day token price. This ensures fairness and transparency in managing the token supply.</p><h2 id="header-1"><strong>Why This Matters</strong></h2><p>This event signifies our dedication to a thriving token ecosystem by ensuring tokens are removed from circulation upon serving their utility within the platform. This fosters a balanced flow, promoting the continued growth and efficiency of the Zeebu ecosystem.</p><p>The ZBU Phoenix Burning Mechanism is designed to ensure transparency and fairness in the token burning process. By using the formula above, the platform regularly adjusts the burn rate to align with market conditions and maintain stability.</p><h2 id="header-2"><strong>Our Previous Token Burns</strong></h2><h3 id="strong-first-quarterly-token-burn-strong"><strong>First Quarterly Token Burn</strong>‍</h3><p>Our first token burn in February 2024 removed 236,863,773.8 ZBU from circulation, representing approximately 4.73% of the total maximum supply. This burn was conducted at an average token price of $2.9991, resulting in a USD value of $714,182,357.24.</p><h3 id="strong-second-quarterly-token-burn-strong"><strong>Second Quarterly Token Burn</strong>‍</h3><p>A subsequent token burn occurred on May 3, 2024, further reducing the circulating supply by 239,735,444.6 ZBU, equivalent to about 5.03% of the maximum supply. This burn was executed at an average token price of $4.3511, with a total USD value of $1,043,112,893.07.</p><p>Further details on each burn can be found here:</p><ul><li><a href="https://www.zeebu.com/blog/zeebu-completes-first-token-burn-event-february-2024-update" rel="noopener noreferrer nofollow">Zeebu’s Token Burn Event Successfully Completed</a></li><li><a href="https://www.zeebu.com/blog/zeebu-successfully-completes-its-2nd-quarterly-token-burn" rel="noopener noreferrer nofollow">Zeebu Completes 2nd Token Burn — Enhancing Ecosystem Sustainability</a></li></ul><h2 id="header-3"><strong>Implications of Growing Adoption</strong></h2><p>As our platform gains traction, we expect transaction volumes and adoption to increase. This growth, paired with our token burn mechanism, implies:</p><ul><li><strong>Balanced Token Supply:</strong> To ensure continued effectiveness and stability of the ZBU token, the quarterly burn rate will be carefully managed to align with growing transaction volumes.</li><li><strong>Enhanced Utility and Engagement:</strong> With broader platform use, the demand for ZBU tokens increases as they serve as the primary medium of payment, thereby boosting engagement and utility.</li><li><strong>Sustainability:</strong> The combination of a decreasing supply of ZBU tokens and increasing platform adoption fosters a balanced and sustainable token economy.</li></ul><h2 id="header-4"><strong>What This Means for Ecosystem Participants</strong></h2><p><strong>For the Community:</strong> By regularly reducing the total supply through token burns, the scarcity of tokens is emphasized, highlighting their limited availability.</p><p><strong>For Platform Users:</strong> By maintaining a balanced supply, the token&#39;s utility as a medium of exchange and its stability are preserved, facilitating smooth and efficient transactions for all users.</p><h3 id="strong-looking-ahead-strong"><strong>Looking Ahead</strong></h3><p>As part of our ongoing efforts to enhance the ZBU token ecosystem, we&#39;re excited to introduce the Zeebu Protocol. This upgrade focuses on decentralizing and optimizing liquidity, providing a more efficient and secure transaction environment.</p><p>The Zeebu Protocol will include features like staking vaults and liquidity pools, allowing users to actively participate and earn rewards.</p><p>We invite our community to join the Zeebu Protocol waitlist for early access and the chance to earn ZIPs, which can be redeemed in our upcoming ZBU airdrop series.</p><p>Stay tuned to our <a href="https://linktr.ee/zeebuofficial" rel="noopener noreferrer nofollow">socials</a> for more updates and <a href="https://zeebu.gitbook.io/zbu-protocol-1.0" rel="noopener noreferrer nofollow">click here</a> for detailed information on the Zeebu Protocol.</p>

Announcing Zeebu's Latest Burning Event: Third ZBU Token Burn!

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