Zebec Network Price

Zebec Network (ZBCN) is a cryptocurrency platform that operates on the Solana blockchain, with expansions to other blockchains like BNB Chain and NEAR Protocol. It originally started as a decentralized streaming protocol focused on real-time finance solutions, including payroll applications that allow employers to stream salary payments in cryptocurrencies. Zebec also offers integrated products like payment cards and treasury management tools for Web3 companies, bridging the gap between crypto and fiat payments.

Zebec has launched products like the Zebec Instant Card, a non-custodial, multi-chain payment card allowing users to spend cryptocurrency instantly on everyday purchases without transaction fees in over 138 countries. The platform also features its own L3 blockchain called Nautilus, enhancing its capabilities to handle global payments.

The $ZBCN token, which serves as both a utility and governance token within the Zebec ecosystem, gives holders voting rights on network decisions and other benefits like rewards and access to premium services. The token is deflationary, meaning its total supply decreases over time and is used for gas fees on the Nautilus chain.

Zebec Network operates as a cryptocurrency platform on the Solana blockchain and has expanded to other blockchains. It primarily facilitates the movement of real-world value through continuous flow payments, which allow real-time financial transactions like streaming salaries to employees. This payment method is beneficial for scenarios that require ongoing transactions, such as subscriptions or regular payments.

Zebec has integrated several blockchain technologies to enhance its performance and scalability. One such integration is the Nautilus Chain, which uses zkRollup technology to offer privacy and high transaction throughput without compromising security. The platform also supports streaming transactions using a decentralized infrastructure, allowing seamless payments across different blockchains.

The $ZBCN token, central to Zebec Network, functions as both a utility and governance token. Token holders can participate in governance decisions, influencing the direction and policies of the network. The platform also provides tools for easy migration from its old token to ZBCN, maintaining stability in its tokenomics during the transition.

Zebec Network (ZBCN) was launched on November 10, 2021, on the Solana mainnet. The founder of Zebec Network is Sam Thapaliya. He is known for his work in creating a platform that enables real-time financial transactions and payroll solutions on the blockchain, significantly advancing how payments and financial transactions are handled in the Web3 space.

The Zebec Network token migration from ZBC to ZBCN occurred from April 10th to May 10th, 2024. This transition was part of Zebec's rebranding and expansion of its blockchain-based financial services. The migration was designed to reflect the broader capabilities and the growing portfolio of products within the Zebec Network. Key points of the migration included:

1. ZBC to ZBCN Token Swap: Each ZBC token was exchanged for 10 ZBCN tokens, essentially a 1:10 token split. This split aimed to increase network utility and make the token more accessible, much like a stock split in traditional finance.

2. No New Supply: No additional ZBCN tokens were created during the swap, ensuring that the total supply's integrity and value were maintained.

3. Seamless Transition: For token holders, the migration process was designed to be automatic, especially for those whose tokens were held on exchanges. The automatic transition meant that token holders did not need to take any action during the swap.

4. ZBC Token Burn: All ZBC tokens were burned as part of the swap to ZBCN, ensuring a clean transition to the new token system.

5. Preservation of Tokenomics: The tokenomics of ZBCN mirrored those of ZBC, maintaining the same governance, utility, vesting, and lock-up schedules post-migration.

The ZBCN token from Zebec Network serves several key functions:

1. Decentralized Governance of Zebec Network: As a governance token, ZBCN allows you to participate in making decisions that shape the network's future. You can vote on various governance, administration, and priority matters of the protocol, depending on the amount of ZBCN you hold.

2. Zebec Network’s Utility Token: ZBCN is used within the Zebec ecosystem to pay for transaction fees, including gas fees on their Nautilus chain. This usage helps to maintain the network's operations and secures its infrastructure.

3. Rewards and Benefits: Holding ZBCN tokens can also earn you rewards and give you access to premium services within the network. These benefits include discounts on services offered by Zebec, enhancing the value of holding the token over time.

4. Deflationary Mechanism: The supply of ZBCN tokens decreases over time, potentially increasing their value as they become scarcer.

5. Trade ZBCN on KuCoin: Trade Zebec Network crypto against other digital assets on the KuCoin Spot Market following your research (DYOR). Buy, sell, or HODL ZBCN if you believe in the future potential of the Zebec Network and the Solana ecosystem.