Zebec announces migration to ZBCN and cheap token splitting to increase network utility and accessibility through Chainwire


New York, USA, April 10, 2024, Chainwire

In a significant strategic move, the Zebec Protocol and its ZBC token have transitioned to a new name “The Zebec Network” and corresponding ZBCN token ticker to reflect the company's expanded product portfolio and the robust infrastructure network that underpins it. to present better. ZBCN begins trading on exchanges today after automatic migration.

Important details about the ZBC to ZBCN token swap

Swap period: April 10th to May 10th

Supply stability: No new offer should be brought onto the market

Token split: A 1:10 token split aims to expand network utility and improve accessibility.

Consistent tokenomics: ZBCN maintains ZBC's governance, supply, vesting and lock-up schedules. ZBCN Tokenomics Reference

Reasons for migration and organizational growth

Zebec has evolved, consolidating multiple protocols and integrating a variety of blockchain-enabled payment and payroll products into a unified network. This integration significantly increases the utility of the network and supports payment flows, data and physical infrastructure (DePin) for real-world assets (RWA).

Sam Thapaliya, Founder and CEO of Zebec, said: “Our transition to ZBCN and rebranding to The Zebec Network marks critical steps in expanding our capabilities and improving our market presence. ZBCN is better suited to our growing infrastructure, diverse use cases and increasing transaction volume.”

The move to ZBCN is intended to increase liquidity, encourage broader market participation and improve scalability. It is in line with Zebec's strategic vision to create an inclusive financial ecosystem and pave the way for future innovations and strategic partnerships in the blockchain sector. This transition reflects Zebec's commitment to adapting its business and technology to evolving market requirements and user needs.

Token holders are assured of a smooth transition. The company aims to ensure a seamless conversion from ZBC to ZBCN, thereby preserving and increasing the value of contributors and token holders. migration.zebec.io

About Zebec

Zebec is a decentralized infrastructure network for real value streams. Founded in 2021, Zebec has attracted $35 million in investments from Circle, Coinbase (NASDAQ:), Ventures, Breyer Capital, Republic, and Lightspeed Venture Partners, among others.

Today, Zebec Network operates RWA payments, data and physical infrastructure (DePin), serving hundreds of companies in Web2 and Web3 economies and integrating blockchain into everyday life.

Press contact: [email protected]

Disclaimer: This press release contains forward-looking statements that are based on current expectations, forecasts and assumptions and are subject to risks and uncertainties. It is for informational purposes only and should not be considered investment or financial advice. Readers should conduct their own research and consult with financial experts before making any investment decisions.

ContactElena Solovyovzebec.io[email protected]

This article was originally published on Chainwire


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