Zebec Network's Strategic Transition and Token Swap Initiative
Strategic Transition to Zebec Network
Zebec Protocol has rebranded to Zebec Network, marking a pivotal shift in its strategy. This transition includes the introduction of the new ZBCN token, replacing the former ZBC token. The rebranding reflects the company's expanded product portfolio and its robust infrastructure network.
Key Token Swap Details
The token swap from ZBC to ZBCN commenced on April 10th and will run until May 10th. A notable aspect of this swap is the 1:10 token split, designed to enhance network utility and accessibility. Importantly, the supply remains stable with no new tokens introduced to the market. ZBCN maintains the governance, utility, vesting, and lock-up schedules of its predecessor, ensuring consistency in tokenomics.
Rationale for Migration and Growth
Zebec Network's evolution involves the consolidation of multiple protocols and the integration of blockchain-enabled payment and payroll products. This move significantly boosts the network's utility, supporting real-world asset payment flows, data, and physical infrastructure. The transition to ZBCN is expected to enhance liquidity, market participation, and scalability.
Vision for an Inclusive Financial Ecosystem
The shift to ZBCN aligns with Zebec's strategic vision of fostering an inclusive financial ecosystem. This transition is a step towards future innovation and strategic partnerships within the blockchain sector. The company is committed to adapting its business and technology to meet the evolving needs of the market and its users.
Ensuring a Seamless Transition
Zebec Network assures token holders of a smooth transition process, preserving and enhancing their value. The company is dedicated to providing a seamless conversion experience from ZBC to ZBCN, supporting contributors and token holders during this pivotal change.
About Zebec Network
Founded in 2021, Zebec Network is a decentralized infrastructure network facilitating real-world value flows. With significant investments from prominent entities, Zebec powers payments, data, and physical infrastructure, integrating blockchain technology into everyday life.
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