Burn Mechanics
Last updated
Last updated
The concept here is straightforward yet impactful. The volume of ZBU that will be burned directly correlates with the amount redeemed for fiat currency on our platform. We're committed to regularly reviewing and adjusting the burn rate as necessary to maintain market stability. Rest assured, any changes will be communicated well in advance through official channels.
To maintain absolute transparency, here’s our formula:
This formula encapsulates:
Total Quarterly Consumption: This is the aggregate settlement volume on our platform over a three-month period. It’s calculated as Daily Settlement Volume multiplied by the number of days in the quarter.
Closing Day Token Price: This is the average market price of ZBU on the day of burning, ensuring fairness in our approach.
Burning Mechanics:
Our commitment to market stability is reflected in the periodic burning of ZBU. When considering adjustments to the burn rate, we take into account a multitude of factors:
Market adoption rates and transaction volume spikes.
Shifts in local and global telecom markets.
Regulatory changes impacting our operations.
Fluctuations in foreign exchange and crypto markets.
Advancements in blockchain technology.
Political stability in regions where ZBU is heavily utilized.
Variations in transaction fees within the telecom industry.
At the heart of ZBU Phoenix Protocol is a system designed with our community's best interests in mind. Governed by clear-cut rules, this framework ensures predictability and openness in our operations. Our oversight team, comprising seasoned professionals, oversees the meticulous execution of the burn process. Plus, the immutability of our smart contracts adds an extra layer of trust.
In the spirit of transparency, we'll publish detailed quarterly reports and disclose all fund storage addresses. To further stabilize price volatility, token purchases will be based on the quarter's ending day price. All tokens are set to be burned on Ethereum and BSC at the designated dead address.
Fostering sustainability, differential tokens from our accumulated burning pool are allocated to ZBU CLUB for community growth and development. This not only supports our ecosystem but also ensures long-term viability and innovation.
02-02-2024
$2.9991
$714,182,357.24
4.73%
02-05-2024
$4.3511
$1,043,112,893.07
5.03%
02-08-2024
$4.8700
$1,564,721,180.48
6.04%
Burning Pool - This accumulates all the tokens used in transaction settlements.
0xC2855eAc217a5E989FCeEDE93e453bd555FE720e
ZBU is distributed uniquely to create a value ecosystem for all the participants.
Transaction Settlement
Authorized merchants and customers will settle their telecom invoices using ZBU.
Loyalty Rewards
Merchants and customers each receive rewards up to 2.5% of the telecom invoice value in ZBU.
Loyalty rewards may be used for future telecom invoice payments or for access to exclusive in person events. Loyalty rewards can also be used to redeem Zeebu Club Membership Benefits.
Governance rewards
Governance rewards of upto 2.0% to contributors in the decentralised settlement governance for Zeebu
Transaction Fee
ZBU tokens will be used to pay the transaction fee to the payment processor for settling transactions.
The ZBU Club
Participants trading on exchanges using ZBU can join the Zeebu Club. An invitation for Zeebu Club Membership is required and demands the meeting of certain consumption thresholds.
The Zeebu Club gathers active participants, passionate about driving innovation, in a decentralized ecosystem. The Zeebu Club brings together like-minded individuals and creates a sense of belonging for an exclusive global community.
