The post Zeebu Announces Successful $ZBU Token Burn for Q4 2024, Exceeding $1.1 Billion appeared on BitcoinEthereumNews.com.

 In a decisive move to strengthen its token economy and foster community engagement, Zeebu, a decentralized B2B settlement platform, has announced the completion of its fourth quarterly token burn, permanently eliminating over 251 million ZBU tokens from circulation. This burn reflects Zeebu’s commitment to creating a deflationary token model designed to drive long-term growth. The latest initiative is also complemented by an exclusive ZBU Airdrop, aimed at inviting community participation in Zeebu’s journey to revolutionize B2B payments in the telecom sector and beyond. Launched in 2023, Zeebu has been instrumental in transforming telecom payment systems, using blockchain to enhance transparency and streamline operations. With the launch of the ZBU Protocol, the decentralized settlement platform takes another step toward building a decentralized, distributed, and community-focused network designed to foster growth and shared value. Token Burn to Drive Sustainable Growth This quarter’s token burn was executed under Zeebu’s Phoenix Protocol, which automatically determines the burn amount based on transaction volume and token consumption. By strategically reducing the circulating supply of ZBU, Zeebu aims to reinforce the token’s role as a trusted settlement medium, supporting a balanced and sustainable ecosystem that grows alongside platform adoption. Burn Highlights: “We are excited to announce the successful completion of our fourth quarterly burn event,” said Raj Brahmbhatt, CEO of Zeebu. “Each burn event strengthens our tokenomics and underscores our commitment to a sustainable token economy. As we approach the next chapter in our journey with the launch of the ZBU Protocol, we’re unlocking greater scale, liquidity, and community participation. Looking ahead, the Phoenix Protocol and quarterly burns will remain crucial as we continue to build a robust and community-centered B2B payment network.” To further engage its community, Zeebu has launched the ZBU Airdrop, offering 60 million ZBU tokens to early supporters and ecosystem participants. The airdrop…

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Filed under: News - @ November 5, 2024 7:24 pm