Benefits of Holding $ZBC

Zebec being a tax-compliant payment protocol with over 60 business clients and more than $300 million in TVL. It is a continuous settlement protocol founded by Sam Thapaliya that makes payments more efficient, fair and decentralized.

The focus of zebec has always been on the real-world application, meaning that $ZBC has always revolved around utility. However, as the Zebec ecosystem expands, so does the list of $ZBC token uses.

From its inception, $ZBC has been a utility token tied to the services that Zebec Protocol builds and offers. Owning $ZBC will give you a discount on Zebec Protocol’s services. For example, holding $ZBC, you can

• Save up to 25% on payment streaming
• Save up to 25% on Zebec’s vault management system

Additionally, the more $ZBC you hold, the greater rewards you’ll get on the Zebec Card.

Governance and Vote Staking

In line to increase the use case and benefit of $ZBC. zebec has introduce a new feature for $ZBC holders — Governance! That’s right, $ZBC is a utility token that holds the power of governance within Zebec Protocol.

$ZBC holders can now have the ability to vote on proposals and community projects, giving them a voice in the future direction of the protocol. A new voting platform will be available on the website, making participating convenient and accessible.

Zebec is also pioneering a unique approach of prioritizing proposals through vote staking. Here’s how it works:

Anyone with a Zebec Chain address and ZBC tokens can predict the outcome of a proposal by staking. The stake represents the amount of tokens they’re willing to risk on the proposal passing or failing. If their prediction is correct, they’ll receive their stake back and rewards from others who predicted incorrectly. If the proposal doesn’t pass or fail, all stakes are returned.

Not only does vote staking offer potential profits for accurate predictors, but it also helps the DAO prioritize proposals by considering the ratio of ZBC staked on passing vs failing. The proposals with the highest ratio are given priority, making it easier for the Foundation to focus on what’s important to the community. Even a high ratio of ZBC staked on failing vs passing sends a clear signal to the Zebec team about which proposals require immediate attention.

Using $ZBC on Nautilus Chain

In my previous article, u explain about the Nautilus Chain. Zebec DAO’s first proposal is for a staging chain called Nautilus. Nautilus serves as a preview for the upcoming Zebec Chain and is a community-driven effort to test new features.

As a staging chain, Nautilus will not have its own token. Instead, it will borrow $ZBC and utilize its token mechanics. All gas and transaction fees will be paid using $ZBC.

The $ZBC transaction fees collected on the Nautilus chain will provide rewards for validators and support Zebec Foundation research. Additionally, half of the fees will be burned, helping to increase the value of $ZBC.

The $ZBC transaction fees collected on the Nautilus chain will provide rewards for validators and support Zebec Foundation research. Additionally, half of the fees will be burned, helping to increase the value of $ZBC.

ZBC Token Fee Distribution

$ZBC has two sets of token mechanics; one for Zebec protocol and one for Nautilus Chain. Fees generated on each platform are distributed differently.

For Zebec Protocol:

• Ecosystem Vault — 10% of all $ZBC fees go toward the ecosystem vault. Token holders will be able to vote on how to spend or invest these funds to support the ecosystem, and no interaction from Zebec Foundation is required
• Developer Incentives — 15% of all fees go toward a revenue share for developers to ensure Zebec continues to attract top developers
• Gitcoin Grants — a portion of all fees get used for quadratic funding of grants and proposals to make sure smaller wallets and not just whales have a say in the future of the project
• Token Deflation — 50% get burned to manage the price of $ZBC
• Ecosystem Incentives — the rest gets spent on building the ecosystem through campaigns, grants, and initiatives like Operation Horizon.

For Nautilus Chain:

• 25% to fund Zebec Foundation research
• 50% for validators
• 25% get burned as a deflationary mechanism

$ZBC is not just a utility token in the Zebec ecosystem, it also acts as the governance token that empowers holders to have a say in the future of the network. By holding $ZBC, you can enjoy discounts and boosted rewards from Zebec services and vote on proposals and initiatives that shape the project’s direction.

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