Zebec Protocol, a leading player in the blockchain industry, has recently undergone a significant transformation. The company has rebranded itself as The Zebec Network and introduced a new token, ZBCN, to better reflect its evolving product offerings and infrastructure. This strategic move aims to align the business with its expanded capabilities and market positioning.
The transition from ZBC to ZBCN involves a token swap period from April 10th to May 10th, during which token holders can exchange their existing ZBC tokens for the new ZBCN tokens. One of the key changes is a 1:10 token split, which is expected to enhance the network’s utility and accessibility. Despite these changes, ZBCN will retain the governance, utility, vesting, and lock-up schedules of its predecessor.
The decision to rebrand as The Zebec Network and introduce ZBCN stems from Zebec’s evolution as a company. By consolidating multiple protocols and integrating various blockchain-enabled payment and payroll products, Zebec has expanded its network’s utility significantly. This expansion supports real-world asset payment flows, data management, and physical infrastructure.
According to Sam Thapaliya, the Founder and CEO of Zebec, the transition to ZBCN represents a crucial step in the company’s growth trajectory. The new token is better suited for Zebec’s diverse use cases, growing infrastructure, and increasing transaction volumes. The move to ZBCN is expected to enhance liquidity, broaden market participation, and improve scalability, in line with Zebec’s strategic vision.
Established in 2021, Zebec has emerged as a decentralized infrastructure network for real-world value flows. The company has attracted significant investments from prominent players in the industry, such as Circle, Coinbase, and Solana Ventures. Today, Zebec Network powers RWA payments, data management, and physical infrastructure, catering to a wide range of companies in both traditional and blockchain economies.
It is essential to note that the information provided in this article is based on current expectations and may be subject to risks and uncertainties. Readers are advised to conduct their own research and seek advice from financial experts before making any investment decisions. The transition from ZBC to ZBCN marks an exciting new chapter for Zebec and underscores the company’s commitment to innovation and market adaptation.