Zeebu

We are thrilled to announce that Zeebu has successfully integrated with Base, marking a significant milestone in our journey to becoming a robust, scalable, and decentralized solution for institutional-grade settlements. This strategic expansion of our native ZBU token to Base opens up new possibilities for enterprises seeking efficient, low-cost, and scalable blockchain solutions to meet the demands of modern financial services.As we continue to grow, our focus is expanding beyond telecom to cater to a wide range of industries that require reliable settlement infrastructures. With this Base integration, Zeebu’s platform is now better equipped to support institutional needs in payments, settlements, and liquidity management, paving the way for the next generation of decentralized financial services.With this integration, our ZBU token now operates seamlessly across Ethereum, Binance Smart Chain, and Base Chain, creating a multichain ecosystem that offers more flexibility and better performance for both users and ecosystem participants.<h2 id="header-0">Our Founding Base…</h2>Zeebu launched in 2023 with a bold vision — to revolutionize telecom settlements using blockchain technology. In just a short time, we have facilitated over $3.98 billion USD in settlement volume, empowering more than 100 institutional partners with many more enterprises ready to join our ecosystem, the demand for liquidity, throughput, and scale continues to rise. In response to this growing demand, we are taking our next major step towards decentralization with the launch of the Zeebu Protocol. This milestone marks a significant leap forward for the future of payments and settlements across industries, extending far beyond telecom.While we began by serving the telecom carriers industry, our ambitions have always been broader. With the introduction of the Zeebu Protocol, we are building a decentralized liquidity engine capable of serving a wide range of applications beyond telecom. The Zeebu Protocol enables staking, and liquidity provisioning, allowing participants to contribute to and benefit from the ecosystem. This integration with Base Chain plays a key role in this broader vision.<h2 id="header-1">Zeebu x Base Integration: Broadening Horizons</h2>Zeebu’s integration with Base Chain marks a strategic expansion of our settlement capabilities. Base, a layer-2 blockchain incubated by Coinbase — the first publicly listed cryptocurrency exchange. The L2 chain is developed in partnership with Ethereum Layer-2 blockchain Optimism, is built on the OP Stack. As one of the most promising layer-2 solutions, Base combines Ethereum’s robust security with faster transaction speeds and reduced gas fees, making it ideal for high-volume B2B settlements.<h3 id="strong-key-benefits-of-zeebu-s-integration-with-base-network-strong">Key Benefits of Zeebu’s Integration with Base Network:</h3>Our integration with Base Chain is more than just a technical upgrade. It&#39;s a strategic move designed to benefit our entire ecosystem:<ul><li>Reduced Gas Fees: Transactions on Base will be much cheaper than on Ethereum Layer 1, providing relief to users and businesses transacting large volumes. </li><li>Faster Transactions: Base Chain&#39;s high throughput means quicker settlement times, critical for the fast-moving telecom payments industry. </li><li>Increased Scalability: With Base, Zeebu is now prepared to handle a larger number of users and transactions without compromising performance. </li><li>Enhanced Liquidity: By tapping into Base&#39;s growing user base and substantial liquidity across its ecosystem, Zeebu can offer better capital efficiency, making it easier for businesses to settle transactions quickly and securely. </li></ul><h2 id="header-2">The ZBU Token Expansion to Base</h2>To support this integration, Zeebu has successfully expanded its native ZBU token to Base Chain through a balanced approach. Originally launched on Ethereum Mainnet on 22nd April, the ZBU token was also pegged on Binance Smart Chain (BSC) to offer users low-cost, instant transactions. Now, with the integration into Base Chain, Zeebu enhances its ecosystem, providing a more robust and efficient settlement solution. The process involves minting new ZBU tokens on Base while burning an equivalent amount of tokens on Ethereum to maintain the total supply.Transparency is a key priority for Zeebu, and all minting and burning activities are publicly recorded on the blockchain. Below are the details:<ul><li>ZBU (Base) Token Contract:<a href="https://basescan.org/token/0x2C8C89C442436CC6C0a77943E09c8Daf49Da3161" rel="noopener noreferrer nofollow"> 0x2C8C89C442436CC6C0a77943E09c8Daf49Da3161</a> </li><li>Total ZBU Supply on Base Chain: 1,022,916,666 ZBU Tokens </li></ul>Token Pools Burn and Rebalance Transactions: 1. Liquid Tokens<ul><li>Ethereum Chain ZBU Burnt: 150,000,000 </li><li>Base Chain ZBU Rebalanced: 150,000,000 </li><li><a href="https://etherscan.io/tx/0xf2558d1b5a953a9b121de44ff9eb053e54859da687e8fa4a9d16bfcef3bd67a5" rel="noopener noreferrer nofollow">Burn Tx Hash</a> |<a href="https://basescan.org/tx/0xb39229101ec72b0686ff3452ed6162639c2866d1a4f3ef863b7721cd7db7a639" rel="noopener noreferrer nofollow"> Base Rebalance Tx Hash</a> </li></ul>2. Zeebu Labs (Ecosystem &amp; Partnership)<ul><li>Ethereum Chain ZBU Burnt: 208,333,333 </li><li>Base Chain ZBU Rebalanced: 208,333,333 </li><li><a href="https://etherscan.io/tx/0xe5c9b36f76419c81bb2c7cd3f5faa8bc5e8813c256df12772d28752bcc719710" rel="noopener noreferrer nofollow">Burn Tx Hash</a> |<a href="https://basescan.org/tx/0x9a8bc85a78c55eaa3fdde116776f1e9b863680792b6f032eb67541edbd58cd25" rel="noopener noreferrer nofollow"> Base Rebalance Tx Hash</a> ‍</li></ul>3. Settlement &amp; Loyalty<ul><li>Ethereum Chain ZBU Burnt: 400,000,000 </li><li>Base Chain ZBU Rebalanced: 400,000,000 </li><li><a href="https://etherscan.io/tx/0x7d62dc4062a015140a97b6ee3ca8f29f2b75bb66066fc7fbd3ac5d7209190ec8" rel="noopener noreferrer nofollow">Burn Tx Hash</a> |<a href="https://basescan.org/tx/0x6010de5cc258aa16e279fe350face5870da17289a299289dd56005d1e553fb51" rel="noopener noreferrer nofollow"> Base Rebalance Tx Hash</a> </li></ul>4. Treasury/Reserve<ul><li>Ethereum Chain ZBU Burnt: 250,000,000 </li><li>Base Chain ZBU Rebalanced: 250,000,000 </li><li><a href="https://etherscan.io/tx/0xf82b862ff2266372d250a1708d3101c56b1c7c3a6f85751b6c7289f853ee8fa3" rel="noopener noreferrer nofollow">Burn Tx Hash</a> |<a href="https://basescan.org/tx/0x893adf38160b2e1ccdbeb510c003595e40a6fcaca2eef506ed8e38228673c669" rel="noopener noreferrer nofollow"> Base Rebalance Tx Hash</a> </li></ul>5. Zeebu Club (Community &amp; Development)<ul><li>Ethereum Chain ZBU Burnt: 14,583,333 </li><li>Base Chain ZBU Rebalanced: 14,583,333 </li><li><a href="https://etherscan.io/tx/0x5397e078b2d42fc8f10186c5541197000d4385ac348118c3146b3c8a1e9cb89f" rel="noopener noreferrer nofollow">Burn Tx Hash</a> |<a href="https://basescan.org/tx/0xebf9e49b7d7fc66e3f553f31c550c6b848bd8aa82629792aafc4fe0353f3e7fb" rel="noopener noreferrer nofollow"> Base Rebalance Tx Hash</a> </li></ul><h2 id="header-3">Current ZBU Supply Split (Multichain)</h2>Following the minting and rebalancing process, here’s the current breakdown of the ZBU token supply across Ethereum, Binance Smart Chain (BSC), and Base:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/fa686e0d44e44dae84972769a788f4bd.png" />Chain-Wise Breakdown:<ul><li>Ethereum: 63.7% </li><li>Binance Smart Chain: 12.0% </li><li>Base: 24.4% </li></ul><h3 id="strong-conclusion-strong">Conclusion</h3>Zeebu’s integration with Base and the migration of the ZBU token represent a critical milestone in our journey to create a decentralized, scalable, and cost-efficient telecom payment solution. This move positions Zeebu to expand its ecosystem, attract new users, and offer even greater value to its current community.Join us as we take this bold step into the future with Base Chain and <a href="https://linktr.ee/zeebuofficial" rel="noopener noreferrer nofollow">stay tuned</a> for more exciting developments as we continue to innovate and grow.

Zeebu Has a New BASE: Successful Integration with BASE and Token Migration

Table of Contents

Zeebu_Official

Other articles published on Sep 11, 2024

Standard Chartered Launches Crypto Custody in UAE

Avalanche Foundation Announces infraBUIDL() Program to Boost Blockchain Tooling and Infrastructure

New Memecoin Trump Loves Tesla Will Skyrocket 16,000% Ahead of Exchange Listings, As DOGE and Shi...

EFCC Seized Funds Allegedly Used to Manipulate Naira Value

Caroline Ellison Seeks Time Served For Gov’t Cooperation

Digital Chamber Fights Back Against SEC Overreach into NFTs

Join our free newsletter for daily crypto updates!