DUBAI, Sept. 13, 2024 — Zeebu, a leading Web3 payment and settlement platform, has achieved another major milestone by surpassing $4 billion in settlement volume on its platform. This growth highlights the platform’s expanding reach and utility across the telecom carrier industry. To continue scaling its offerings, Zeebu is excited to announce its expansion with Base Network, a high-performance Ethereum layer-2 solution incubated by Coinbase. This marks a critical development in Zeebu’s multichain strategy, designed to provide faster, more cost-efficient, and scalable settlements.
As part of this expansion, Zeebu has minted 24.4% of its ZBU token supply to Base, with a total of 1,022,916,666 ZBU tokens now available on Base. This expansion is part of Zeebu’s broader multichain approach to tap into leading blockchain networks starting with Ethereum, Binance Smart Chain, and now Base, leveraging their strengths to offer enhanced scalability, faster transactions, and deeper liquidity.
The Zeebu Protocol is dedicated to building a fully decentralized liquidity engine, designed to transform global settlements by enhancing scalability, efficiency, and active ecosystem participation. Through the involvement of Delegators, Deployers, OLPs, and the Governance Council, Zeebu empowers participants to shape the protocol, ensuring transparency, shared governance, and opportunities to earn yield. The expansion to Base, one of the fastest-growing Layer-2 networks, aligns perfectly with this vision, providing greater scalability, lower fees, and increased access for users to engage with ZBU and participate in decentralized liquidity provisioning.
Zeebu’s ZBU token powers this decentralized ecosystem, facilitating instant settlements, loyalty rewards, and governance. With the expansion to Base, Zeebu enhances its ability to provide seamless, cross-border transactions at a fraction of traditional costs, all while maintaining full transparency and security.
Base Chain is built on the OP Stack, in partnership with Ethereum layer-2 blockchain Optimism. It offers the same security as Ethereum with lower fees and faster transaction times, enabling Zeebu to scale its platform efficiently. Base processes thousands of transactions per second, supports Ethereum’s EVM architecture, and is designed for compatibility with existing Ethereum dApps, making it a perfect match for Zeebu’s decentralized solutions.
Why Base Chain for Zeebu Protocol
- Faster, Low-Cost Settlements: The expansion to Base enables near-instant, low-cost settlements for Zeebu’s clients, significantly improving cross-border payment efficiency.
- Increased Scalability: Base’s architecture allows Zeebu to handle high transaction volumes without compromising speed or security, ideal for enterprise-level settlements.
- Deep Liquidity: By leveraging Base’s growing user base and liquidity pools, Zeebu enhances its capacity to provide liquidity for global B2B payments.
- Transparency and Security: With Base’s Ethereum-level security, all transactions remain fully transparent and secure, reinforcing trust within Zeebu’s ecosystem.
- Fast-Growing DeFi Ecosystem: Base is one of the fastest-growing ecosystems in DeFi, making it the perfect platform for Zeebu to expand and allow users to maximize the potential of the ZBU token.
Zeebu has successfully expanded its ZBU token to Base, ensuring a balanced token supply across Ethereum, Binance Smart Chain, and now Base. The expansion was conducted through a burn-and-mint mechanism, carefully aligning token supplies as per tokenomics. For full transparency, Zeebu has published all transaction details, including on-chain hashes, in its latest blog post.
The ZBU token contract on Base can be found here.
“With our expertise in building decentralized settlement solutions and Base’s cutting-edge Ethereum layer-2 infrastructure, this expansion marks one of the most significant milestones in Zeebu’s journey,” said Raj Brahmbhatt, CEO and Founder of Zeebu. “A fusion of Base’s scalability and low-cost transactions with Zeebu’s commitment to efficient cross-border settlements will deliver a faster, more cost-efficient, and scalable platform for enterprise B2B payments globally.”
About Zeebu
Zeebu is a Web3 payment and settlement platform specifically built for the telecom carrier industry. The platform empowers institutions with instant, cost-effective, and transparent settlement solutions. With the launch of the Zeebu Protocol, the platform is evolving into a decentralized liquidity engine, built to decentralize and scale B2B settlements.
For more information, visit zeebu.com
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About Base
Base is a high-performance Ethereum layer-2 blockchain incubated by Coinbase and built on the OP Stack in partnership with Optimism. Designed for scalability and low-cost transactions, Base Chain is fully EVM-compatible and supports seamless integration with existing Ethereum applications, making it a leading choice for decentralized finance (DeFi) and enterprise solutions.
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