According to BlockBeats, on September 28, the Solana ecosystem streaming payment protocol Zebec announced its 2024 ZBCN token repurchase plan. The repurchase will be carried out at the end of each month. The repurchase parameters include partner integration and Zebec card transaction volume.

Monthly buybacks are tied to Zebec card transaction volume and partner contracts, based on the following metrics:

Partner Contribution: For partner projects that pay Zebec via their tokens to be integrated on the Zebec Card, an equal amount of ZBCN will be purchased from the open market. This ensures community participation and a continuous reduction in the circulating supply.

Card transaction volume: As the card program grows, ZBCN equivalent to the total monthly spending of Zebec cards will be burned, up to a maximum cap of $500,000.

The Zip-7 proposal regarding the buyback program and its parameters is currently being negotiated, considered, and formally voted on in the Zebec DAO, with an expected launch as early as October 2024.