Zeebu, a leading Web3 payment platform for the telecom industry, has announced its third quarterly token burn event, scheduled for August 2, 2024. This event, governed by the ZBU Phoenix Protocol, aims to reduce the circulating supply of ZBU tokens, reinforcing Zeebu’s commitment to maintaining value and sustainable growth in the DeFi payments landscape.

Since its launch in July 2023, Zeebu has processed $3 billion in transactions. The ZBU Phoenix Protocol systematically burns tokens used in transactions, ensuring a balanced token economy and addressing potential challenges in the cryptocurrency ecosystem.

In addition to the burn event, Zeebu will launch the ZBU Protocol, designed to become the largest liquidity protocol for B2B settlements, offering substantial annual percentage yields (APY) through Protocol Rewards. With a projected settlement volume of $14 billion over the next 12 months, participants can anticipate Protocol Rewards totaling approximately $196 million.

Zeebu’s innovative approach positions it at the forefront of financial technologies in the telecom sector, driving liquidity, settlement efficiency, and decentralization.