Coinwire.com hosts an AMA with Zebec Protocol. #Zebec #BNBChain #BSCDaily #AMA
Coinwire Admin: Welcome back to another fantastic AMA with BSCDaily! Hope you all are having a lovely day 💪 I’m Daley and today, I’m thrilled to welcome Mr. JJ – Senior BD at Zebec, a multisig treasury management and streaming payments protocol.
It’s a pleasure having you over JJ! How’s your day going?
JJ: Oh, a very perfect day.
Coinwire Admin: Well that’s wonderful! So I guess you’re all set to start this AMA session right? 🙌🙌
JJ: Yes, I’m ready. Let’s get started.
Coinwire Admin: Right away serrrrr 🔥Let’s kick this AMA off with our first segment: Q&A with the host. First off, I have several introductory questions regarding yourself, the team and the project in brief. So:
Q1. Please introduce Zebec’s team and the project itself to the community!
JJ: From 2014 to 2017, Sam participated in almost all the investment and construction of early public chains, because Sam believes that blockchain technology will break the geographical constraints of traditional financial application scenarios. Zebec dismantled the dilemma of the payment application field with systematic thinking. The Sam team not only shined in the hackathon, but the Zebec system also received special attention from the Solana ecosystem. They believed that Solana and Zebec provided streaming payments to complement each other, so they joined the Solana ecosystem. Currently, more than 200 projects use Zebec’s streaming payment service on Solana. Zebec has raised more than $20 million in funding, with initial investors including Circle, Coinbase, Solana Ventures, Lightspeed Venture Partners, and Alameda Research.
Coinwire Admin: Wow nice! What a number. This is huge, getting investments from such prestigious capitals. Zebec must have top-notch tech then, since you’ve achieved such milestones
Q2. So what are Zebec’s core competencies? What are the advantages of the product?
JJ: Through Zebec’s innovative Web3.0 flow payment technology, using the blockchain settlement protocol, to meet the immediate needs of users to pay payroll, cash flow, capital guarantee and token ownership, the long-awaited real-time, seamless block A financial payment system has been implemented. At the same time, Zebec launched two innovations: the world’s first on-chain payroll with built-in pre-purchase tax, and the first Visa debit card that uses digital currency to purchase settlements.
Coinwire Admin: Interesting! This is what blockchain was built for indeed. Apparently, Zebec is operating on Solana, fast, high throughput, but a bit unsecured. That’s why you’re also coming up with your own chain called Zebec Chain
Q3. What is the positioning of Zebec Chain? How does it affect the development of the Web3 world?
JJ: Zebec will be launched in March 2022. In just half a year, the TVL has exceeded 300 million US dollars. With DeFi staking mining not yet open, it has more than 500,000 registered users, making it the project with the most B-end users in the Solana ecosystem. More than ⅓ of Solana projects use Zebec flow payments to pay wages. Zebec has proved its potential without relying on the DeFi business. According to Solana’s existing ecological scale estimation, Zebec Protocol TVL will soon exceed 1 billion US dollars. Zebec has continued to deploy real-world battlefields since 2022 Q1, and has acquired 5 Web2 payment companies with more than 10,000 users. Zebec is relying on its own combat experience in Web3 strong response flow payment, and its acquisition power will only increase. In the next 1-2 years, it plans to add 10-20 larger Web2 payment companies to join the team and put Zebec on the global map. It will drive the expansion of $ZBC Visa Card and bring users a better experience. Due to the rigid demand of payment applications, it is inevitable for Zebec to develop into multiple chains, and it will also become the infrastructure of multiple public chains, which will bring Zebec considerable allies and users. After announcing the launch of BNB Chain on September 25, users will be able to use payment services (e.g. BSC) on EVM Chain other than Solana, officially announcing that Zebec has started a cross-chain journey and kicking off the Zebec Chain. In order to continuously improve the trading experience, Zebec Chain will cooperate deeply with Eclipse, using Optimistic Rollup and ZK Rollup technologies to make the transaction speed up to 700,000 TPS and achieve a higher execution speed than L1.
Coinwire Admin: And that’s why we are here for folks! Zebec is moving to BNBChain next and we will get to experience Zebec’s innovative products
Q4. Now for the development of Zebec Chain, what deployments have been made, and are there any projects that have been cooperated?
JJ: At present, more than 80 projects have participated in the development of Zebec chain, including DeFi, infrastructure, NFT and GameFi. For example: SpaceID (BSC), Duet Protocol (BSC), Ten Finance (BSC), Biswap (BSC), Izumi (BSC), Alpaca Finance (BSC), Apeswap (BSC), CLV (BSC), Cyberconnect (BSC), Pancake Swap(BSC), Satay(Aptos), Mira Finance(Aptos), Seam Labs(Aptos), Osiris Protocol(Aptos)
Coinwire Admin: Brilliant! So the plan is to partner up with valuable projects to aid in the development of Zebec Chain, and in the meantime, optimize it with Optimistic Rollup and ZK Rollup to achieve higher TPS. It raises another question for me:
Q5. What kind of business scenarios does Zebec Chain want to build in the future, and what is the development vision of the public chain ecology?
JJ: Zebec Chain has a module for private transactions, driven by ZK, which was not available in other payment products before. Zebec itself is a streaming payment product, and it is a big track in itself. If all payment-type web 3 companies interact with Zebec (then the fact is true now), there are about 200 Solana projects that have interacted. In the future, the approximate size of this market will be 800 billion US dollars.
The driver of Zebec token currently has two major blocks:
a. Payment by debit card
b. A governance of the product
c. The use of the product will consume $ZBC as a service fee
When the $ZBC chain is released, all $ZBC tokens will become part of the consumption of the public chain, and at this time, the token will become a deflationary economic system. A national economic system like Nepal may adopt Zebec as the official currency circulation. Features of the public chain:
1. The transaction is faster and can meet the needs of enterprise level
2. It has private transaction authority (e.g. all transactions can be authenticated on the chain by both parties of the transaction, not everyone can see it)
3. POS does not consume as much energy as POW
Q6. What is the biggest difference between Zebec Chain and other public chains?
- The payment public chain brings together a large amount of TVL on and off the chain. For an ecology, it is very important to have a significant TVL
- At present, more than 80 ecological projects have participated, and the entire ecology can also be ranked in the top 20, and the key points have not yet been launched
Q7. Zebec picked BNBChain to migrate to from Solana. What are the main considerations?
JJ: As the global situation is turbulent, payment applications need a high degree of flexibility and adaptability to face increasingly high payment barriers. The highly adaptable streaming payment service provided by Zebec is undoubtedly the best solution, which has driven demand from other ecosystems. Providing streaming payment services for more public chains and even cross-chains is Zebec’s next milestone. Due to the rigid demand of payment applications, it is inevitable for Zebec to develop into multiple chains, and it will also become the infrastructure of multiple public chains, which will bring Zebec considerable allies and users. After announcing the launch of the BNB Chain on September 25, users will be able to use payment services on the EVM Chain other than Solana, officially announcing that Zebec has embarked on a cross-chain journey and kicking off the Zebec Chain. In order to continuously improve the trading experience, Zebec Chain will cooperate deeply with Eclipse, using Optimistic Rollup and ZK Rollup technologies to make the transaction speed up to 700,000 TPS and achieve a higher execution speed than L1.
Q8. Can you introduce Zebec’s horizon plan in detail for me and the community pleasee?
JJ: At present, the sales of nodes have exceeded 700, in just one month or so. This means that when the Zebec public chain was released, there were at least 700 different validators (authentication nodes), which is already much more than many POS public chains known so far (e.g. Celo). At present, the largest blockchain browser on Aptos, the largest DeFi ecology on bsc and Solana have made it clear that they will enter the Zebec public chain system. And 3 projects have purchased the authentication nodes of the Zebec chain to support the future development of the Zebec chain. Interact with other head public chains through the Zebec chain, such as Solana/bsc/eth. The “Zepoch” node NFT is the certificate of the future Zebec public chain node validator. After the development of the public chain is completed in 2023, it can provide verification as a pledge aggregator and participate in Zebec network operations. Themis Gavel is a soul-bound NFT, using the (EIP-5114) protocol. The main ability of this certificate is to have Zebec community governance voting rights.
Coinwire Admin: I see, at least 700 validators wow
Q9. If you participate in Zebec’s node, how can there be incentives for node holders?
JJ: The current node price (2022/11/28) is $2091.82. For every 50 node holders, the contract price will automatically increase by 0.5% (five thousandths). When 15,000 “Zepoch” node NFTs are sold, the initial ecological construction is completed, and the “Zepoch” node plan will be officially launched. “Era” (Zepoch) node NFT holders pledge NFT to the contract to obtain $ZBC daily airdrops. The total daily airdrop is 1 million $ZBC, and the number of airdrops is halved every 90 days. Early holders will receive the largest reward. Friend Assistance Reward: Each NFT holder can enjoy up to 20% friend assistance reward. Note: If you successfully invite one friend to help you, you will enjoy 5% of the airdrop income from the friend node; if you successfully invite three friends to help you, you can enjoy a maximum of 15% of the airdrop income from the friend help node.
Q10. What is Zebec’s next roadmap?
Q4 2022: BNB chain is supported, and node purchases will also be made through the BNB chain (already launched)
Q1 2023: More EVM chain support
Q2 2023: $ZBC Chain goes online
Q3 2023: Eclipse cooperation and support
Coinwire Admin: With this we are now at the end of our AMA session with Zebec Protocol🔥🔥🔥
Time for wrapping up, any last words you would like to say to our community?
JJ: It’s great to talk to you all here, and I’m amazed at the enthusiasm I feel! I look forward to having the opportunity to talk to you again!
Coinwire Admin: Looking forward to having Zebec on BNBChain in the near future! best of luck to you and take care JJ!