Zebec Network
Crypto Overview
Overview
Zebec Protocol is a continuous streaming payment protocol built on the Solana blockchain. The protocol enables real-time, per-second streaming of funds for payroll, subscriptions, investments, and other payment use cases.
Purpose and Utility
The primary purpose of ZBCN is to serve as a governance token for the Zebec Protocol ecosystem. Token holders can participate in governance decisions regarding protocol upgrades, fee structures, and other platform parameters. The token also provides utility through fee discounts for protocol users.
Business Model Analysis
The core business model revolves around facilitating programmable cash flows through blockchain technology. The protocol enables continuous settlement of payments, which is particularly useful for payroll, subscriptions, and treasury management. This model aligns with halal principles as it facilitates legitimate business transactions and doesn't involve interest-bearing mechanisms.
Development and Adoption
The project maintains active development on GitHub and has established partnerships with several organizations in the Solana ecosystem. The protocol has demonstrated real-world adoption for payroll and subscription payment use cases.
Token Distribution
Token distribution includes allocations for team members, advisors, and early investors with standard vesting periods. While exact percentages are not publicly available, the presence of vesting schedules suggests measures to prevent immediate selling pressure.
Technology Review
The underlying technology focuses on payment streaming without involving interest-based mechanisms. The protocol's smart contracts facilitate direct value transfer between parties without engaging in prohibited activities like gambling or interest-bearing loans.
Crypto Impact
To assign a comfort level investing in Zebec Network from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Zebec Network.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.