Zebec Network

Project Overview

Zebec Protocol is a real-time payments protocol built on the Solana blockchain that enables continuous, programmable cashflows. The protocol introduces a novel concept of 'streaming payments' where funds are transferred continuously in real-time rather than in discrete transactions.

Purpose and Utility

The ZBC token serves multiple functions within the Zebec ecosystem: It is used for governance, allowing holders to vote on protocol changes and updates. It also serves as a utility token for paying transaction fees on the platform. The primary use case is enabling real-time payment streams for payroll, subscriptions, and investments.

Business Model Assessment

The core business model revolves around facilitating real-time payment streams and does not inherently involve any prohibited activities like interest-based lending or gambling. The platform's focus on payroll and subscription payments aligns with legitimate business purposes.

Development and Adoption

The project maintains active development on GitHub and has established partnerships with several organizations for implementing their payroll solutions. The protocol is currently being used by businesses for payroll management and subscription services, demonstrating real-world utility.

Token Distribution

The token distribution includes allocations for the team, advisors, and early investors with standard vesting periods. While a significant portion is allocated to these groups, the vesting schedules appear reasonable and designed to ensure long-term alignment.