Solana’s Zebec Unveils Strategic 2024 ZBCN Token Repurchase Plan Linked to Card Transactions

COINOTAG news reported on September 28 that the Solana Ecosystem’s Stream Payment Protocol, Zebec, has unveiled its 2024 ZBCN token repurchase strategy. This buyback will occur monthly, contingent upon two primary indicators: partner integration and Zebec card transaction volumes. For partner projects that facilitate payments to Zebec using their tokens, an equivalent amount of ZBCN will be acquired from the open market, enhancing community participation and reducing circulating supply. Moreover, ZBCN tokens will be burned in proportion to Zebec card monthly transaction volumes, subject to a maximum of $500,000. The Zip-7 proposal outlining these buyback mechanisms is currently under review and will soon be voted on by the Zebec DAO. This initiative is anticipated to be operational by October 2024, reinforcing the ecosystem’s resilience and sustainability.