Zebec recently completed its token sales, which raised $28 million from private and public investors. Zebec is a DeFi technology that ensures timely, uninterrupted payment operations and flows in Solana. The Zebec protocol had Zebec Payroll as its first application. Payroll is a tax-compliant on-chain processing system that allows workers to be paid using various stablecoins and digital currencies without restrictions. It also provides crypto-related and financial services, including yield farming and automated dollar cost averaging.
Shortly after the sale, Zebec launched the token on various exchanges, making it accessible to buyers.
Retail investors contribute to Zebec token sales
Zebec wanted to launch its ZBC token through the means coming from both private and public token sales. Zebec wants to transform employee payment processes, subscription management and token vesting. Zebec token sales raised $21 million from private sales and $7 million from public sales, accounting for 75% and 25% of total sales revenue, respectively. Private investors included Solana Ventures, Coinbase (NASDAQ: COIN), Lightspeed Venture Partners, Circle and Alameda Research. Zenec, in partnership with Republic (NYSE: RSG), offered the token to private and public investors at the same price of 0.021 cents per token. Zebec Founder Sam Thapaliya believes that public sales should offer the same opportunities to the community as private sales.
He explained the same pricing, he said. “A public sale is not a capital-generating event, sales should not be a way for private investors to realize these unrealized gains. Rather, it should be more of a community-building event.”
He further mentioned, “Crypto is about giving access to the public, the same access that private investors can get.”
Shortly after the sale, Zebec launched the token on various exchanges, making it accessible to buyers. Zebec intends to initiate staking benefits for owners and incentives for developers building on the platform. A Solana-based debit card allows ZBC holders to list their token when they want to wager it. With the invention of the ZBC token, Zebec hopes to be autonomous, although the ZBC will be on multiple crypto exchanges. It will serve as the reserve currency for the decentralized autonomous organization Zebec. It also means that ZBC owners can participate in voting on new protocol initiatives and updates.
Zebec listings on exchanges
Bitget, one of the leading digital asset trading platforms, has announced the listing of ZBC on its launchpad to be available for trading today. AscendEX is also pleased to announce the listing of the Zebec token in the pair trade (ZBC/USDT). However, active ZBC trading had not started at the time of writing.
Hopes are high for ZBC as Zebec has a strong track record of inventing significant products for the crypto world. It is believed that the future of crypto solely depends on the inventive projects of developers in the DeFi ecosystem. Wide acceptance of the token is expected.
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