NEW YORK--(Business Wire / Korea Newswire)--In a significant strategic move, Zebec Protocol and its ZBC token have transitioned to a new name, The Zebec Network, and corresponding ZBCN token ticker to better represent the business’s expanded product portfolio and the robust infrastructure network that underpins it. ZBCN began trading on exchanges today, post automatic migration.

Key details for the ZBC to ZBCN Token Swap
Swap Period: April 10th to May 10th
Supply Stability: No new supply to be introduced into the market.
Token Split: A 1:10 token split aims to expand network utility and improve accessibility.
Consistent Tokenomics: ZBCN retains ZBC’s governance, utility, vesting, and lock-up schedules. ZBCN Tokenomics

Migration Rationale and Organizational Growth
Zebec has evolved, consolidating multiple protocols and integrating a variety of blockchain-enabled payment and payroll products into a unified network. This integration significantly boosts the network’s utility, supporting real-world asset (RWA) payment flows, data, and physical infrastructure (DePin).

Sam Thapaliya, Founder and CEO of Zebec, stated, “Our transition to ZBCN and rebrand to The Zebec Network mark critical steps in expanding our capabilities and enhancing our market presence. ZBCN is better suited for our growing infrastructure, diverse use cases, and the increasing transaction volumes.”

The move to ZBCN is expected to enhance liquidity, encourage wider market participation, and improve scalability. It aligns with Zebec’s strategic vision of creating an inclusive financial ecosystem, paving the way for future innovation and strategic partnerships in the blockchain sector.

Token holders are assured of a smooth transition, with the company committed to ensuring a seamless migration process from ZBC to ZBCN. migration.zebec.io

About Zebec
Zebec is a decentralized infrastructure network for real world value flows. Founded in 2021, Zebec has attracted $35 million in investments by Circle, Coinbase, Solana Ventures, Breyer Capital, Republic, and Lightspeed Venture Partners, among others.

Today, Zebec Network powers RWA payments, data and physical infrastructure (DePin), servicing hundreds of companies in web2 and web3 economies and integrating blockchain into everyday lives. zebec.io

This press release contains forward-looking statements based on current expectations, forecasts, and assumptions, which are subject to risks and uncertainties. It is intended for informational purposes only and should not be considered investment advice or financial guidance.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240410574032/en/

View Korean version of this release Contact Zebec
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This news is a press release provided by Zebec. Korea Newswire follows these editorial guidelines. Zebec News ReleasesSubscribeRSS 지벡, 네트워크 유틸리티 및 접근성 향상 위해 ZBCN으로 마이그레이션 및 토큰 분할 발표 중요한 전략적 움직임의 일환으로 지벡 프로토콜(Zebec Protocol)과 ZBC 토큰이 ‘지벡 네트워크(Zebec Network)’라는 새로운 이름으로 탄생했다. 이는 해당 ZBCN 토큰 티커로 전환돼 비즈니스의 확장된 제품 포트폴리오와 이를 뒷받침하는 강력한 인프라 네트워크를 더욱 잘 표현할 수 있을 것으로 기대된다. ... 4월 11일 16:55 More News Finance Cryptocurrency Technology Blockchain Coporate Expansion Overseas Zebec All News Releases 