Zebec Network: An Overview

Zebec Network is a blockchain platform built on the ZBCN cryptocurrency token. It functions as a decentralized infrastructure layer that enables the transfer of tangible value across networks, with blockchain applications designed to serve participants in both legacy financial systems and digital asset economies. The platform was established in 2021 by founder Sam Thapaliya.

Zebec began as a settlement streaming protocol deployed on the Solana blockchain but has since broadened its technical capabilities. The network now encompasses multiple protocols and incorporates various blockchain-based Real World Asset (RWA) payment and payroll solutions within an integrated, cross-compatible ecosystem.

To accomplish these goals, Zebec directs capital toward traditional payroll service providers through its investment division, Payroll Growth Partners (PGP). This strategy includes direct partnerships and integrations with established financial institutions including Circle and Stellar. These collaborations enable offerings such as low-cost international money transfers and USDC-denominated payroll through the WageLink platform. WageLink extends beyond basic payroll to include features like advance pay options, expense management, bill settlement, and debit cards all consolidated into a single interface.

Zebec Cards

Zebec released the Zebec Instant Card during late 2023, marking the first multi-blockchain card not requiring asset custody and eliminating per-transaction charges. The card operates across 138 nations with backing from major payment networks including Visa and Mastercard, permitting cardholders to exchange digital assets to their local currency for routine transactions. Card setup requires only seconds, and Mastercard-linked versions provide compatibility with Apple Pay and Google Pay for immediate use both online and at physical stores.

RWA Payments

The WageLink Payroll Platform combines web3 technology with practical payroll services, featuring affordable worldwide transfers and USDC salary disbursement. The application additionally incorporates premium payroll options including immediate pay access, spending management features, bill settlement capabilities, and card products, all accessed through a consolidated platform.

Nautilus Chain

Nautilus debuted in 2023 as a high-throughput, flexible Layer 3 blockchain constructed specifically for Zebec's Real World Asset (RWA) payment infrastructure and distributed infrastructure protocol operations. The chain also supports additional blockchain projects and decentralized services requiring superior performance and trustworthiness, including financial protocols, settlement networks, interactive entertainment applications, and comparable systems.

Zebec Vaults

Zebec Vaults implement the subsequent protective measures for platform users:

• Capital is secured within a fortified, multi-signature storage system. Retrieving assets from this storage requires obtaining consent from numerous authorized parties or cryptographic credentials stored separately across multiple locations. This differs substantially from conventional banking's single verification or PIN approach, creating substantially elevated protection from illicit access. Under multi-signature architecture, the storage arrangement parallels a secure bank vault, requiring multiple authorized parties and credentials for fund retrieval.
• Implementation of automated contract protocols. Smart contracts regulate interactions among network participants (for instance, compensation agreements between organizations and workers), obviating unnecessary middlemen while preserving verifiability and system integrity.
• Safeguarding Asset Protection. Zebec undergoes evaluations by prominent blockchain security organizations (CertiK, Trail of Bits, and Bramah Systems), maintains comprehensive regulatory compliance in the United States, and commits to continuous coordination with global regulatory agencies to sustain premier safeguards and regulatory standards within the streaming payment sector. A specialized security team operates continuously at Zebec to monitor user protection, promptly recognizing any questionable movements to preserve asset safety.

Governance

Zebec implements a dual governance structure merging on-chain and off-chain mechanisms for decision-making. Ecosystem contributors and capital providers engage in collective deliberations, with approved suggestions progressing to on-chain voting procedures. The governance approach prioritizes openness and democratic participation.

The governance cycle and voting mechanism operate as follows: stakeholders initiate the process through concept submissions on Zebec's channels, with capital providers and collaborators also offering perspectives for evaluation. Off-chain engagement, encompassing informational sessions, group discussions, and expert consultations, gets synthesized into documentation and materials circulated via Zebec's notification systems and participant networks. Concepts attracting significant attention, following discussion with capital providers and prominent ZBCN holders, move forward to balloting. The DAO executes these ballots via blockchain, with results then distributed to the broader participant base.

Funding

During November 2021, Zebec secured $6 million through an initial funding stage spearheaded by Republic Capital, alongside investment from multiple established financial groups. The capital aimed to construct Zebec's settlement streaming protocol operating on the Solana blockchain and facilitate early adoption.

In January 2022, Zebec gathered an additional $15 million from Series A financing coordinated by Solana Ventures and Distributed Global, including participation from esteemed financial groups like Alameda Research, Circle, Coinbase, GoldenTree Asset Management, and Lightspeed Venture Partners. This capital round targeted broadening Zebec's infrastructure, strengthening payroll and settlement features, and broadening adoption and geographic reach.