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Zebec Protocol Transcript

October 9, 2022 / 1:00 pm

Satoshi Club, Zebec Protocol
500$ prize
Read Recapitulation
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Part 1 — introduction and questions from the Telegram & WebSite

MMary | Satoshi Club

Happy weekend Satoshi Club we are happy to announce our AMA with Zebec Protocol!

MMary | Satoshi Club

Welcome to Satoshi Club

GGold Rocket | Satoshi Club

Greetings, dear Satoshi Club community!

GGold Rocket | Satoshi Club

Today our guest is @Subalgg

SSubal

Hey everyone

SSubal

Great to be here

GGold Rocket | Satoshi Club

Nice to e-meet you

SSubal

Nice to e-meet you too, fam

MMary | Satoshi Club

Hello, Subal

GGold Rocket | Satoshi Club

How are you doing today

SSubal

Really great, spent some time with family and now back to buidl

SSubal

wby ser

MMary | Satoshi Club

Never stop building

SSubal

Yess, LFG

GGold Rocket | Satoshi Club

it is very important to spend time with family

SSubal

Exactly, it's a festive season here as well

MMary | Satoshi Club

Lfg and we will start with introduction part!

SSubal

sure

MMary | Satoshi Club

Subal, what was your way to crypto? And to Zebec Protocol?

GGold Rocket | Satoshi Club

Let's start with a little story about you and yours Zebec Protocol)

SSubal

Sure, so let me start with my introduction. it's me Subal, Community Manager at Zebec Protocol. I have learned and experienced tremendously while working over several years on marketing, sales and public relations. I have been close with technology, and have gained variety of experience from being a application developer to a Community Manager at Zebec.

SSubal

Well, so i was into economics and fiat study before and then found out about Bitcoin, then read the whitepaper and got into it

MMary | Satoshi Club

Oh, old school, you start with White paper

GGold Rocket | Satoshi Club

This means that you are a fan of Bitcoin

SSubal

Lemme share the story behind Zebec Protocol as well. So, we were bothered about being paid once in a month only for salary in companies and thought to find a solution. So, we created this continuous streaming protocol such that we can replace 'salary in months/weeks' to salary in seconds

SSubal

who isn't yes haha, love reading docs and papers

GGold Rocket | Satoshi Club

In today's crypto world, few people read the white paper. Let's be honest

MMary | Satoshi Club

Nice concept! I believe implementation will be even better!

SSubal

thanks

MMary | Satoshi Club

How much time passed since the idea came till today? Was it fast?

SSubal

it's been more than 2 years. Took a lot to develop the product and community

SSubal

And well, we've reached 1b$ valuation till this day. it has been a long way

MMary | Satoshi Club

Not bad j even can tell this is awesome

GGold Rocket | Satoshi Club

If I ask you about your team? How many people are included in the composition, what are they responsible for? Are you all public and doxed?

SSubal

We're more than 50 people and all are doxxed which you can check on our Linkedin as well.

SSubal

here you go: https://www.linkedin.com/company/zebec-protocol/

GGold Rocket | Satoshi Club

Thanks for sharing. it is really important for the reputation of the project

SSubal

Yes, fam

GGold Rocket | Satoshi Club

Tell us about the benefits of the project? What makes you better than others? What is your greatest pride and achievement?

SSubal

Well, Zebec is very much unique from other similar looking and sounding projects as we are one of the first and few projects to offer both Multisig Treasury and continuous money streaming solutions.

SSubal

Despite this, the main feature making us better from others is that our programmable protocol is way more advanced and we got more features in our smart contracts letting any programmers develop on top of Zebec Protocol using our own SDK. Thanks to our well-developed and managed APIs, programmers have a plethora of little features and functionalities at their disposal to create their own unique product. With over 250+ projects being built on top of Zebec, we have created the biggest ecosystem on the Solana chain.

SSubal

And well, being partnered with Visa is one of our greatest pride too

SSubal

Also, we're creating our own chain to expand from Solana

MMary | Satoshi Club

Wow, i am impressed

GGold Rocket | Satoshi Club

that is a really great achievement! you are doing well

SSubal

Thanks a lot

GGold Rocket | Satoshi Club

Thanks for great introduction, we will have several questions selected for the Part 1. Ready to start?

SSubal

sure, always ready

GGold Rocket | Satoshi Club

Q1 from Telegram user @Thisistoyin I was Quite Amazed to see that the first 288 Zepoch Node NFTs will be available to those who have signed up for the whitelist and who stake 188,888 ZBC. And after that, i also learnt that the Zepoch Node NFTs will be available for purchase at gradually increasing rates, and the 289th-300th “Zepoch” node will be priced at 2,000 USDT/BUSD. Now, knowing that the first 288 Zepoch Node NFT will be airdropped to people who have joined the whitelist and locked at least 188,888 ZBC tokens for a year. Does this mean that it is compulsory for the Whitelisters to stake 188,888 ZBC tokens? I am curious to know about the current Price of the ZBC Tokens at the moment. I would really like to have details on how we could get or Purchase the ZBC tokens, is it listed on any exchange at the moment? Thanks

SSubal

Well, for the first phase of getting 288 Zepoch Node NFTs, it is mandatory for Whitelisted ones to stake 188,888 ZBC tokens and we will release on site staking after the WL registration gets over Also to know about current price, exchanges and how to you you can check our CMC link Lemme share the link asap https://coinmarketcap.com/currencies/zebec-protocol/ so yeah, that's the answer for the question. Shall l send "Done" or something , or is it okay like this?

GGold Rocket | Satoshi Club

I think it would be appropriate

SSubal

sure, used to do that in previous AMAs, so asked

SSubal

so yes, Done

MMary | Satoshi Club

You can btw, how many submissions did you already receive? And how you will choose winners? Or first come first serve?

SSubal

We have got the Whitelist registration but haven't got staking on site available yet. We'd make that available in a few days and then distribute the NFT

SSubal

So, yes it isn't decided already

MMary | Satoshi Club

Will Zepoch Node NFT have any use cases? Is it for sale?

SSubal

Yes, in second phase you can buy NFT for 2000 BUSD/USDT. and it obviously has some use cases. The "Zepoch" Node NFT is a Proof of Identity in which the holder is a node validator for the upcoming Zebec Public Chain, which is expected to launch in 2023. Holders will use the Zepoch Node NFT to provide authentication and allow holders to participate in Zebec's Network operations.

SSubal

our entire new chain of "Operation Horizon" would be based on this Zepoch Node

MMary | Satoshi Club

It's some kind of soul bond token?

SSubal

Well, Zepoch is a node for the chain. We have a separate soul-bound token as well called Themis Gavel.

SSubal

Themis Gavel NFTs are soulbound tokens (SBTs) forever attached to your wallet. They bestow government rights over zebec protocol and chain.

SSubal

Also, The first 288 Zepoch Node NFT holders will automatically get a Themis Gavel NFT to have governance rights. There will be 30,000 Themis Gavel NFTs, but the rest will be distributed for contributions to the project. Those tasks will be determined as the campaign progresses.

MMary | Satoshi Club

Interesting! Great incentive to contribute

GGold Rocket | Satoshi Club

Thanks for your great answers. It's clear for me. Ready for the next question?

SSubal

sure ser

GGold Rocket | Satoshi Club

Q2 from Telegram user @MudaraSilva Dear Zebec Team! I am curious to know more information on Zebec Debit Card. What are the special features of this card? I read that you are now accepting pre-launch sign-ups. What are the utilities of this card? Can we use it like a VISA/Master card issued by a bank? If yes, why should we shift to Zebec Debit Card? Are there any offers/discounts/privileges? Please explain about the process of converting funds in this card to local currencies. Does it convert funds to any currency? Do you charge a conversion fee? If a government has prohibited crypto currency transactions, can citizens of that country use this card? Thank you.

SSubal

Well, for a short introduction of the card, Users of the Zebec App will soon be able to use crypto stored in their wallets for real-world purchases and fiat currency via Zebec's custom metal debit card.

SSubal

And you can use your Zebec debit card anywhere major credit cards are accepted. There are over 60+ million merchants worldwide as we are officially partnered with Visa. And we're obviously standing out than normal credit card as every time you use the Zebec Debit Card you get up to a 7% return automatically deposited in your Wallet allowing a seamless flow and access to cryptocurrency whenever you need it.

MMary | Satoshi Club

Oh, and my question it's my dream to have debit card with which i will be able to spend my crypto, but... When it will be available worldwide? My country isn't in the list

SSubal

Talking about fees, we'd have lowest in the market as there won't be any annual fee or transaction fees. But only some third party fees might apply

MMary | Satoshi Club

Fantastic

SSubal

haha, we'd be working on it as well. Currently, we are releasing on countries where cryptocurrency is widely used. Slowly, we will expand to more countries altogether with the expansion of cryptocurrency

SSubal

Web3 is the future ofc, so we'd obv be used worldwide

SSubal

slow and steady

MMary | Satoshi Club

Please, add Ukraine when it will be possible, we really need this now

SSubal

sure would obviously note this down and let the team know. Hope the conditions are better there too

MMary | Satoshi Club

Thank you

GGold Rocket | Satoshi Club

Thanks for your great answers

SSubal

so yeah, Done for this question

SSubal

Always for the community ser

GGold Rocket | Satoshi Club

Q3 from Telegram user @Cheriemike The growth of the digital economy and Web3 has been hindered by a lack of tax compliant, frictionless payment processing technologies.So how will Zebec unique programmable and continuous money stream protocol makes it simple for anyone to send and receive cash up to the second for investments, payments, subscriptions?Can you talk more on Zebec Pay application which is the first tax-compliant,on-chain payroll processor?And I also noticed you have joined a “Visa’s Fast Track Program”,can you please elaborate more this program and what have you achieve so far since you join the Fast Track Program? Please explain Thanks

SSubal

So, talking about Zebec Pay, we are unique programmable and continuous money streaming protocol. And on how it will make simpler for getting money and sending is, lemme share some examples. We watch Netflix shows and listen to Spotify streams everyday, but we pay it monthly or yearly and even if we don't watch it, the price is fixed at one time. But, what if we pay for the content we watch? if we listen to a song for some seconds or minutes, we only pay for it. This was just an example, there're more and more infinite applications in Web2 and Web3 both Zebec Pay would work on

SSubal

And about Visa's Fast Track Program, Visa are doing partnerships to create a better digital economy. And we have joined them through the introduction of Zebec Visa Card which i explained earlier

SSubal

Done

GGold Rocket | Satoshi Club

Fabulous

MMary | Satoshi Club

Look, i understand why you choose Visa for partnership but why did you choose Solana? You had a wide choice of protocols

MMary | Satoshi Club

BNB, Polygon etc

MMary | Satoshi Club

Why Solana?

SSubal

hey sorry my internet went down for a while. just got back

MMary | Satoshi Club

Np

SSubal

Well, we chose Solana as its faster and more effective for development and even lower gas fees compared to other chains like Eth.

MMary | Satoshi Club

Oh, Eth definitely expensive

SSubal

However addressing the issue about Solana outages, we are building our own L1 Zebec chain for more scaling opportunity which you can check at horizon.zebec.io.

MMary | Satoshi Club

Excellent decision! When do you plan your chain to go live?

GGold Rocket | Satoshi Club

you're good at worrying about it.

SSubal

yes ser

MMary | Satoshi Club

Thank you, Subal! Ready for the 4th question?

SSubal

yes ser

SSubal

Well, we have had token sales and public rounds from which we have raised funds and have reached the valuation of $1b. We've been using the funds with proper milestones and developments of our project. So, we don't have to worry about funds at the moment

MMary | Satoshi Club

What about security? Can your users sleep tight?

SSubal

Yes, We have been Audited already by popular Web3 security firms Bramah Systems and Certik. You can find the audits available at: https://github.com/Zebec-protocol/zebec-program-v2/tree/master/audit. With such security measures and more, we plan to make our blockchain even more secure.

GGold Rocket | Satoshi Club

Thanks for your great answers

GGold Rocket | Satoshi Club

Are you ready for the next question

SSubal

yes ser

GGold Rocket | Satoshi Club

Q5 from Telegram User @ALiban1969 I have heard about plenty of platforms that pay for activities such as ad-clicking, video streaming and reading emails. However, users cannot generate a decent income using this type of sites. Zebec also pays for streaming. Compared to the data charges, can we get a considerable return from your platform? Please briefly explain about your rewarding system. How long is a normal video on Zebec? What are the important factors that we have to keep in mind when streaming a video? In addition to streaming, do we have an opportunity to diversify our income on Zebec?

MMary | Satoshi Club

Partially covered

SSubal

Well, to be precise, Zebec is a system to stream currency and not video streaming. instead, video streaming services can integrate our SDK and use it themselves.

MMary | Satoshi Club

Did already some services integrate your SDK?

MMary | Satoshi Club

If yes, can you name them?

SSubal

Yes, there've been many projects who have integrated our SDK. Even a beginner developer can integrate our SDK to their project, even you can do it right now as it's free to use. Here's the docs: https://docs.zebec.io/zebec-pay-normal-stream-sdk

SSubal

Well, as it's free to use for any developers to use our streaming on their platform, we haven't kept track of that. We don't have plans to earn money from streaming service and instead want to make it easier for every platforms and developers. Our profits are from other services like Yield Farming, Treasury, etc

MMary | Satoshi Club

You have a lot of services, i understand why your valuation is so high but may be it's just the beginning

MMary | Satoshi Club

Thank you for your detailed explanations ready for the 6th and last question from this part?

GGold Rocket | Satoshi Club

thanks for your clarifications

SSubal

yes ser

SSubal

always ready

MMary | Satoshi Club

Q6 from Telegram user @silver_splash Good day, Going through your previous medium posts I had seen in a section that around March, 2022, Zebec Protocol made an announcement about integrating “Chainlink Price Feed” to its Automatic Dollar Cost Averaging function. Why choose Chainlink oracle solutions? Kindly talk more about the Dollar Cost Averaging function; how does it work? What effect does the Chainlink price feed have on the Automatic Dollar Cost Averaging function? By integrating the industry-leading decentralized oracle network, does this mean that Zebec will have access to tamper-proof, high-speed market data needed to extract the prices of crypto assets?

SSubal

Well, Through the successful integration of Chainlink Price Feeds, Zebec aims to provide high-quality price reference data to the Automated Dollar-Cost Averaging function.

SSubal

The integration enables Zebec to gain access to the market data that is not just tamper-proof but also high-speed in nature. This will allow Zebec to extract the prices of Cryptocurrencies. The Automated Dollar-Cost Averaging function will then help users to invest their money in the digital assets in a secured manner.

SSubal

Done

MMary | Satoshi Club

We will be able to invest using your protocol?

SSubal

Yes fam. The payment you can receive on Zebec would be able to be used for Automated Dollar-Cost Averaging so you can directly invest from our platform. The devs are working on it rn

MMary | Satoshi Club

Wow, that's cool! Everything in one

GGold Rocket | Satoshi Club

Amazing

MMary | Satoshi Club

Subal! You are a great speaker and first part was so cool! Let's see how you will survive in the storm

MMary | Satoshi Club

Storm of questions from our community!

MMary | Satoshi Club

Are you ready?

SSubal

Yess, ready for the storm

SSubal

LFG

MMary | Satoshi Club

Let's go

Show more

Part 2 — Live questions from the Telegram community

t@tahanisg

You have said that the Zebec Debit Card is now accepting pre-launch registrations, can you tell us how we can sign up? How can we get a Zebec Debit Card? Will it be available to any country or does it have limitations?

SSubal

Currently, you can sign up to pre-register through: https://zebec.io/debit-card. We've firstly decided to launch in the countries where cryptocurrencies are widely used, and will expand to more later. You can check the available countries in the dropdown list of the sign up.

B@Blessing_chum

Greetings Zebec's Team, This week, Binance which is the world largest crypto exchange was hacked and incurred losses of about $500million. We have seen similar cases with Mt.Gox in 2014, Kucoin and numerous other platforms. Tell us in details how Zebec Protocol will avoid such situations. Is your platform strengthen enough to keep the user's funds safe? Give details on your smart contract audits.

SSubal

We have been Audited already by popular Web3 security firms Bramah Systems and Certik. You can find the audits available at: https://github.com/Zebec-protocol/zebec-program-v2/tree/master/audit. With such security measures and more, we plan to make our blockchain even more secure.

K@King_Raja

Please Tell about some Benefits or Having Zepoch Node NFT? How Can I access to it?

SSubal

Well, several benefits of having Zepoch Node NFT are: - Get the opportunity to co-build consensus of the Zebec Protocol. - Access to Zepoch node NFT and enjoy many benefits it provides. - Becoming a part of Zepoch node and sharing a major percentage of the staking rewards. - Zebec foundation will use 20% of protocol profit to backbuy ZBC from Zepoch Holders. - Early participants are eligible to receive $ZBC airdrops. - Additional Themis Gavel NFT to enjoy even more benefits and privileges. - The holder of the soul-bound(EIP-5114) token "Themis Gavel" can participate in community governance, and has the right to vote on profit distribution and ecosystem evolvement. - Zebec DAO governance. - Established Referral Program to rewards zbc-points for additional rewards. - Join Zebec's ecosystem related whitelist and share ecosystem expansion revenue opportunities with Zebec foundation. Horizon Treasury

h@highpee

You mention that you are building your own L1 chain to address outages or issues present on the present chain you operate in. Is this chain only meanf to power Zebec Services or will is it a blockchain that can support the developement of dApps and smart contract based tokens on it by external project developers?

SSubal

Our chain would firstly run Zebec services and later we would plan on making it available such that other dApps can also be build over it.

T@Titanium432

You have Said that The most trusty element of Zebec is the MULTISIG TREASURY MANAGEMENT Will You Please tell us More about it and How To How to Use Zebec Treasury Management ?

SSubal

You can have a step to step guide on using Multisig Treasury in our docs: https://docs.zebec.io/treasury

M@Monkey_De_uiy

Can you elaborate about the Zebec Points System??

SSubal

Sure, Zebec Points is the incentive voucher of the Zebec ecosystem, which aims to motivate participants in the community to build an ecosystem and obtain more income from the Zebec ecosystem, which is the embodiment of the participants' contribution value to ecosystem construction. Stakes, referrals, participation in Zebec agreements, and participation in specific missions which allows users to earn Zebec Points.

r@remyczz

Where did you draw your inspiration to create Zebec? How did you come up with this name? In a year, how do you anticipate this project developing?

SSubal

Xebec' literally means sailing ship. So, we tweaked the world a little and started 'Zebec'. Just like a continuous flow of sailing ship, our platform helps user to stream money continuously. And as the project has the valuation of 1b$ already, i anticipate this project to get even bigger.

j@jirencrypto

Zebec Protocol is a really interesting project because it helps to move frictionlessly between the crypto world and the fiat world, but I would like to know why you have chosen the Solana network to build it. also, do you have plans to extend the zebec technique to another blockchain?

SSubal

We chose Solana because of their low fees, high speed and scalability and we are happy with our choice. However, addressing the issue about Solana outages, we are building our own L1 Zebec chain for more scaling opportunity which you can check at horizon.zebec.io.

l@lahkoklu

how the $ZBC token bridges from the Binance Smart Chain from the Solana wallet, is there a way or medium to find out how?

SSubal

here, you can check the article on it: https://t.co/y013O0D2c4

s@silaswills

You said during the introduction aspect that you are at $1 billion valuation And when i check the stats on coinmarketcap i saw ur market cap at around $11 million Please can you explain the correlation? Thank you

SSubal

That's the market cap of our token. Rest are from our funding rounds.

Show more

Part 3 — Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

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  34. Hi there! I know this is kind of off-topic but I had to ask. Does running a well-established blog like yours take a massive amount work? I’m completely new to operating a blog but I do write in my diary daily. I’d like to start a blog so I will be able to share my own experience and thoughts online. Please let me know if you have any suggestions or tips for new aspiring bloggers. Appreciate it!

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  37. Howdy just wanted to give you a quick heads up. The text in your post seem to be running off the screen in Ie. I’m not sure if this is a format issue or something to do with web browser compatibility but I thought I’d post to let you know. The layout look great though! Hope you get the problem solved soon. Many thanks

  38. Howdy this is kinda of off topic but I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding experience so I wanted to get advice from someone with experience. Any help would be greatly appreciated!

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  40. Крупный учебный и научно-исследовательский центр Республики Беларусь. Высшее образование в сфере гуманитарных и естественных наук на 12 факультетах по 35 специальностям первой ступени образования и 22 специальностям второй, 69 специализациям.

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