Combing the details of Hong Kong’s new encryption policy, a clear context is that the overall purpose of Hong Kong’s encryption new policy is to clarify and legalize virtual asset transactions, and promote the sustainable and responsible development of Hong Kong’s virtual asset industry through a continuously improving regulatory framework .
Under the regulatory thinking of strengthening compliance and licensed operations, established institutions and projects that have long-term prudent and compliant operations will obviously gain a first-mover advantage. On this basis, Hong Kong is becoming a new fertile ground for the development of the Web3 field.
Zebec Protocol, as an encrypted payment ecology based on stream payment, has achieved certain results before, and has performed very well in the field of compliance. The launch of Chain is a signal), which also indicates that this ecology is expected to create a paradigm ecology for the development of the Web3 world.
In the recent large-scale industry summit in the Web3 field held in Hong Kong, Zebec Protocol frequently appeared in various venues, especially on April 14, Simon, the head of growth of Zebec Protocol, shared the latest progress on Nautilus Chain and Zebec ecology at the summit that day With the future development plan, it also explores the financial and economic problems currently facing the world, such as the large gap between the rich and the poor. The center of attention.
Zebec ecology, based on the grand narrative of "flow payment"
At the summit on April 14, Simon, the head of growth at Zebec Protocol, mentioned the current situation of the current excessive gap between the global rich and the poor, and believed that the global gap between the rich and the poor is widening every year, and any public policy from progressive taxation to welfare programs This trend cannot be stopped. To understand why this problem exists, he said, we have to address the core reason behind the income gap - poor people work for money and rich people make money work for them.
The wages earned by the vast majority of workers are in exchange for working for a certain period of time—whether it is calculated by the hour, week or month, it is the same concept of time being sold. Yet, until today, no one has questioned why employees are usually paid two weeks to a month after they start work.
Simon's statement is causing us to think deeply. In the Web2 world, wealth has always been distributed by wealth holders. They are usually the rule makers and always look down on the world from the perspective of God. According to traditional ideology, No one can break the rules of the game. Laborers are not even entitled to fully realize the benefits of the time value of money. The Web3 world is expected to help more people face wealth with new rules, and we see that Zebec Protocol is becoming a new tool to help different classes break the shackles.
Zebec Protocol believes that fundamentally improving the method of salary distribution is expected to gradually improve the above-mentioned disadvantages, and through another emerging ideology of cryptocurrency, more people can take the initiative. Zebec Protocol has introduced a new cryptocurrency-based payment method based on the concept of "flow payment", so that the employment relationship and service relationship are expected to be further established on the basis of real-time payment.
Zebec Protocol officially launched a user-oriented streaming payment protocol in 2021. It was built on Solana in the early days. It is reported that 1/3 of Solana projects used the Zebec system to pay wages at that time. Zebec Protocol developed and managed a good API, programmers You can use a large number of small features and functions to create your own unique products, and more than 250 projects have been built on top of Zebec, which has created the largest ecosystem on the Solana chain.
Zebec Protocol's early users have reached 30,000+, and without any pledge mining, TVL has exceeded 300 million US dollars. In terms of revenue, Zebec will only achieve a revenue of 20 million US dollars in 2022, bringing a net profit of 2 million to 6 million to the ecology, and it is expected to achieve a revenue of 40 million to 50 million US dollars within one year (by August 2023). After achieving certain results on Solana, the ecology gradually expanded to BNB Chain, Near and other networks.
Zebec Protocol is currently providing application components to hundreds of Web3 companies for real-time payroll and financial management. At the same time, Zebec's vision expects to disrupt the traditional payroll industry. To this end, we see Zebec Protocol making the transition from a protocol to a powerful yet extremely efficient modular blockchain with a public chain, and hope to build on this as the backbone of its Web3 wage engine to further expand Adoption to serve more Web2 users to attract millions of users to the Zebec ecosystem.
In order to achieve the goal, what efforts has Zebec ecology made?
At the meeting, Simon also expressed some efforts made by Zebec Ecology on the road to the vision.
l In-depth layout into the Web2 world
In order to achieve effective customer acquisition, Zebec ecology is actively deploying to the Web2 world, in addition to the early integration of encrypted IRA and 401k accounts, and the exchange of encrypted currency and fiat currency in a compliant form. Zebec prefers to introduce its own encryption-native products into the traditional HCM (human resources) ecosystem. To this end, the Zebec Foundation has raised a dedicated M&A fund and hired a team of Wall Street veterans to find and execute acquisitions for Zebec. It has acquired a number of Web2 companies and attracted two global top 500 companies as its latest customers . On this basis, Zebec is expected to attract more than 100,000 real users and process more than $1 billion in payroll this year.
In addition, Zebec Ecosystem has also launched a new cooperation with MasterCard, launching the Zebec Card MasterCard bank card, which is the world's first cryptocurrency-to-fiat real-time salary card, which is now available in 27 countries/regions. The launch of Zebec Card has further promoted the radiation of cryptocurrency users and promoted the development of the encrypted payment field. At the same time, ZBC token, as the main ecological asset, is being endowed with more application scenarios and destruction scenarios.
The launch of Zebec Card is expected to help Zebec eco-natively embed more HCM systems, and is expected to help users earn through wages (EWA), ending traditional predatory payday policy plans.
l From protocol to public chain, Nautilus Chain is the first step
In fact, in the previous plan, Zebec ecological development expected to launch Zebec Chain, and Nautilus Chain is currently the pioneer chain of Zebec Chain launched by the community (incubated by Zebec Ecology). After the foundation of Nautilus Chain is built, Zebec Chain will face user. And Nautilus Chain is expected to help Zebec ecology take a big step towards its vision in the early stage.
Simon said: “A lot of people ask us how, as a L2 on BNB or even Solana, how can Zebec support the daily wages of millions of users around the world? To be honest, we are not sure if it can be done with 100% reliability based on existing technology. Sometimes in order to get things done the right way, you have to build things yourself. That's why Zebec incubated Nautilus Chain earlier this year."
From the perspective of technical means, Nautilus Chain itself has achieved a new breakthrough in technology. This chain is the latest application chain with the concept of Layer3 in the Web3 world. It has the fastest EVM environment and combines the speed of Solana with the speed of Ethereum. reliability and decentralization.
Nautilus itself is unique as an L3 modular chain built on Eclipse and Celestia, with plans to eventually bring this chain to EigenLayer. The goal is to maximize throughput while remaining reliable and easy for developers to build to support high-throughput payment applications such as payroll, DeFi applications, and on-chain games.
In March, Nautilus Chain launched the test network "Triton", and more than 80 applications are being launched on Nautilus. For Zepoch node holders, it is expected to receive interactive airdrops after the main network is launched soon, and enjoy more ecological rights.
Nautilus Chain uses ZBC tokens as the GAS fee on the chain and partially burns them, and serves as the verification reward for validators, which means that ZBC tokens will gradually enter the era of extreme deflation. According to the plan of Nautilus Chain, when the transaction volume of Nautilus Chain chain reaches the volume of Solana transaction volume, 80% of the total ZBC token is expected to be destroyed.
Currently, Nautilus Chain is "recruiting" developers, and developers who deploy applications on Nautilus Chain can apply for incubation incentives from Zebec Labs. Nautilus Chain has also launched a series of support programs to help Nautilus Chain achieve early prosperity.
In general, the Zebec ecology is moving towards a new development direction and a more ambitious narrative goal, and every layout of the ecology will build a more solid value foundation for the ZBC token, allowing all holders, Zepoch holders become continuous beneficiaries of ecological development dividends.