From GameFi to Metaverse, to DAO, Web3 has actually arrived quietly. When many decentralized DAOs are established on the Internet, few people may have thought about how autonomous organizations can work together for a common goal, connecting everyone to contribute in addition to ideals and the pursuit of decentralization. paid.
Although people are reluctant to mention it, this does not mean that the importance of the Web3 organization to the motivation of devotees can be ignored, and the employment system based on the traditional company structure is obviously not suitable for new things like DAO. Therefore, based on this background, Zebec, a programmable streaming payment protocol, has also attracted attention.
Web3 is no small matter, streaming payment big scene
In essence, the decentralization of DAO organizations and the decentralized nature of power are in line with the spirit of blockchain for community voting governance. However, many people have many problems in understanding the use of DAO funds and the employment of personnel. The core here is actually the payment of wages.
For example, in early August, a governance proposal by the well-known decentralized exchange Sushiswap on the salary of the new CEO attracted market attention. According to the estimates of some skeptics in the community, the salary of the new CEO may reach one-third of the income distribution of employees. Many people have voted against this proposal, which shows that there is also a member income problem in Web3. In response to this situation, the use of Zebec's streaming payment protocol can transparently organize employee compensation issues in Web3, and at the same time maximize the benefits of the project and reduce management costs.
Zebec Flow Payments Maximize Your Funds
Zebec's streaming payment is a way of paying fees according to time. As the name implies, it allows the payment of funds to continue like flowing water. To put it simply, it controls the continuous payment method of funds through programming, so as to achieve the purpose of paying reasonable salary for Web3's DAO organization.
Zebec enables Web3 project employees to receive corresponding compensation in real time, which is safer and more efficient than monthly settlement in the corporate system. The main reason for not using flow payment in the modern financial system is that the system pressure of payment and settlement makes the conditions unacceptable, and it is very easy for Zebec to carry out flow payment through smart contracts. Use flow payment to distribute salaries, so that organizational members can use labor income in a timely manner and maximize the use of their own capital flow.
Zebec eliminates payment disputes in gig economy
Zebec provides the Zebec Pay tool for DAO organizations. Developers can set personalized salary distribution strategies to ensure the rationality of work progress and remuneration between DAOs and individuals. For example, let's take the flow payment between DAO organization and community developers as an example.
The community selects developers to develop functions for DAO through voting, and uses DAO to control the treasury to the third-party Zebec flow payment multi-signature agreement, which means that the salary of developers is open and transparent in the community, so that Encourage developers to work hard to serve the DAO project.
For example, to achieve payment according to the established goals, and to formulate the flow payment speed by monitoring the amount of code submitted by developers and the delivery of new functions after the completion of important time points, so as to motivate developers to complete tasks more quickly and efficiently, without the need for Web2. The kind of managers to conduct performance appraisals. In fact, stream payment has fulfilled the purpose of assessment and performance to a certain extent.
On the one hand, the flow payment is used to monitor the enthusiasm of employees and prevent the phenomenon of passive slowdown due to the "big pot of rice"; Payment policies are available on-chain.
Stream Payroll Security
On August 3 this year, a large number of user wallets on the Solana chain were stolen. After analysis, the target was initially locked on the private key uploaded to the server caused by the hacking of the Slope wallet. Of course, the wallets of the founders and employees of the Slope team were not spared.
Those who have known the blockchain DAO organization and Web3 should understand the importance of the project treasury to the project party and the DAO organization. Once the funds of the DAO organization are stolen, unless there are investors donating or financing later, the DAO may be difficult to maintain, because investors face the price loss of DAO governance tokens, and DAO cannot hire employees to maintain the normal operation of the organization work, especially in the current bear market.
At this time, a mechanism that can ensure the normal operation of the organization is necessary. Therefore, the salary management mechanism of DAO is very important for the development and survival of DAO. The Multisig Safe used by Zebec ensures the normal operation of DAO.
Multisig Safe stores employee salaries in a multi-signature co-management address. Generally, multiple leaders elected by the community can be responsible for the management of the address. For example, we set up a 3/5 wallet, that is to say, there are 5 people to jointly manage the salary treasury address, and only three people need to agree to set the corresponding salary payment procedure.
On the one hand, multi-signature can ensure the safety of funds and prevent hackers from stealing coins. That is to say, through Zebec's multi-signature management and salary distribution, even if there is an accident in DAO, the employee's salary treasury is still safe. At this time, it can ensure that the DAO organization has a certain amount of follow-up operating funds, so it still has a certain degree of cohesion for the DAO.
For a centralized corporate system, the boss or legal contract is the bond to maintain cohesion, while for DAO, only the payment agreement stored in the smart contract is the driving force for DAO employees to persist, and this payment agreement is It is determined by DAO governance voting.
Other application scenarios of Zebec flow payment
In addition to the solution scenarios of Web3 and DAO organization salary distribution, Zebec is actually applied to multiple payment scenarios, such as the following cases:
Locking airdrops: set unlocking rules for airdrop users through Zebec flow payment, which not only ensures that airdrops can attract enough real users and market enthusiasm, but also prevents airdrop users from excessively cashing out, which will cause difficulties in project market value management .
Traditional enterprise commercial settlement: Zebec is not only applicable to the salary distribution of decentralized projects and organizations such as Web3 and DAO, it is also applicable to Web2 and even traditional entity enterprises.
For traditional enterprises, cash flow is an important factor for survival. We may have seen a company with tens of billions of assets go bankrupt because there were no tens of millions of cash in the bank account. This is obviously unreasonable. And through Zebec, it solves the problem of cash flow of the enterprise, thus avoiding the financial crisis of the enterprise.
Maintenance of rights and interests of personal commercial transactions: Zebec flow payment is also applied to the maintenance of after-sales rights and interests of personal goods. For example, in the event of unfinished buildings, blockchain smart contracts and Zebec flow payments can suspend the continued payment of unfinished developers. At this time, developers will be forced to complete the construction, thereby ensuring the legitimate rights and interests of consumers.
Zebec officially provides developers with the corresponding development tool Zebecprotocol-sdk, which is a js-based toolkit. Developers can carry out secondary development on it, so as to develop various suitable payment scenario applications, so as to meet various complex requirements. payment terms.
Expanding from this point of view, in fact, most of the asset transfer behaviors on or off the chain are transactions. As long as they are transactions, there is actually a sequential problem. . Use the flow payment method to divide the paid assets into several parts. Once the other party breaches the contract or damages your own interests, you can suspend the flow payment, thereby reducing your own losses. Therefore, Zebec can obtain nearly 3,000 shares from top institutions. million dollar financing was expected.
Favored by top institutions, still undervalued
According to media reports, Zebec announced in February this year that it had received $15 million in financing. The investment was led by Solana Ventures and Distributed Global, Lightspeed Venture Partners, Circle, Coinbase, Alameda Research, OKX Blockdream Ventures, DST Global Partners, Road Ventures, Global Founders Capital, BECO Capital and other institutions participated in the investment. In addition to the subsequent token sales and institutional additions, Zebec has received a total of 28 million US dollars in financing, which is at a relatively high level in the current encryption industry financing cases.
After professional due diligence and business model estimation, the top institutions in these industries value Zebec's project at about US$10 billion. This is a relatively conservative valuation based on Zebec's application scenarios and future commercial uses. Also speaks volumes about smart money choices. Because the application scenarios of Zebec are very extensive and imaginative. The DAO organization will become the main organizational form in the future, and Zebec will play an important role in the operation of the DAO organization. At the same time, other organizational forms are also applicable. This wide range of products that are easy to implement and can solve practical problems is extremely imagination.
According to the data on the chain, the current circulating market value of Zebec's protocol Token ZBC is only about 17 million US dollars. Compared with the valuation given by top institutions, ZBC is in a seriously underestimated range and still has great potential for appreciation.
Summary - flow payment will become the trend of the future
Flow payment is not just a simple wage payment issue, but will also completely change the existing economic operation mode. The reason why the traditional financial industry does not implement streaming payment is due to system load and technical reasons on the one hand, and the unfairness caused by the power of capital on the other hand. Blockchain and Web3 itself bring an open financial environment, and eliminate the inequality of various financial instruments through code. At this level, the flow payment made by Zebec will also develop along with the growth of Web3, thereby changing a series of economic status quo, and the impact it will have is far-reaching.