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TRIBUTE: The Community Controlled DeFi Platform with Deflationary Mechanism

Team Bitcoin Daily

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TRIBUTE (TRBT) is a deflationary DeFi platform that uses game theory analysis and social influence to create an exciting and unique economic landscape. 

The TRBT ERC20 token follows a liquidity distribution mechanism called “Proof of Decentralized Liquidity” (PoDL), with about $1M in liquidity currently locked in the protocol. 

This model allows users to have a direct share in stabilizing the TRBT price, which is currently holding steady at $9.65 on CoinMarketCap

The platform saw a $3M trading volume on its first day, with 640 unique wallets holding TRBT in 4 days. In the past few days, about 4% of the total token supply was burned. This high burn rate creates an incentive to hold the token by bolstering the circulation’s token demand. 

The Tribute ecosystem already has three dApps at its disposal; conTRIBUTE, ENFORCED TRIBUTE, and TRIBUTE TO LIQUIDITY. These dApps give the project a rare aspect of instant utility in the DeFi space.

Moreover, these dApps create a separate incentive to interact with the project’s native token and maintain a steady flow of TRBT moving through the ecosystem.

Why is TRIBUTE Unique in DeFi?

Tribute features fully decentralized elements that delegate full ownership and control to its users, allowing them to choose which dApps integrate into the platform. The team has no dev fees on any of the dApps. 

The project has started building upon the starting suite of dApps with the long-term vision of outlining longer-term dApp incorporating governance. 

The first dApp, conTRIBUTE, is well funded and has an established token distribution model which rewards TRIBUTE token holders and staked users via a “synergistic method.” 50% is sent to conTRIBUTE as dividends to the stakers directly.

The dApp’s solid distribution model guarantees that 5% of all buys and 15% of all sells into conTRIBUTE are disbursed to players as dividends. Each user gets rewards that are proportionate to their percentage share, with 

In the past few days, 11% of the total token supply was staked in conTRIBUTE. Holders utilizing the dApp earned $51,000 dividend rewards, with $730,000 worth of tokens now remaining.

Moreover, the conTRIBUTE PoDL concept offers TRBT users access to initial liquidity after 100 days via a Decentralized Autonomous Organization (DAO). 

 

TRIBUTE’s Deflationary Mechanism Bolsters Token Demand

The project’s ENFORCED TRIBUTE dApp uses a solid distribution model with an initial supply of a scarce 75,000 tokens. 

Every 12 hours, any user can trigger a smart contract to transfer 10,000 TRBT tokens, which go into a secondary contract within the dApp. 

The top 50 holders receive 5% of the total number of tokens transferred, while 500 TRBT are burned instantly, as per the project’s whitepaper

This process repeats itself after 12 hours, where the same contract transfers 10,000 tokens from the secondary contract to the initial one and burns 500 TRBT while triggering a reward drop of 5%. 

In this way, the dApp creates an increased sense of scarcity in an already scarce economy, bolstering the circulation’s token demand. The reward and burn process creates a self-cycling and hyper deflationary ecosystem. 

The TRIBUTE Lottery Rewards System

The final dApp at launch, TRIBUTE TO LIQUIDITY, further implements the PoDL mechanism by granting the community members full control of the DeFi protocol.

It does this via a lottery system in which users can purchase tickets using TRBT to enter into a daily raffle. The raffle utilizes a secure and trust-less algorithm to pick one lucky winner. 

50% of all TRBT entered into the lottery is burned, creating a hyper deflationary mechanism into the platform’s smart contract. 

Rewards issued for the lottery are a percentage of the total number of tokens controlling the TRBT/ETH liquidity pair on Uniswap

The DeFi Platform for Community Development

The TRBT project promises to solve many of the problems facing DeFi by building an ecosystem that focuses on community-driven growth. The Tribute team announced different partnerships already, with more collaborations expected soon. 

The future now looks bright for this project that seeks to establish itself as one of the pioneering protocols exploring the DeFi/Deflationary landscapes.

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Press Release

Zeebu Takes ETHDenver by Storm as Cypher Sponsor, Presents ZBU Governance Hackathon with Prize Pool of Over $45K in Prizes, $2M in Grants

Crypto Chain Wire

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Zeebu’s participation and sponsorship at ETHDenver spotlight the future of DeFi and blockchain governance, setting a new standard for community and developer engagement.

Zeebu, a pioneering force in the DeFi and Web3 space, announces its participation as a Cypher Sponsor at ETHDenver, the world’s largest and longest-running ETH event, taking place from February 23rd to March 3rd. This sponsorship marks Zeebu’s commitment to nurturing the Web3 community, fostering innovation, and promoting the spirit of #BUIDLing. With a series of keynotes, hackathons, and unique community engagement initiatives, Zeebu aims to inspire and catalyze the next generation of blockchain brilliance.

“ETHDenver represents not just a community gathering, but a melting pot of ideas shaping the future of blockchain. We’re here to be a part of that future—to contribute, learn, and grow with the community,” says Raj Brahmbhatt, Founder and CEO of Zeebu. “Our involvement as a Cypher Sponsor underscores our belief in the power of community-driven innovation and our commitment to the DeFi ecosystem.”

At the heart of ETHDenver, Zeebu will be a participant and a significant contributor, supporting the future of blockchain and connecting with industry peers, innovators, founders, developers, and the broader Ethereum community. The event will feature Zeebu’s team delivering insights into the future of decentralized finance and Zeebu’s role in revolutionizing the telecom settlement process with Web3 technologies.

“DeFi is at an inflection point, and at Zeebu, we are at the forefront of harnessing its potential to transform industries. Our presentation at ETHDenver will shed light on where we see the space heading and how Zeebu is leading the charge in making these technologies accessible and impactful,” shares Keshav Pandya, Co-founder & COO of Zeebu.

Adding to the excitement, Zeebu announces an exciting lineup of events and initiatives, including:

ZBU Governance Innovation Hackathon

Zeebu is set to host the ZBU Governance Innovation Hackathon, challenging participants to create groundbreaking solutions for blockchain governance. With prizes totalling $48,000 USDC for the winners and special grants worth up to $2 million in ZBU tokens for budding projects, the hackathon represents a significant opportunity for developers and startups to impact the future of Zeebu’s blockchain ecosystem.

Booth Donation Initiative

Zeebu is donating its booth space to showcase emerging talents and projects, emphasizing support for the community’s growth.

Empowering Innovators: Sponsorship for Developers

By sponsoring over 100 developers, Zeebu aims to boost innovation and support new talents in the Ethereum ecosystem.

Zeebu’s Visionaries Share Their Insights

Raj Brahmbhatt and Keshav Pandya, Zeebu’s leading minds, are set to deliver talks on the transformative impact of DeFi and Zeebu’s role in shaping the future of payments technology.

The ten-day event will begin with ETHDenver’s flagship hackathon, dubbed #BUIDLathon, and progress into the Main Event beginning February 29, 2024. The event will feature an NFT gallery, gaming arcade, workshops, networking gatherings, and more.

For more information on Zeebu, please visit zeebu.com.

About Zeebu

Zeebu, the pioneering Web3 Neobank, having settled more than $900M in telecom transactions, is quickly emerging as a trusted payment and settlement partner for global telecom businesses. Currently serving over 100 active telecom carriers, the platform is revolutionizing the industry by introducing blockchain-based settlements and the ZBU loyalty token. The ZBU token facilitates instant and secure global transactions and rewards participants for successful settlements on the platform.

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Press Release

Web3 Neobank Platform, Zeebu Unveils Major Token Burn Through Phoenix Protocol

Crypto Chain Wire

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Zeebu, the Web3 Neobank platform, has recently announced a strategic move to introduce the ZBU Phoenix Protocol. This initiative, aimed at optimizing token supply, underscores Zeebu’s commitment to build an ecosystem with a foundation of trust, backed by transparency and sustainability. 

Zeebu is a blockchain-based platform, specifically engineered for telecom transactions. It aims to revolutionize the sector by enabling automated settlements, facilitating seamless global payments, and bolstering efficiency and security through a unified telecom payment ecosystem. The ZBU token is a key component of the Zeebu platform. It plays a pivotal role in enabling smooth global transactions and introducing an on-chain loyalty mechanism. The ZBU loyalty token serves to incentivize and reward partners within the ecosystem for their active participation.

At the core of Zeebu’s ethos lies a steadfast commitment to revolutionizing finance and fostering sustainable growth. With the introduction of the ZBU Phoenix Protocol, Zeebu reaffirms its dedication to enhancing the long-term value proposition of the ZBU token in the market. The ZBU Phoenix Protocol, inspired by the symbolic cycle of rebirth and renewal associated with the phoenix, is meticulously crafted to strengthen the ZBU ecosystem’s health and stability.

The ZBU Token Burn Program is designed to systematically reduce the total supply of ZBU tokens, thereby enhancing market stability and fortifying the foundation of the Zeebu ecosystem. Through a carefully calibrated auto-burn mechanism, Zeebu will dynamically adjust the burn quantity based on consumption patterns and market prices, ensuring a balanced approach to token management.

Transparency and accountability are at the forefront of Zeebu’s operations. Each token burn event will be meticulously recorded and publicly accessible on the blockchain, providing stakeholders with full visibility into the process. Additionally, a portion of the tokens from the accumulated burning pool will be allocated towards new initiatives, further enriching the Zeebu ecosystem.

“The ZBU Token Burn Program reflects our commitment to innovation and sustainability in the decentralized finance space,” said Raj Brahmbhatt, the CEO and Founder of Zeebu. “By implementing this initiative, we aim to ensure a stable market presence of $ZBU token, while also promoting ecosystem growth.”

As Zeebu continues to spearhead innovation in the realm of decentralized finance, the ZBU Token Burn Program serves as a cornerstone of its strategic vision. By reducing token supply systematically and transparently, Zeebu is poised to create a more resilient and prosperous financial ecosystem for all stakeholders.

Zeebu is gearing up to release more specifics about the timeline and quantity for the ZBU token burn. The comprehensive information about the Phoenix Protocol can be found here.

About Zeebu:

‍Zeebu, the pioneering Web3 Neobank, having settled more than half a billion in telecom transactions, is quickly emerging as a trusted payment and settlement partner for global telecom businesses. The platform, currently serving over 100 active telecom carriers, is revolutionizing the industry with the introduction of blockchain-based settlements and the ZBU loyalty token. The ZBU token is designed to facilitate instant and secure global transactions and reward participants for successful settlements on the platform.

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Press Release

una Messenger: The Omnichain Communication Platform For a Truly Unbound Universal Blockchain Ecosystem

Crypto Chain Wire

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  • New, evolved iteration of “PAPYRUS” token-gated messenger creates and links vast communities connected through tokens within the blockchain ecosystem
  • Upcoming “una Swap” feature facilitates asset swaps across multiple chains in a single transaction; “mudskipper” function automatically acquires native coins required to complete each transaction
  • unagi Naming Service (uNS) replaces lengthy wallet addresses with a unique personalized identity

una Messenger, the new, evolved iteration of the “PAPYRUS Messenger” token-gated communication platform, was revealed on February 11 by leading global web3 developer Wemade as the comprehensive communication platform of the WEMIX Foundation “unagi” omnichain initiative. unagi (shorthand for “Unbound Networking & Accelerating Growth Initiative”), pioneers the mass adoption of blockchain by seamlessly integrating diverse blockchains and services. 

Unbound and transparent communication

Going beyond its origin as a platform for WEMIX-based communities, una Messenger creates and links vast communities connected through tokens within the blockchain ecosystem. una Messenger offers both official channels for each token that any holder can join and private channels that are accessible based on each holder’s digital assets where you can chat about tokens, NFTs, and other various topics. This innovative communication approach for exchanging opinions and assets is done by connecting all blockchain networks and digital assets supported by unagi through either una Wallet, WEMIX Wallet, PLAY Wallet, or Wepublic Wallet.

The first step as una Messenger begins with the integration of Wepublic Wallet and DAO. The Wepublic platform launched by Wemade, which utilises blockchain technology, is a platform that allows users to create and transparently operate their own decentralised autonomous organisations (DAOs). With the inclusion of the Wepublic Wallet to the existing supported wallets, all DAOs active within Wepublic can now establish new communication channels using una Messenger. Moreover, SBT(Soul Bound Token) issued within DAOs will serve as Proof of Qualification for entering DAO channels in una Messenger, facilitating more active communication between DAO members in each channel.

una Messenger also promises to deliver much more vivid and meaningful communication via the upcoming live streaming chat feature. Live Streaming will not only help boost interaction and engagement between users, but also build and expand the shared communities connected through una Messenger. 

New omnichain interactive DeFi features

The upcoming “una Swap” feature facilitates asset swaps across multiple chains in a single transaction. Now, both ideas and assets can be easily exchanged across all chains within the networks supporting the unagi initiative including Arbitrum, Avalanche, BNB Chain, Ethereum, Optimism, Klaytn, Kroma, Polygon and WEMIX3.0. 

una Swap 2.0 will introduce the “mudskipper” function designed to streamline asset transfers across multiple chains while alleviating concerns about possessing network-specific native coins required for gas fees. Simply put, “mudskipper” will automatically process cross-chain swaps and transactions by acquiring the native coins required to complete each transaction.

Another una Messenger innovation, the unagi Naming Service (uNS) will revolutionise user experience by providing a convenient solution that allows users to replace lengthy wallet addresses with a unique personalised identity. This not only simplifies asset exchanges but also fosters a more engaging communication environment.

With the introduction of innovative features like una Swap and live streaming, and a novel approach to omnichain interactive DeFi, una Messenger has evolved into a unified communication platform that enables the creation of immersive and dynamic user experiences. una Messenger is the one and only communication platform for a truly unbound universal blockchain ecosystem.

Download una Messenger from the Google Play Store or Apple App Store, or visit www.unamessenger.com for more information.

About Wemade 

WEMADE aims to accelerate the mass adoption of blockchain technology, and is building through its WEMIX subsidiary, an experience-based, platform-driven, and service-oriented mega-ecosystem. Based on the WEMIX3.0 Mainnet, the WEMIX ecosystem features a wide spectrum of intuitive, convenient, and easy-to-use Web3 protocols and services. www.wemade.com / www.wemix.com/communication 

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