Zeebu COO on Creating a Truly Decentralized Governance Protocol

The crypto ecosystem signifies a transformative leap toward establishing a decentralized global economy. At its core, it challenges the traditional structures, paving the way for a more equitable, transparent, and borderless financial system. The essence of this revolution lies in Satoshi Nakamoto's foundational vision of decentralization.

Decentralized governance protocols are an extension of the idea of Satoshi’s vision of decentralization.

What Is a Decentralized Governance Protocol?

A decentralized governance protocol is a framework that enables decision-making and management within a blockchain or decentralized network to occur in a transparent, autonomous, and participatory manner.

Unlike traditional governance structures, which rely on centralized authorities, decentralized governance protocols empower stakeholders—such as token holders, contributors, or community members—to propose, debate, and vote on changes or initiatives. These protocols are typically governed by smart contracts, ensuring that rules are enforced automatically and without bias.

At Zeebu, we’re building a strong and inclusive governance protocol known as the ZBU Protocol, says Keshav Pandya, COO and Co-founder, Zeebu.

“We’re currently focusing on the massive $120 billion telecom industry for voice, SMS, and data transactions between carriers. Our goal is to process a whopping $25 billion in settlements within the next two years, and we're already seeing significant traction with businesses committing to process $14 billion through Zeebu in the next year alone,” he said.

Keshav further added “On our anniversary, July 21st, we launched “zeebu.fi” a waitlist URL where anyone, from crypto enthusiasts to industry professionals, can join the ZBU Protocol and benefit from it.

Instead of just distributing tokens, we're focusing on fresh capital. We'll take a 2% fee from businesses using the protocol and distribute 1.4% of that as protocol rewards. Anyone participating in the waitlist will be eligible for this 1.4% reward pool.

Based on our current merchants, we project a cumulative transaction volume of $14 billion over the next year. This translates to $280 million in fees for Zeebu. We're committed to the community, so we'll be distributing 70% of that revenue – a massive $196 million – as protocol rewards”, he added.

“To handle this incredible volume, we're building a robust infrastructure capable of processing 300 transactions per second (TPS) as we potentially onboard 500 telecom carriers.

We are also seeking validator partners who will not only establish a trust network but also increase our transaction bandwidth by contributing gas to the transactions.

Furthermore, we're expanding beyond our current presence on Binance Smart Chain and Ethereum by adding Base Chain. This makes Zeebu a truly multi-chain platform, offering flexibility for businesses.

The validators will establish a trust network across all the chains. ZBU holders can participate by staking their tokens through our delegated proof-of-stake protocol. Delegators can earn up to 0.60% of the fees we collect” Keshav said.

Keshav further explained that the ZBU protocol has three steps:

1. Waitlist and ZIP Points: We successfully ran a waitlist campaign on Zeebu.fi, aimed at building awareness and gathering valuable feedback, which concluded on November 15.

‍2. Early Adopter Staking: Early adopters holding ZBU tokens can now stake them to gain practical benefits and contribute to the network.

‍3. Governance Council Selection: Based on Zip Points earned, the top 300 ZBU holders will be invited to set up validator nodes. The entire Zeebu community can then delegate their ZBU tokens to these 300 nodes and earn protocol rewards. This allows anyone with the skills to set up a node and gain community support through delegation.

He further added,” The ZBU protocol will also have a governance council similar to how citizens elect representatives. Each ZBU holder gets one vote, delegatable to these members.

The council will be further divided into nine focus groups (technology, marketing, etc.) with active members representing the Zeebu community’s voice and helping us shape the future of Zeebu ecosystem.

We encourage everyone to join the ZBU protocol, participate in engagement activities, and learn more about Zeebu. We can build a strong and efficient decentralized platform for telecom settlements by working together.

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