What is the issuance and circulation of Zeebu (ZBU) coins?

Zeebu's issuance and circulation protocols ensure network stability and value retention through limited supply, pre-mining, mining rewards, trading on exchanges, transaction fees, wallet storage, and mechanisms like minting, burning, staking, and governance.

Dec 09, 2024 at 08:31 am

Issuance and Circulation of Zeebu (ZBU) Coins

Zeebu (ZBU) is a cryptocurrency designed to facilitate secure and efficient financial transactions within the blockchain ecosystem. Its issuance and circulation are governed by a well-defined protocol that ensures the integrity and stability of the network.

Issuance

1. Limited Supply: ZBU has a maximum supply of 1 billion coins, which means that no additional coins can be created beyond this limit. This fixed supply helps maintain the value and scarcity of the cryptocurrency, preventing rampant inflation.
2. Pre-Mine: A portion of the total ZBU supply was pre-mined, meaning it was created and distributed before the launch of the network. Pre-mined coins typically fund the project's development and marketing efforts.
3. Mining Reward: The remaining ZBU coins are released into circulation through a mining process. Miners contribute computing power to verify transactions and add new blocks to the blockchain. They are rewarded with ZBU coins for their efforts.

Circulation

1. Trading on Exchanges: ZBU coins can be bought, sold, and traded on various cryptocurrency exchanges. These platforms provide liquidity and facilitate the movement of coins between users.
2. Transaction Fees: When users conduct transactions using ZBU, a small transaction fee is charged. These fees incentivize miners to process and verify transactions and contribute to the security of the network.
3. Wallet Storage: ZBU coins are stored in digital wallets that allow users to manage their funds securely. These wallets provide various security features to protect against unauthorized access and theft.
4. Minting and Burning: ZBU's issuance and circulation can be influenced by minting and burning mechanisms. Minting refers to the creation of new coins, while burning involves removing coins from circulation. These processes can be used to adjust the supply and demand of ZBU, potentially impacting its value.
5. Staking: Staking allows ZBU holders to earn rewards by locking their coins for a certain period. During this time, stakers contribute to the network's security and consensus mechanism, and they are rewarded with additional ZBU coins.
6. Governance: ZBU holders have a voice in shaping the future of the network through a governance system. They can participate in voting on proposals related to protocol updates, development roadmap, and allocation of funds.