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Who issued the Zeebu (ZBU) currency?
The Zeebu (ZBU) currency was issued by the Zeebu Foundation, a non-profit organization based in Singapore.
Dec 07, 2024 at 12:28 pm
Who Issued the Zeebu (ZBU) Currency?
Introduction
Zeebu (ZBU) is a cryptocurrency created in 2017 by the Zeebu Foundation, a non-profit organization based in Singapore. It is an ERC-20 token that runs on the Ethereum blockchain. ZBU aims to provide a fast, secure, and cost-effective means of payment for goods and services.
Who Issued Zeebu (ZBU)?
1. Zeebu Foundation
- The Zeebu Foundation is a non-profit organization that oversees the development and issuance of ZBU.
- The foundation is responsible for managing the ZBU blockchain, ensuring its security and stability.
- It also conducts research and development on the ZBU ecosystem and promotes its adoption and use.
Mission and Goals of Zeebu Foundation
- Promote the adoption of ZBU as a global currency.
- Develop and maintain the ZBU blockchain and its supporting infrastructure.
- Research and develop new applications and use cases for ZBU.
- Foster collaboration and innovation within the ZBU community.
2. Distribution of ZBU
ZBU was initially distributed through a token sale event in 2017. The token sale raised over $15 million and attracted a global investor base.
Distribution Method
- A percentage of ZBU was allocated for the token sale.
- The remaining ZBU is held by the Zeebu Foundation for future development and distribution.
3. ZBU Ecosystem
The Zeebu ecosystem is a growing network of projects, services, and individuals that contribute to the development and adoption of ZBU.
Ecosystem Components
- Zeebu Wallet: A mobile and desktop cryptocurrency wallet for storing and managing ZBU.
- Zeebu Exchange: A decentralized cryptocurrency exchange for trading ZBU and other cryptocurrencies.
- ZeebuPay: A payment processor that allows merchants to accept ZBU as a form of payment.
4. Future Development
The Zeebu Foundation is actively working on the development and expansion of the ZBU ecosystem. Future plans include:
- Expanding the ZeebuPay network to more merchants globally.
- Developing new applications and use cases for ZBU.
- Collaborating with other blockchain projects to enhance interoperability and adoption.
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