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🔲 Zebec Community Spaces 🔲
Recorded: April 23, 2025 Duration: 0:58:18Space Recording
Short Summary
Zebek is making waves in the crypto space with its innovative products and strategic partnerships, including the launch of the carbon card and the upcoming Zebek Super App. The project is experiencing significant growth, with a nearly doubled holder count and a focus on user engagement, while also preparing for regulatory changes that could enhance crypto adoption in the U.S.
Full Transcription
Thank you. Thank you. Hey guys, what's going on?
Happy Wednesday.
It's bullish in the market and a lot of stuff going on.
So appreciate everybody hopping on in the middle of the week.
We got a special spaces today.
Very excited for it.
We got Simon in the building. what's going on feel free to
Introduce yourself and we got Ben as well. So feel free to take over guys and we'll be bringing in a couple more
special guests shout out ghost and
Sam that will be around the corner as well. He'll be joining. So Simon, want to take over?
Or Ben?
Hey, hey, how's it going?
What up, what up? How are you?
I'm well, man. I'm good. Doesn't it feel nicer when the markets are just running in the right direction?
Feels so much nicer to jump on spaces and chat.
Let's not jinx it but yes sir absolutely
i gave up believing in jinxing it a while back you've got to talk about it at some point it's
a nice run i hope everyone's having a good day um thanks for inviting me to come up and co-host
with you guys today simon how are you oh simon i uh not sure if we can hear you Ben can you hear him no I can't hear
Simon Simon it might be an idea to just spin around the block just drop down and come back up
and we'll also let's add Simon as a co-host yeah I mean I think it'd be better he's having sound issues so I'm going to boot him
remove
you also got
the ability to add speakers
and hosts right
yes as a co-host
I can bring up speakers but I can't create
another co-host
here he comes
alright
let's see if that works let me get a Simon. Here he comes. All right.
Let's see if that works.
Add us a speaker.
And then you should be able to also, yeah,
add him as a co-host.
All right.
Can you guys hear me?
Yes,
sir.
Perfect. All right. Glad we got through? Yes sir. Perfect all right glad we got through
that so thank you everyone for joining today it looks like we have a big audience here we're ready
to dive in and talk about all things Zbeck we haven't done a proper Zbeck focused spaces now
in a couple months obviously we've done a lot of great ecosystem spaces with you as well Ben
over the past few months.
But today we are talking about Zabek.
Absolutely. And it's great to be up here with you.
Obviously, for people that don't know me, my name's Ben.
I've been working in the Web3 space for a long time, consultant to many different businesses,
former VP creator strategy
for rug radio um and then more recently i've been supporting brands like ape chain um and others uh
with their projects and the things that they're working on uh also host a few times a week spaces
with my co-host von doom where we met simon um who came up and spoke to us about zebek and what
was going on introduced us to the project that that's a few months back simon so there's been
a few things that have been happening and i know you uh you want to take some time to kind of like
out lay out what's been going on in q1 and i've got a whole bunch of questions that i'm ready to
to ask you so uh maybe you want to just jump into it
and yeah let's let's let's dive in i know you have a few questions for us so let's do the let's do
your questions and then let's bring it out to the community because i know a lot of the community
members have questions on their fingertips that they'd love to ask us too yeah sure look i mean
the best way to get into it we we're now firmly in Q2.
There's still plenty of time left to go in 2025, but we have got a quarter under the belt.
And Q1 was rocky, right?
It wasn't what we all thought it was going to be going into inauguration season and then the promise of the golden bull and all of those things.
It's been a tough time.
How has Zebek fared
during that period? Look, I mean, it's definitely been a year of volatility,
a year of a lot of unexpected events, to say the least. I think a lot of us were expecting
a very strong 2025. Of course, we have not gotten that. But our hope is that it is now in the
process of coming back into the second leg of the bull market.
So look, like any token project, we've had our ups and downs.
But I think we've also made some very impressive milestones this year against our goal.
So we've launched multiple new products.
Our community has grown immensely.
The engagement of the community has increased.
And of course, we've almost doubled our holder count of our token on Solana, which is an impressive feat.
So I think we are in a really strong position to capitalize on the next leg of the bull market, particularly with our presence in the U.S.
and our tier one partnerships with some of the biggest names in Web3.
So a lot to come in the next couple of months from Zabak.
I love that.
That's a very comprehensive, comprehensive review of how it's been going on.
That's how you've been doing regarding Q1.
If you overlay that then with the roadmap itself,
what have been the top priorities for the project so far in 2025? And how well do you feel like you've performed against, you know, meeting the targets that you set yourselves?
Look, at the end of the day, we are a payments utility project.
So we've been intensely focused on user based growth and volume growth across our core products.
So if you look at our card product, for example, we're at over 10,000 daily active users. Our volumes are north of 30 million annualized.
On the payroll side, we're serving over 50,000 lives. We have over 250 corporate clients and
real blue chip companies. And we're doing over 500 million in volume there. So for us,
these are the metrics that matter. We track this on a weekly
and monthly basis. If you check our Twitter, we put a regular volume report out where you can see
these numbers evolve as we grow our business. And to further grow, we're investing heavily in product
development to bring the Zebek Super App to market, which will bring together our real-time
payroll product and all three of our Zebek cards in a single integrated mobile application.
And this is something that the business has been looking to do for years.
But now we're at the point where we have enough resources and the right products to plug it in together.
I love that. You said three cards.
So I know that there were two when we last spoke and i've been keeping up to date
with what you've been going uh like launching shipping you and i caught up last week you told
me ben you need to go check out the new carbon card tell me about it tell me what this is all
about we are very proud of what we've put together here with the carbon card it's truly a game changer
so we listened to the feedback from our users of both the silver and the black and we took the best features of each to launch this one
of a kind product so we're in the process of a soft rollout but what makes this product so unique
is it's the very first private crypto card with no fees at all when When I say no fees, I mean, you put a US on USDT, you spend a
US dollar, right? There's nothing coming off the top. And you can spend up to 10,000 a day.
With our silver card, you may remember you could only spend 1000 per card.
You also couldn't reload that card. And that's another key feature of the carbon card is that
it is reloadable, you can reload it as many times as you want every single day, as long as the total amount is less than $10,000.
And look, we go back to our user base and based on our data, 97% to 98% of our users spend under $10,000 a day.
So this product is for all of them.
And so far, the reaction has been overwhelmingly positive.
I love that. I've been using my card for a while. I think it might be time to switch over and to
have a look at the carbon card. Sounds really interesting. How does that then fit into the
overall product suite and the ecosystem at large? You've got a lot of products now.
Give me a rundown of how that all dovetails with like with one another.
So when you think of our card products, just kind of as a subset here,
we have different cards for different use cases, different user types, different geographies,
right? We have the black card, which is really the fully loaded, fully functional debit card.
You can spend as much as you want on it.
But of course, there's KYC and there's some geographic limitations.
Then for those who do not want to do the full KYC,
we have the silver card and we have the carbon card.
So the silver card is the instant card.
It's the one-time use card.
For example, if you want to send money through a global remittance
that's connected to your payroll,
the silver card is a great option
for that, right? Because the receiver can get it, they can spend that money one time, they can add
it to their Apple Pay or Google Pay. The carbon card is really for the everyday use. We're seeing
a lot of carbon cards now getting connected to our streaming payroll service, which means that
users are essentially taking a portion of their earnings on Zebeck streaming pay and they are rerouting that to
their carbon card rather than previously they were sending it to exchanges they were moving
it to banks they were losing lots of money in fees and off-ramp charges and the carbon card
has been able to completely eliminate all these middlemen which is great for our users.
Absolutely.
And I love the fact there that you're thinking about the broader audience as opposed to just kind of like, you know,
when some people have like good, better, best,
and that kind of like, you know, great.
But this feels much more like you've considered the location,
the circumstances of all of the people in the community.
And I think that that feels really nice.
So if you want to be compliant in all these different geographies, you have to alter your product for the markets you serve.
And that's very important for us.
Yeah. Yeah, I see that.
And I heard you speak right at the beginning there when we were talking about Q1.
You mentioned the Super App, the Zebex Super App.
Like anything with Super at the beginning of it gets me going.
Tell me what you can about the Zebex Super App.
Like what is it?
When can we expect it?
What's going on?
So the Super App's been in development now for a couple months and it'll be launching
later this year.
And it's going to bring together all of our major products in a single easy to use mobile application. That means you can receive your
real-time payroll right within the app, convert stables to various cryptos, create multiple
Zebit cards for different currencies. So depending on where you are in the world, where you're
spending, if you travel, you can have a card in pounds and euros and USD, almost like what Revolut does.
But of course, we are a crypto first product, which means that there'll be an integrated fiat to crypto on-ramp.
So you'll be able to load it up with a direct bank transfer into stable coins and tokens.
And nothing like this has really existed before.
As I said, you know, a lot of inspiration from what Revolut is doing in the fiat world,
but we are a Web3 first banking experience. Nice one. I love it. I've just pinned to the top here
the post that people can click on if they want to just to go and give it a retweet,
or they can hit the little purple pill down in the bottom right-hand corner. It'd be great to
get more people in here. So we've got lots of people listening in everyone goes down to that purple pill at the
bottom right hand corner hits a like gives us a repeat retweet um we get the opportunity to bring
more people in to talk about this stuff it's uh it's super interesting um so there's the zbcn
token like how does all of this fit into the roadmap that you're laying out in front of us now?
Well, ZBCN has been our native utility token since we launched right back in 2022 now. So
it's been a few years, but everything that we built here at Zebek really links back to the token. So
ZBCN will play a fundamental role within the super app. It'll help unlock new features and products
while reducing fees that users pay.
So the more ZBCN you hold,
the more benefits you'll reap from using our products.
The network participants will receive rewards
that come back to them in ZBCN.
So whether it's our DeFi integration,
such as staking, development grants within our ecosystem,
or even cashback for the top spenders on the ZipBec card,
it's always been a continuous flow of revenue, rewards,
and ultimately token buybacks,
which have steadily removed more and more ZBCN out of circulation
and bolstering our value as a network and a token.
So if you look at our historical monthly buybacks,
you will see consistent month-over-month growth.
And a lot of this is directly linked to the growth of our network
and the growth of our network and
the growth of our revenue across our payroll and our cards. I love that. I love that, man.
Comprehensive. Thank you for that. When you came onto my show with Von Doom a few months back,
one of the things we did towards the end of the show is we kind of put you on the spot.
I'm going to do it again for you now we we so we asked you to think about like what the the broader outlook for
crypto and for web3 like longer term blockchain tech etc i i i want to get you to do that but
kind of hone that into what's going on here at zebex so like long, what are your aspirations for the project and really kind of give it to us in a, you know, like break it down in terms of what you really want Zebek to achieve in the coming months and years?
I mean, you got to look at our history here, right? We started as a pioneer in payroll streaming technologies. We built the very first payroll streaming technology all these years ago. But to where we are money around and being able to spend it anywhere you want.
Right. And that's, again, where the Zbeck card and the Zbeck point of sale terminal comes into play.
So we really see Zbeck becoming more and more the de facto method of payment for global
teams. So as I said, we serve over 200 companies in the world. We're paying people in countless
countries. Anybody that wants to get paid in stable coins now have that option available
within seconds rather than going through the lengthy cumbersome processes with traditional
banks and payroll companies. So long story short, we will continue to break down barriers. We will continue to reduce
friction. And naturally, we will see a movement of people that are using traditional payroll and
traditional banking onto our network as they see the benefits every day in their lives using it.
fits every day in their lives using it.
I love that.
I love that.
A man with a vision.
It's good to see.
It's good to see.
You're excited.
I can tell.
When we first met,
it was because I was a bit of a sundog maxi,
sundog over on Tron,
and they launched like a white label club with you.
We then spoke a bit and actually
you then launched another one with uh Rekt the Rekt token which was one that another token that
I held at the time I saw that you did like a bunch what have you brought any new partners on
with that recently is there plans to kind of like reach out and broaden the number of partners you've got on that white label card program?
Well, we are very proud of the white label card program we've built.
I think it's now definitely one of the biggest, if not the biggest in the industry.
And it's been a great tool for us to drive volume onto our products. So in the past 12 months, we've inked almost 100 partners on the card, which means we've launched nearly 100 branded cards for everyone from, you know, top 100 tokens to blue chip memes to AI projects, right?
We're able to serve all of these different types of ecosystems because we support eight chains, I think almost none, soon to be nine chains on the Zvek card suite.
So without a doubt, we're the most popular in the market today.
And it's really a focus for us going forward in 2025 to continue to grow and bolster this program.
And we have a lot of exciting names that are in the pipe that we'll be dropping in the next couple of weeks.
I don't want to spoil it here, but keep your eyes glued to our Twitter,
as well as our Zvek card partnership account for regular updates on new white label cards that we launch i love
that and is there if people in the audience have got like a you know an in with a killer project
that they think would be you know worthy of the white label treatment is there a route or a process
that they can come in and kind of make that suggestion? Absolutely.
I mean, reach out to our business development team.
Send us a DM on Twitter.
We're very responsive and we'll happily set up a call to figure out if the white label card's right for you.
Love it.
You recently spoke of two deals as well with two massive projects, really, globally, like Stella and Ondo as well.
Another one I was looking at this
morning can you tell us about your plan oh my goodness i'll put my teeth back in can you tell
us about your plans to bring their users into the zebek uh ecosystem i mean both ondo and seller are
very exciting long-term partners for us so ondo has has been a key RWA partner for Zbeck for the past year now.
And we've integrated the Ando stablecoin USDY within our card suite as a yield bearing tool.
And it's encouraged more user deposits given the yield benefits, right, of keeping funds in that token.
Stellar has had very similar aspirations to Zbeck over the years, of course, with the advantage of being founded a few years before us.
And they are truly a visionary within the payment space of crypto.
So today we're working very closely with the Stellar team.
We're part of their developer incubation program.
We've received grants from them to build payment systems on their rails.
And we're working on further connecting the XLM token into the ZBEC payroll suite,
as well as the ZBEC card suite. And what's the interesting application here? Well,
it's actually global remittance. So we've been working quietly behind the scenes on a number
of global remittance tools, because it makes a lot of sense, given our network, our access to
payroll, particularly in countries like in the US, which is kind of the source of remittance, and then the use of our cards in more developing economy, which is the recipients of the
recipients. So Stellar has been really, really active in these efforts. And we will be actually
making some more formalized announcements and releases with them over the next few weeks. I
don't want to announce it here. We'll be doing a separate event and spaces with Stellar.
Please keep in mind that this is something that's coming up and Zabek will be sharing a lot more
information on it. Love that. And then White Rock, right? I saw you did something there. Tell us what
you did with White Rock. So White Rock is an RWA project that we are building a white label card for.
We're very close with the team at White Rock.
We're excited to be working with them.
There was a bit of miscommunication in our announcement with White Rock earlier this week.
Our team has clarified that White Rock was not, in fact, backed by World Liberty Financial.
That was a miscommunication.
And it was really the result of White Rock's marketing team not communicating to us clearly as they approved the releases and co-drafted the releases with us when they went out.
So we're glad we could clarify that with the community.
We, of course, have the support now of Zach from World Liberty, who has also made it very clear about the relationship with World Liberty and White Rock.
Got that. OK, thank you. And then in terms,
you just mentioned like different partners and things like that. Any new exchange listings on
the horizon for ZBCN? Anything like that coming up? Well, we definitely have a few in the works.
Again, not something I can speak to publicly. Of course, we've received investment from some of the
biggest exchanges in the world. And I'm not going to speculate any further on that, but it is a priority for our team.
Yeah. And I obviously I did some research, like when you, you know, invited me to come up and
ask you a bunch of questions. I saw that there was something that happened with BitHum in Korea.
Can you give us any more information about that? So, of course, we have gone through a
delisting process recently with BitHum, which was a surprise to the team bitum never gave us a real rationale for their decision
so we and our legal team have reviewed the bitum policies we continue to believe that we're in full
compliance with the exchange policies that's why we challenged them in court but of course korea is
a foreign market to us and there's been a lot lot of shakeup over there in their crypto industry, in the regulation of their exchanges.
So for now, we are kind of just going to back down and see how things play out and focus on really growing in other markets over the next couple of weeks.
Yeah, that makes sense.
And then the other thing, when you were talking a bit about, I always forget, you know, like the diversification of your business and what Zebek looks like.
And so there's a whole payroll side as well.
What's going on from the payroll business and how is that side of things going for Zebek?
People forget that, you know, behind this token, behind this company, we have a number of real world businesses, right, that are producing, you are producing regular revenue for the company,
as well as serving thousands of users across the world. So PGP is the investment arm of Zbeck,
and PGP is continuing to make acquisitions in the payroll space, which is growing our reach
and our market share in US payroll. We have an active partnership with ADP, which of course is
the largest payroll company in the US. We're
looking at expanding that relationship through a marketplace integration in the ADP marketplace
with our instant card product, which will be used as a payout tool and our employee reward
mechanism. So it's an exciting way for us to bring further real world volume onto our network.
I love that, man. I love it. And it's a really, I remember when we
hosted you a few months back, I remember that being one of the things that actually got us
super excited. Like the stack that you guys have when it comes to real world, like financial
and then like crypto integrations, it feels like there's a lot more in the pipe for you.
So I'm super, super excited about it.
I really appreciate you taking the time there
to answer my questions.
And I know now that part two of the spaces
is where you're going to move into kind of like town hall
and community mode.
So I'll pass it over to you guys, right?
Definitely.
I mean, we have a lot of listeners on today,
which is a great sign, right?
Hopefully a lot of questions teed up.
I think we'd like to start with a member of our community by the name of Ghost.
I'm inviting him up right now.
Perfect. So Ghost is managing one of the sub-communities of Zabek on Twitter.
This is really our first time having him on a Spaces,
but we believe he's a great representative of the community and has some questions to bring forth today.
Ghost, how are you doing?
I'm doing great. Thanks so much, guys, for having me on. It's truly an honor. And I guess
the first thing I can say is, wow, just hearing everything that's planned out over the next
few weeks and just the roadmap for where the company is going, I couldn't be any more excited. And I'm sure the community feels the same way.
So I guess, you know, I'll jump right into the questions. These questions, just to clarify,
are curated directly from the ZBCN community here on X. These are not questions curated by me or
anyone else. It's purely the community. And the first question, I'm sure you guys are expecting this
one. Big question mark. I really think it's the last piece of FUD, quote unquote, hanging on maybe
to the project at this point. But one thing that a lot of people are really curious about is,
you know, what exactly happened with the nodes? What is the node situation?
What is the node situation?
For sure.
So actually before, Ghost, shout out you.
We brought Sam in the building.
So for those that don't know, Sam is the founder and CEO of Zevic.
And we definitely obviously wanted to have him on.
So Sam, what's going on, bro?
Hey, hey, hey.
Hey, everyone.
Thank you so much for
having me here and hey hey ghost thank you so much for everything you're doing for the community
um you know i'm following everything and you know jj and everyone on the team says
great things about all the things you've been doing um yeah i mean like thanks for asking the
question um i think on the note part uh there's a few things, right?
I think people need to have a clarity that Zbeck, two years ago, we wanted to spin out our own payments chain.
We partnered with one of the roll-up as a service company called Eclipse, and we launched our chain.
And during that, we spun up ZPOC nodes. Just for perspective, total money raised to ZPOC nodes was around $10
million, of which more than half of it was given to community directly in the first year. And if
you add all the ZBEC token that we have given out as reward, almost 80% of the node holder have made
three times return. And what we believe happened is because for you to receive a lot of these
reward, you need to be actively participating on chain, right? I mean, Ghost, you can expect,
you know, that's how crypto economy works, right? You have, you cannot just be sending people token
onto decentralized exchange because that defeats the purpose of being a decentralized protocol.
So we believe a lot of the, we actually have a number, I think around 300 people
are the ones who didn't claim any reward whatsoever. They bought it. I don't know how
they bought it, but somehow they never interacted with anything on chain, but they still received
quite a bit of reward. And we believe they, you know, when they received those rewards,
they didn't sold it. And now they're having a reckoning that, oh, wow, it's been a time passed and they haven't gotten a reward or whatever their justification of not claiming those rewards.
But the clarity is the roll-up as a service company that we partner with Eclipse, they migrated their stack.
So we had to do something about the Nautilus chain,
and it was acquired last year by 3Base team. They are actively working to resolve the remaining
concern of the node holders. We believe when the 3Base token gets launched, all people, including
some of our own team members, will be able to receive some reward because we do have, you know, we do have some of our team members have also invested in these nodes
because we believe, you know, it will be a great chain
when we were spinning this out.
So TLDR, you know, these nodes existed two or three years ago.
A lot of community members received quite a bit of reward.
There's on-chain data that people can verify this.
And some of these users who didn't receive the reward because they didn't participate
in on-chain activities are the ones who are unhappy.
But since Nautilus was bought by 3Base, we believe once the 3Base token gets launched,
all of these people will be made whole, including some of our own team members.
So I think that's the note situation.
No, thank you for that. Now, I'm so sorry for speaking out of turn as well.
I thought I heard my name there. So really want to...
Oh, no, you're good, bro. You're good. All good, man.
Okay, cool. And it's great to hear you talk about things on chain. Just to kind of piggyback off of that, what is maybe the projected growth rate for value on chain in the next, say, 12 to 18 months, if you had to predict?
That's a great question. And as I said earlier, those are metrics that we track very closely as a company.
as a company. So our card target by the next 12 months is a 3x from our current volume at 30
million. So our goal is to get to 100 million in card volume. And on the payroll side, our goal is
to grow that 2x. So that would get us to 1 billion in payroll volume. And the payroll growth would be
a mix of organic growth, as well as acquisitions, which has helped us get to where we are today.
And just on a side note, right, if we are able to do $100 million in card volume, that
would officially make us the largest payments product on chain.
In fact, like probably like first, you know, first in this in this landscape.
And, you know, that would be a that would be quite a big of an achievement.
And we have achieved $30 million in a very short period of time.
So the growth rate on Card product has been actually spectacular.
And all thanks to the great work done by Simon and the team here.
Thank you, Simon and Sam, for that one.
Thank you, Simon and Sam, for that one.
The next question that we have from the community is, is the ZBEC network expected to be ISO 222 compliant?
Yes, it is.
This is a high priority item on our roadmap.
Of course, we work closely with Stellar and other companies in the space that are up to this standard. And as Zavec's network grows and we roll out more products in more
countries, the importance of the ISO compliance is greater. So it's something that's on our
roadmap and it's something that we should have within the end of the year.
Yeah, I'm sure that got a lot of people really excited in the community here. So
absolutely. Yeah. I mean, not many crypto companies of people really excited in the community here. So thank you for that.
Absolutely. Yeah. I mean, not many crypto companies have this, right?
And it's not an easy thing. You have to be very compliant.
You have to check a lot of boxes.
But, you know, Zabek from day one has always operated, you know, in the U.S.
and in other regulated markets.
So for us, it's a lot easier to get these compliance standards
than your run-of-the-mill crypto project.
Absolutely. And speaking about the US, and obviously we have crypto regulations coming
here soon. I'm sure the stablecoin regulation is going to be a really big thing. What are your
guys' thoughts on, I guess, the upcoming crypto regulations here in the U.S. and how Zebik
is really positioned to benefit from these regulations when they do roll out?
Look, we're more excited than anybody, right? These regulations have been long overdue. We've
been operating in the U.S. now for over four years, right, in this regulatory gray zone,
like all other crypto projects have, right? And we've done our best to be as compliant as possible and to, you know, follow all the highest KYC and banking rules. But now with a very crypto friendly head
of the SEC, the ability for US banks to serve crypto companies, and then the clarity that's
going to come out of the Stablecoin Act, it's really going to let us supercharge our business
in the US, particularly when we have so many millions of dollars in payroll
flow going through U.S. businesses. Now we can really drive the crypto adoption of that payroll
money that we were not always able to do before, just given the variation of banks' acceptance of
crypto. Absolutely. And speaking about some of those use cases, are there any potential use cases for ZBCN or maybe the Zebik Network that might not be on the radar or on the maps of common investors like myself and other community members?
What are some of those maybe potential use cases that we're just not thinking about or seeing right now that could come in the future?
Well, I'm sure everyone who's a ZBCN
investor, I'm hoping, is also a ZBCN staker. We launched staking last year. It's been incredibly
successful. We have over a billion tokens staked right now. But there's more and more DeFi
applications of ZBCN that are coming to market. As I mentioned earlier, the rollout of the super
app is going to be a massive development for the company in the next few months. The ZVCN token will be integrated core to that app, meaning that your balance of stakes ZVCN
or held ZVCN will directly impact your ability to open new products, use the services, also reduce
your fees to as low as zero, right? If you hold a certain amount of ZVCN and that's when things
are going to get really exciting. Of course, we also have the reward mechanism on the roadmap.
So you'll start seeing ZBCN coming in as a reward of cash back for our car products.
But for us, ultimately, it's so much more important to have our buybacks higher than
any rewards that we're doing.
And luckily, with our revenue growth trajectory, we have no issues ensuring that our buybacks
are going up month over month.
So that way there's more token being removed from the market than being added to the market.
And adding one last thing to Simon's point.
So as we get to our $100 million per year card volume target, what it clearly will show
to the market is, you know, JeEC card has a tremendous utility, tremendous distribution.
And we would open that distribution to the community.
It means anyone who has a certain number of ZBEC tokens staked, they can propose a vote to add certain tokens on our card.
So as we had our, you know, we discussed about our white label card product, we want to
open that up to our community once we are able to reach a certain number of distributions. So that
means community will be able to decide which token will get listed. And we believe at that time,
it will start to show a utility structure closer to CRV token, where, will start to bribe ZBCN holder and staker so that their token gets voted
higher than another token. So we believe that will make community even more stronger as they will be
in the forefront of decision making of what specific products get added and how our app
ecosystem starts to behave.
Yeah, I think the community is definitely going to be pretty excited about that one.
Alongside the stake and rewards and everything that you guys have going on right now,
it's only going to get better as the ecosystem grows, I can imagine.
And this is actually my final question.
I don't want to steal all the spotlight.
I'm sure there's other community members that do have questions as well.
And I'm not even sure if you guys are able to answer this right now, but how many NDAs, if you had to estimate, are in place right now with ZBEC Network and maybe other companies out
there? So that's a bit of an interesting question because we don't typically track NDAs. I mean,
we have NDAs with a number of companies, but that's really something that's very early stage.
We sign agreements with all of our car partners, for example, all of our payroll
clients are in annual agreements with us.
And that number, if I were to estimate, is well north of 350, right?
Even, you know, getting close to 500.
So that's really the metric we track.
NDAs kind of come and go as we have conversations with potential partners, but it's really the signed annual contracts that matter.
No, that definitely makes a ton of sense. And even hearing that 300 figure, I think that's
going to get a lot of people really excited. So thank you for sharing that. And like I mentioned
before, that was my last question. I do want to just end it off by saying thank you so much for the opportunity to come on the space today.
And, you know, I guess represent the community and some of the questions that they have around the project.
I think I speak for everyone when I say that we're really excited about the roadmap and, you know, just hearing more about, you know, what's to come over the next few weeks and obviously the next few years.
So thank you guys so much.
Love what you're building.
And yeah, I'll be here supporting.
We really appreciate it, Ghost.
You've been a tremendous voice of the community, and we hope you can keep doing this great work.
Yeah, really appreciate everything that you do.
All right, so we have, I think, eight minutes left for additional community questions.
So let's get into it. JJ, do you want to pick a few from the audience?
Yeah. So feel free to request if you have a question for us. We got around eight minutes that we just want to take questions from you guys. So, yeah, I see a few kind of like requests out there. Let me, Volatility Cowboy, I see you.
So let me, hey, Volatility Cowboy, you there?
Hey, guys, can you hear me?
Yeah, sure.
How are you, man?
Beautiful.
I'm having a wonderful day.
Thanks for letting me up here, guys. I really appreciate it.
I just have one question. That's all.
Got you. Go ahead, bro.
So me and Ghost kind of came together a long time ago, discovered Zaback, and he created this Twitter page,
and me and him have been doing some work on there, tons of research.
But my main question is, why would a business hold on i
gotta go hold on what a shame that sounded like it was going to be a really good question let's
let's let him back where did he go yeah no i think he he i mean i didn't mute him. He had to drop. Yeah, he had to drop.
So, I mean, if – probably something came up.
But, yeah, let's – yeah, let's – I guess –
Let's move on to the next one, and if he comes back, we'll bring him on.
All right.
So, let me see what else we have.
Let me see.
So, this doesn't happen again.
I think there's a lot of like questions here on um
hey guys can you hear me yeah we can what's uh yeah what's your question i'm so all right i'm
sorry about that i'm a fireman i'm at work right now but i just walked to the bathroom um so my
main question for you guys is why would a company
want to choose zebec network in their protocol and their real-time payroll streaming compared
to what they use now like what benefits is the company themselves going to gain like how are you
planning to essentially get into these big markets or even just everyday business
that's a great question and that really hits on our value proposition
and our product market fit, which is of core of importance.
So if you look at crypto companies, right?
Crypto companies are paying their employees
through wallet transfers, right?
Which are slow, they're cumbersome,
they're prone to mistakes,
they don't have integrated reporting.
So our tools take all that work off their operations plate
and they put it in a
streamlined software where all of it can be tracked, and it can put out monthly reports and
metrics, and their employees have the benefit of receiving that money in real time, right,
which is a perk. Now you move over to traditional web two companies. And for them offering real
time payments and crypto payroll, it's almost like a recruiting tool.
It's a way to keep their employees happy, to attract younger employees.
You know, a lot of Gen Z folks are very open to receiving money in crypto, and they might
choose between two comparable job offers, the one that offers a crypto payment offering
or a daily pay offering as a selling point for them.
So that's really how we see ourselves serving our clients on the payroll side.
And also adding one last thing is, I mean, like we can get this data that you can check
online, you know, more than half of Americans are living paycheck to paycheck, right?
And America is one of the, you know, one of the better countries, right? Like most of the world now is struggling. So in the world like
that, people receiving their paycheck in two weeks is the reality here. But in majority of the
countries outside, it's actually people receive their paycheck once a month, right? So in a world
like that, companies have a lot of incentives to open up these real-time
payments because this is the right thing to do. Because if people are able to receive the money
even a day or two day early, they don't have to rely on these payday loans and these predatory
lending businesses that is prevalent all around the world.
So overall, this is a good product to offer for businesses because this boosts employee morale
because happy employees equals to happy companies.
And more importantly, you want your employees to be focused,
happy, and not having to rely on these predatory payday lending
and products like that.
Cool. No, that's awesome. Honestly, I was just trying to figure that out because, I mean, I fully support the system and I think it's revolutionary, honestly. And the partnerships that you guys already have are mind blowing and amazing. And I was just thinking about what your plan was to essentially get into everyday business, if that was a thing.
I mean, I'm sure this system will allow these employers to pay people in fiat or crypto,
essentially, so it wouldn't be any different than what they're doing now, except there'd
be way more technological benefits that go along with it.
Exactly.
Cool.
Well, thank you guys.
And I apologize for the toilet, and I apologize for cutting out.
My fire chief literally walked in. It was kind of awkward. So.
All good. Shout out all the firemen. We really appreciate what y'all do and for being on this space. So, yeah, let's go to the next one because we're running, I guess, out of time um so feel free to pick uh or wait let me see uh
Pep I'm not sure that's how you say it
all right let's get him on all right let's see so Pep are you there
all right yeah if we call you on hello can you hear me
what's your question bro
yeah my question is so
quick
for early investors
like me
some weeks ago
I would like to know
what Logos Civic transmit i would like to know um what uh logo civic transmit i would like
to to know who decided the the cb logo and why the colors and what what represent
well that's an interesting question i think we don't get too much asked about our design
ethos as a company.
I mean, if you go back to the founding of Zabek, the vision was a ship, right, to represent the freedom of movement, right?
The freedom of movement of your funds around the world without borders, without friction.
So that's where our logo comes in.
And our color scheme has always been an evolution of the blues and the purples and you'll continue to see that going forward you may see a design revamp later this year um but nothing official as of now
yeah it's a very interesting question the reason is zebek means a ship and we used to be called
you know we want to stream money and and zebek's where the early ships that were used, you know, they were cheap, you know, they
were really used for like, you know, fast transport between the Mediterranean Sea. So we thought like,
you know, what we represent is something similar, which is, you know, we want fast flow of money,
you know, and we wanted it to be, we wanted to be cheap, affordable for the community, like,
it to be cheap, affordable for the community, for the users. So for overall, we believe
that to be something that made our product vision seem more clear. So yes, ZBEC means the fast ship in the Mediterranean Sea and we thought that we could be the stream in the Solana ecosystem and over the long run to all the other crypto ecosystem.
I think that any kind of logo has heightened a spiritual part.
And it's very nice and very exciting how do you see your vision about what CEBEK means and represents for people and fory for finance.
So thanks a lot for your explanation.
It's really appreciated.
Appreciate the question.
Thank you so much. One or two more?
Yeah, for sure.
So I got a few that I see on DMs and on these bubbles.
So I'll just list them for you.
So there are a few super apps out there already, like the Revolut in Europe and Venmo slash Cash App in the US.
How do you guys envision the Zebek super app to compete with, you know, kind of these legacy apps?
Well, it goes back to what I was saying earlier, that a lot of these legacy apps were kind of built from banks.
They're kind of banks in disguise of being a super app.
Versus with Zbeck, it's always been crypto first. We are a Web3 native protocol and a network.
So having that as a benefit allows you to move funds a lot more freely, transact in different
crypto tokens and different fiat currencies and move money on and off chain at the click of a button.
And that's something that Venmo or Revolut have never really fully adopted.
They've added in features where you can buy crypto, for example, using funds in your Revolut,
but never that full crypto based banking experience, which we are building today.
Yeah. And also another thing is like over the long run, we might be able to connect like API
of, you know, apps like Radium, Orca, or like, you know, Jupiter, you know, where people are able to
do swaps, right. And over the long run, if the users like that product, we might not, you know,
hesitant on adding the API of Hyperliquid, right? So this means you are able to get the trading experience of Coinbase Pro
with the free money flowing experience of Venmo and Cash App, right? And I think that is a clear
differentiation and this will be global, right? Anyone in anywhere in the world can use it.
They can on-ramp their local currency through our on-ramp partner
they can off-ramp using zibak debit card right so it will make us a much more cohesive app compared
to those legacy partners awesome uh so that was a great question we got um i got a few more so
um the payroll aspect is good the rollout seems slow. Is it because crypto adoption is slow, at least in America? And do you see it exploding now that we have a crypto president? I guess it's more of regulatory oversight and regulatory clarity. Now things
are changing at a very fast pace. So we envision, you know, a large uptake in adoption of crypto
payroll in the US, even in the rest of 2025. I think, you know, we are actively revising our
targets to much higher levels and we're preparing the business to take on much more volume given these changes.
Awesome. I got a card question. So are the cards only for US? Try to get a card onto Apple Pay and it says I need a US phone number to confirm, but I'm in UK, so I'm not getting a code.
Hey, that's a great question. That's something that our product team is actively working on
fixing. We are going to be transitioning to email OTP, which is going to solve this phone number issue. So users will be able to receive that code on email and add the card to Apple Pay seamlessly.
You know, we got great feedback and, you know, people love their cards.
But, you know, obviously sometimes there's people that have some support issues.
Feel free to send us a telegram DM on our community.
One of our mods will get back to you with with with a reply and we can get your problem solved ASAP.
So let's see.
So. Says Tim has a question. Let me see. Oh, Tim. All right. Let me think I see him.
So we got, uh, Tim coming up. Tim, can you hear us?
yeah can you what up what up hey guys um just a quick question i've seen you you guys more than
Yeah, I can hear you.
What up? What up?
anyone actually in the last kind of downtrend heavily heavily working with a lot of your card
partners across sports and really pushing that retail narrative for the communities that you're
working with and then zbeck as a whole how is ZBEC looking ahead for the rest of this year and into next year
to kind of utilize sports and connect with retail and IRL media?
That's a great question, Tim.
And really, it goes back to us being essentially a consumer-facing fintech brand.
So for us, it's very important to build this brand name
and this brand value.
And we found the best way to connect with our target audience
is through Tier 1 sports.
So over the course of the past six months,
we've sponsored the UEFA Games in Europe.
We are a sponsor of Premier League as well as Bundesliga.
For our fans who tuned in for Saturday's game,
we were all over the pitch as well as in some of the highlights of the goals
with Zabek and our card website prominently displayed behind the goal.
So this is something we want to double down on and invest in
as we've seen incredible ROI for our brand.
So it won't be a surprise to see us potentially in u.s sports league later this year we are in
discussions with the n the nba as well as the mlb so a lot more to come on the sports side
awesome uh let's do wait tim you want to say something else my bad bro no no no that was it
that was it appreciate that awesome it. Appreciate that. Awesome.
I guess we got, Simon, one more question is good.
Let's do one more.
Yeah, we're running over time, but let's squeeze in one more.
All right, cool. So in the U.S., there seems to be more hesitation for retail users to adopt crypto as a payment method.
For those people, what features or education do you think are most critical,
you know, to get them to trust and use, whether that's a, you know, a crypto card or a crypto
payroll, right? Well, look, it's understandable. I mean, the U.S. has had, you know, its fair
shares of rough patches in the development of its crypto industry. Of course, some of the big U.S.
crypto companies had spectacular failures. Of course, FTX was primarily serving the
US market. So a lot of US crypto people have these bad memories. But the industry has come a long way
in these two years. The industry has cleaned up significantly. And I think trust is slowly coming
back into the system, particularly with Americans and particularly with the president's open support of crypto, his family having its own crypto entity as well,
is helping rebuild the trust in the market.
So I think the U.S. will see faster adoption,
particularly as payments in the U.S. are traditionally slower than in other markets.
Of course, doing a wire transfer in the U.S. can sometimes take two or three business days.
And that's why crypto, believe will be you know a very
important tool for americans to make easier and quicker payments fire um all right guys uh we
were supposed to do a 45 minute one but i think we're like eight minutes past so no problem at
all we definitely wanted to you know have this, you know, let the community know what's going on behind the scenes and kind of answer,
you know, all the questions you guys have.
So Ben, of course, Simon and Sam and Ghost,
shout out all you guys for making it, you know, through.
I know everybody's busy and the market is going down now, but it's, you know,
it was pumping yesterday.
So everybody's kind of distracted.
We appreciate everything.
So anything – and shout out everybody listening and tuning in.
I know it's a Wednesday in the middle of the day, so we really appreciate it.
Simon, Sam, any closing thoughts?
Well, look, we're really impressed with the turnout of the community today.
The spaces just keep getting bigger and better every month. So please follow us closely on Twitter. We'll always be putting out new announcements.
There's so much on our roadmap that we're excited to announce in the next couple of weeks. And of
course, the market looks like it's coming back strong. So now is our time as a network and
we encourage everyone to stay really active in our community as we build together.
really active in our community as we build together.
Absolutely. I think, I mean, people who are here, they should know that, you know,
when FTX crashed, our investors, Seed Round Investor had a token unlock. So we went through
the absolute like bottom of the market and we were still building the same thing. Now the market is recovering.
The regulatory pathway has cleared up and the adoption has increased.
So it just shows how much we have grown as a product because two years ago when FTX crashed,
banks were not giving bank accounts to crypto companies and now banks are launching
their own stablecoin. So that just shows how much the space has grown and in the same time,
how much us as a project has grown. So thank you so much for everyone supporting us throughout
this process. And thanks so much for everyone in the team. And again, thank you, thank you,
thank you, thank you, thank you you thank you goes thank you thank you ben
um you know uh and and everyone else who uh you know who was able who was able to join today
awesome guys so thank you again we really appreciate it and we'll be having these uh
you know regularly so just tune in for the next one uh we like to do these either bi-weekly
um or you know kind of like if there's something going on,
we like to kind of like have them impromptu.
So let's get it, guys.
And, yeah, we'll see you on the next one.
So peace.
Have a great rest of your week and weekend.
