Solana

Bitget lists Solana-based Zebec protocol on its launchpad

Bitget lists Solana-based Zebec protocol on its launchpad

Singapore, March 14, 2022 — Bitget, one of the world’s leading derivatives exchanges, has announced the listing of Zebec, a continuous settlement and multi-signature protocol based on the Solana blockchain. The Zebec (ZBC) and Tether (USDT) trading pair on Bitget will be available to traders after March 16 at 10:00 UTC.

Zebec uses decentralized payment mechanisms to transform and simplify traditional financial systems, offering real-time transaction settlements. Decentralized payment mechanisms help minimize third-party interference transaction fees for minimal transaction fees and the fastest gateway for payments.

“Zebec has an excellent track record of creating hybrid products that are essential for mass crypto adoption. We believe the future of crypto relies heavily on emerging projects leveraging decentralized finance (DeFi) ecosystems,” said Sandra Lou, CEO of Bitget.

“To accelerate this growth, we’re providing a platform for projects relying on Layer 2 solutions to get the support they need. We are extremely excited to further bridge the gap between traditional finance and crypto with enhanced DeFi solutions. As we accelerate the development of our launch pad, we look forward to introducing more promising projects to our community,” said Lou.

Leveraging the essence of irreversibility and transparency, Zebec enables continuous settlements with high liquidity that enrich token productivity during mass adoption. The first application offered by Zebec, Zebec Pay, is a low-cost payroll solution that allows employees to be paid instantly in USD Coin (USDC) or other stablecoins, allowing access to funds simultaneously. Employees can also easily allocate a portion of their paychecks to compliant crypto and 401k retirement accounts.

Zebec is home to an ecosystem of over 250 solution building projects. As a multi-signature cash management solution, it is also the world’s first blockchain payroll product with tax features. Zebec has raised $21 million from industry titans such as Coinbase Ventures, Solana Ventures, Lightspeed Ventures, Alameda Capital and more. Zebec was founded by Sam Thapaliya, owner of four US patents and co-founder of ASMI Corp, an artificial intelligence and video analytics platform.

“We are extremely excited to open up corridors for Bitget users to invest in our vision to disrupt current legacy payment systems,” Thapaliya said.

Bitget’s launchpad offers users an exclusive opportunity to receive early access to high-potential projects. Since its creation, various projects have been launched and have met with positive feedback. The launchpad will be a crucial focus for Bitget as it continues its dedication to large-scale crypto and blockchain development.

For more information, refer to this announcement.

About Bitget

Bitget is a leading global cryptocurrency exchange established in July 2018. Serving over 2 million customers in 50 countries, Bitget aims to help drive the adoption of decentralized finance globally. Since its launch, Bitget has become the largest crypto trading platform in the world thanks to the growing popularity of its flagship one-click copy trading products. According to CoinMarketCap, Bitget was ranked third globally in terms of derivatives volume in January 2022. True to its “Better Trading, Better Life” mission, Bitget is committed to providing complete and secure trading solutions to its users of the whole world. In September 2021, Bitget announced the sponsorship of world-renowned football team Juventus as the first-ever Channel Partner and Official Crypto Esports Partner of PGL Major. Partnerships with leading Russian esports organization Team Spirit and Turkey’s long-time leading football club Galatasaray were also announced in early 2022.

For more details on Bitget, visit the website.

About Zebec

Zebec is a continuous settlement protocol to transform payroll, cash flow and token acquisition by allowing users to send payments and distributions every second. It launches the world’s first on-chain payroll product with built-in full tax withholding and the first debit card for Solana wallets. Zebec is a revolutionary DeFi technology with real-time, frictionless and continuous payment flows. The automatic money flows made possible by Zebec allow companies, employees and consumers to completely rethink the methods of payment, investment and purchase.

For more information, visit the website.

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