The Zebec Protocol, a platform on the Solana blockchain that allows users to send and receive payments, will roll out ZBC tokens after earning $ 28 million between public and private sales, according to a Coindesk report. intend to do something.
Its main product, Zebec’s payroll products, allows workers to be paid by USDC and other stablecoins up to the second.
The report states that ZBC tokens were released “immediately” and could be traded on numerous exchanges.
ZBC acts as a governance token for Zebec Decentralized Autonomous Organizations.
“Public sales are not a capital-generating event,” Zebec founder Sam Thapaliya told CoinDesk in an interview, explaining equivalent pricing. “Public sales should not be a way for private investors to earn these unrealized profits. Rather, it should be an event that creates more communities. Crypto can provide access to the general public. That’s the same access that individual investors can get. “
In other news, AGVE, a money market token and lending protocol, fell more than 20% on Tuesday (March 15) after announcing that the company was considering an attack.
There was also an attack on Hundred Finance, another multi-chain lending protocol for the Gnosis chain.
“Agave is currently investigating an exploit for the Agave Finance Protocol, and we’ll let you know when more details are available,” DAO said in a tweet on Tuesday afternoon. “The contract has been suspended until we know how to resolve the situation.”
Hundred Finance said the Gnosis team was aware, a survey was conducted and all Hundred markets were suspended.
According to security researcher Mudit Gupta, in both cases the bridged token was a “reentrant” attack because it was non-standard and had a hook that called the token receiver on every transfer.
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