Zebec: The Lemonade Stand — A Documented Case That ZBCN Is a Non-Utility Token This is an investor-protection analysis of ZBCN, the token issued alongside Zebec Network's Solana-based payments business. It argues one narrow, verifiable claim: the token is not required for any of Zebec's products, was marketed for years as though it were. The document does not allege fraud or any crime, and nothing in it should be read as such. It characterizes conduct as misleading where the issuer's public statements are contradicted by the public record — the standard of negligent misrepresentation — and presents the cited facts so readers can weigh them and reach their own conclusions.