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Zilliqa (ZIL)

ZIL is the native cryptocurrency of , a blockchain platform that focuses on scalability and efficiency in transaction processing. It is used for various purposes on the platform, including transaction fees and participating in the network's governance. ZIL is also utilized for running and executing smart contracts on the Zilliqa blockchain. Smart contracts are self-executing contracts with the terms directly written into code. ZIL powers the execution of these smart contracts.[7]

ZIL can be staked using a variety of wallets and platforms, not just ZilPay and Zillion, the wallet and portal developed by Zilliqa. That being said, using Zilliqa as a seed node operator gives the user the highest commission rate.

Token Allocation

 The total supply is 21,000,000,000 ZIL. The circulating supply is 13,783,620,625 ZIL. The initial token launch date was 31 August 2017, and the initial distribution of ZIL is as follows:[6]

  • 30.00% is allocated to Early & Community Contributions
  • 40.00% is allocated to Mining Rewards
  • 30.00% is allocated to Company, Team, Agencies

Currently, you can get ZIL through centralized exchanges. You can also get ZIL on fiat to crypto on-ramps, which makes it easier to acquire tokens with a bank card. ZIL is listed on the following:[2]

Alternatively, you can use ZILSWAP, a decentralized exchange, to directly connect with digital asset owners on a peer-to-peer marketplace.[1]

Token Generation Event

Zilliqa launched its first Token Generation Event (TGE) in December 2017 to help sustain the research and development of Zilliqa and facilitate dApp development and adoption of the platform. 60% of the finite supply of tokens were launched at this TGE.[3]

Staking

Staking is made easy with Zilliqa and can be done in three steps:[4]

Choosing a ZIL Wallet

The range includes Torch Wallet, Moonlet, ZilPay, Ledger, Guarda Wallet, Zillet, and Atomic Wallet.

Choose staking platform

Connect your wallet and start staking, either using the Zillion portal, or using apps such as Moonlet or Atomic Wallet to stake ZIL directly.

Select a seed node operator

Various SSNs have different commission rates. The highest commission rates are 12% with Zilliqa, 10% with Staked, 5% with Moonlet, Everstake, Atomic Wallet, as well as Zillet.

gZIL

gZIL was launched on 14 October 2020. It is the Zilliqa network governance token, and it enables long-term token holders to participate in the Zilliqa ecosystem. Every gZIL represents one vote, and the more you hold, the more voting power you have. gZIL can be obtained on centralized exchanges such as Liquid.com and CEX.io, or the decentralized exchange at ZilSwap.[5]

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Zilliqa (ZIL)

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