Zilliqa launched its governance asset gZIL to allow long-term ticket holders to participate in the Zilliqa ecosystem. We are happy to announce that CEX.IO is the first crypto exchange platform that supports gZIL trading!
Starting December 15 you can deposit, withdraw, exchange, and trade gZIL / USDT and gZIL / USD pairs on the CEX.IO website and the CEX.IO mobile app.
CEX.IO is a unique place where you can exchange gZIL for USD and USDT. In addition, we pay you for adding liquidity to our markets. The manufacturer fee for gZIL / USDT pair is negative (-0,05%)! You will get the 0,05% of your order amount back to your CEX.IO balance.
📌 About ZIL and ZIL Governance (gZIL) token
Zilliqa is the first public blockchain platform to successfully use sharding as a scaling solution. Previously, while listing ZIL token we have said about the project in our blogpost: https://blog.cex.io/news/cex-io-to-list-zilliqa-22641
The Government ZIL (gZIL) is a ZRC-2 compliant ticket. Users can win the new ticket alongside the ZIL staking awards (0.001 gZIL per 1 ZIL award won). The main idea of gZIL tickets is attract long-term ticket holders and give them access to network governance.
📌 Use cases for gZIL
According to the team behind Zilliqa, there will be a DAO-like structure that gZIL holders can go through investing in community projects. Along with Zilliqa Research, the community holding gZILs will be able to vote on proposals and participate in decision-making.
gZIL holders can too contribute to and be rewarded with Zilliqa liquidity pools.
Government ZIL has been released since the launch of the prison-free ZIL staking (October 14, 2020), but only for a year. In addition, the maximum gZIL supply is limited to 722,700. The team hopes to drive the gZIL value by creating scarcity and stimulating early consumer engagement in the gaze program.
Discuss Zilliqa with our Telegram community:
Note: gZIL is currently not available to US residents.
Disclaimer: The above content is for informational purposes only. You must not interpret any other information or materials as legal, tax, investment, financial or other advice. Study assets on your own before making any investment or trading decisions.