Zilliqa launched its governance asset gZIL to enable long-term token holders to participate in the Zilliqa ecosystem. We are pleased to announce that CEX.IO is the first crypto exchange platform to support gZIL trading!
Starting December 15th, you can deposit, withdraw, exchange and trade in gZIL / USDT and gZIL / USD pairs on the CEX.IO website and CEX.IO mobile app.
CEX.IO is an exclusive place where you can exchange gZIL for USD and USDT. In addition, we pay you for adding liquidity to our markets. The maker 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 Governance ZIL (gZIL) token
Zilliqa is the first public blockchain platform to successfully use sharding as a scaling solution. Earlier, when we listed the ZIL token, we talked about the project in our blog post: https://blog.cex.io/news/cex-io-to-list-zilliqa-22641
Government ZIL (gZIL) is a token that complies with ZRC-2. Users can earn the new token in addition to ZIL strike rewards (0.001 gZIL per 1 ZIL reward earned). The main idea of gZIL tokens is to Attract long-term token holders and give them access to network management.
📌 Use cases for gZIL
According to the team behind Zilliqa, there will be a DAO-like structure that will allow gZIL holders to do that invest in community projects. Together with Zilliqa Research, the community that owns gZILs will be able to vote on proposals and participate in decision-making.
gZIL holders can do that too contribute to Zilliqa’s liquidity pools and get rewarded.
The government’s ZIL has been released since the launch of the non-custodial ZIL strike (October 14, 2020), but only for 1 year. In addition, the maximum gZIL stock is limited to 722,700. The team hopes to increase the gZIL value by creating scarcity and stimulating early user involvement in the restocking 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 should not interpret such information or other material as legal, tax, investment, financial or other advice. Study the assets for yourself before making any investment or trading decisions.