Competitive lucrative staking offer set to drive more value and utility into zilliqas circular economy. The gzil abbreviation of governance zil is a zrc 2 compliant fungible token contract.
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The team plans to launch to zilliqa governance portal in january.
Zilliqa governance token. Zilliqas recent rise is not a pump and dump pnd. We cover everything you need to know about the token in this video including. First from a trading technical perspective what is happening to zilliqas price and volume is not in any way indicative of a pnd.
Zilswap the first decentralized exchange dex to be built on zilliqa was launched last year. Zyro token is the governance token of zyro protocol holders will be able to vote for future roadmap of the protocol and the way the protocol manage its assets with their tokens. Lets just move past that topic real quick.
As part of this weve introduced a new governance token called the gzil which will give everyone in our community a chance to become a decision maker in the zilliqa ecosystem. Zyro is a decentralized trading protocol on zilliqa developed by core members of zilliqa community. A total of 450 million zilliqa tokens are delegated on atomic wallet by 5000 users and i am one of them.
The rationale behind issuing gzil is to reward long term token holders and give them access to governance tokens that can later be use to make ecosystem wide decisions. As part of the launch zilliqa has also introduced a new fungible token to the networkgovernance zils gzil which will be earned alongside staking rewards functioning as an incentive for long term token holders. And introducing the governance zil token gzil that enables long term token holders to play a part in the zilliqa ecosystem.
Zilliqa is all set to launch on custodial staking tomorrow. This dex platform reportedly marked the entrance of zilliqa into the decentralized finance defi space. Zilswap recently officially introduced its governance token which has been renamed to zwap.
Non custodial staking with zilliqa. With gzil long term token holders stand to become part of the zilliqa ecosystems governance mechanism. That is where the importance of gzil being the zilliqa ecosystem governance token comes into play.
Theyve already completed it and are just waiting on timing of the launch for january to finish last minute touches.
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