Power Plant Header

Zilliqa Staking, dAPPs, DeFi and Domains

by | Dec 6, 2020 | Zilliqa, dAPPs, DeFi, NFT | 0 comments

Zilliqa Staking Goes Live

Well, it’s been a while since I had anything I felt like I wanted to write about, and at last I have a whole load of great new information to share.

I’ve been busy with JavaScript, ReactJS [early stages!] as well as my ongoing Cardano voyage [new Cardano Foundry episode coming soon] – not to mention the WordPress advances I’ve made in customising templates, but here we are with a whole new set of interesting options and avenues for Zilliqa chain that need detailing. There’s never been a better time for the ZIL HODLER.

Non-custodial seed node staking goes live today; marking a new milestone in Zilliqa’s history

Competitive, lucrative staking offer set to drive more value and utility into Zilliqa’s circular economy

The launch will also see the introduction of the governance ZIL token, enabling long-term token holders to play a part in the Zilliqa ecosystem

So I’ve moved my Zil to a new Moonlet iOS wallet – beautiful design! And have just staked my holdings. Interestingly, a governance token is available for the first year, the gZIL – very interesting dynamics going on here, and just what I want to see from a chain I’ve been super keen on for so long.

gZIL – Governance Token

“You can earn our new fungible governance token gZIL alongside staking rewards. For every 1,000 $ZIL earned as a staking reward, 1 gZIL will be issued. With gZIL, long-term token holders can become decision-makers in the Zilliqa ecosystem. As a limited time token, it will only be issued for around one year starting from today, with a cap of 722,700 placed on minting. Yet another reason to begin accruing staking rewards now!”

CoinTelegraph – One billion ZIL staked in first few hours as Zilliqa embraces DeFi

Mintable Marketplace For NFTs

Just as exciting, Mintable, a marketplace for Zilliqa-based NFTs and more is something of a new development. I was initially thinking about listing one or two of my .zil domains – see Unstopable Domains – but on realising that I could tokenise some images, I decided to go for it and create a storefront there. That isn’t quite live yet, but I intend to tokenise an image and a music file, and I will update this blog with the full details once I get everything done.

This involves setting up Zil-Pay – a browser extension type wallet – just like Metamask is, but for Zilliqa native assets. Beyond exciting! Detailed instructions here – I found the process extremely easy and smooth.

Okay, that’s it for now, but I’ll be back with the all new Simpatico.Crypto Mintable store in the next post – stay tuned!

Referrals to consider!

KOINLY – Get Your Crypto Tax Affairs In Order!

Celsius Network – Weekly interest on a wide variety of crypto assets

Unstoppable Domains – IPFS Domains & Payment Channels

Coinbase – The Original

COINBASE EARN – Limited BAND tokens to be earned by learning!

SiteGround – Excellent Web Hosting

BINANCE – Trading Platform