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.
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!”
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!
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