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gZIL Holders to Manage Community Fund

Twitter icon  •  Published 1 week ago  •  Hassan Maishera

On Monday, the Zilliqa team announced via a blog that it is strengthening the utility of its gZIL governance token by giving holders control of a fund to grow the ecosystem.

On Monday, the Zilliqa team announced via a blog that it is strengthening the utility of its gZIL governance token by giving holders control of a fund to grow the ecosystem. gZIL holders will manage these funds through a decentralized governance model, giving them control over where and how funds are allocated.

The move will give holders the opportunity to fund innovative projects and attract the developers they believe will best serve the Zilliqa community.

Zilliqa (ZIL) is one of the world’s first blockchains being built on a sharded architecture and features smart contracts written in the platform’s proprietary programming language: Scilla. ZIL is trading at $0.02048, up 6% in the last 24 hours.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.