Wednesday, February 19, 2025

Zilliqa Empowers gZIL Holders with Community Fund Management

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KEY TAKEAWAYS

  • Zilliqa enhances the utility of its gZIL governance token by allowing holders to fund innovative projects, aiming to attract developers to its community.
  • The initiative includes a decentralized governance model, empowering gZIL holders to manage surplus rewards and influence the network’s development.
  • Zilliqa encourages gZIL holders to engage in discussions via a moderated Telegram group to shape the fund’s strategic planning.

Zilliqa is enhancing the utility of its gZIL governance token by enabling holders to fund innovative projects and attract developers who can best serve the Zilliqa community. This initiative follows the recent implementation of a halving mechanism aimed at reducing mining rewards.

As part of this shift, Zilliqa has committed to allocating a portion of the surplus rewards generated by the halving to be managed directly by the gZIL community. The details of this initiative were announced here.

Decentralized Governance Model

gZIL holders will manage these funds through a decentralized governance model, granting them control over the allocation of resources. This approach ensures that those most invested in Zilliqa’s success have a significant voice in the ecosystem’s growth.

This community-led decision-making process is designed to empower gZIL holders, allowing them to influence the direction of the Zilliqa network and its development.

Community Engagement and Next Steps

Zilliqa invites all gZIL holders to join the official moderated Telegram group to discuss the structure, restrictions, and core objectives of the fund. This platform provides an opportunity for holders to voice their opinions and contribute to the fund’s strategic planning.

Interested gZIL holders can join the discussion group here. Following these discussions, Zilliqa plans to update the community with more detailed information on how the gZIL-managed fund will operate.


Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
Neel Kapoor
Neel Kapoor
Neel Kapoor is a dedicated cryptocurrency enthusiast and blockchain expert at Coinsholder.com. With over a decade of experience, Neel offers insightful analysis and commentary on the latest trends and innovations in the crypto space. His clear and concise writing makes complex topics accessible to all readers.

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