Zilliqa is strengthening the utility of its gZIL governance token by giving holders the opportunity to fund the innovative projects and attract the developers they believe will best serve the Zilliqa community.
Following the recent implementation of a halving mechanism to reduce mining rewards, Zilliqa has committed to allocate a portion of the surplus rewards generated by this change to be managed directly by the gZIL community.
Read more about the halving of mining rewards as part of the shift to Zilliqa 2.0.
gZIL holders will manage these funds through a decentralised governance model, giving them control over where and how funds are allocated.
This is a true community-led approach to decision-making, ensuring that those most invested in Zilliqa’s success have a real voice in growing the ecosystem.
Next steps – Join the discussion on Telegram
Zilliqa invites all gZIL holders to join the official moderated Telegram group to voice their views on how this fund should be be structured, what restrictions should be placed on funding, and its core objectives.
If you hold gZIL, this is your chance to make a lasting impact. gZIL holders can join the group here to share their thoughts: https://t.me/GZILDAO
Following these conversations, we will update the community with more detailed information on how this gZIL-managed fund will work.
In the meantime, stay tuned to our socials and subscribe to the Zilliqa newsletter for the latest news.