gZIL, short for governance ZIL, is a ZRC-2 compliant fungible token contract. The rationale behind issuing gZILs is to capture long-term token holders and give them access to governance tokens that they can later use to make ecosystem-wide decisions. The contract code repository can be found here.
gZILs will not be rewarded to SSN operators unless they themselves delegate their stake as a delegator. Earning commission does not entitle operators to gZILs.
|Reward rate||0.001 gZIL per ZIL reward earned|
|Reward duration||1 year|
|Max supply||682,550 gZILs|
After the 1-year duration, no gZIL will be minted. Hence, we encourage all users to withdraw their stake reward before the 1-year duration is up.
It is very possible that all the 682,550 gZILs may not get minted as the number of gZILs that get minted depends on the frequency of stake reward withdrawals.
For integration with gZIL, please refer to ZRC-2 integration guide.