gZIL, short for governance ZIL, is a ZRC-2 compliant fungible token contract. The rationale behind issuing gZIL 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.
gZIL will not be rewarded to SSN operators unless they themselves delegate their stake as a delegator. Earning commission does not entitle operators to gZIL.
|Reward rate||0.001 gZIL per ZIL reward earned|
|Reward duration||~1 year|
|Max supply||722,700 gZIL|
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 722,700 gZIL may not get minted as the number of gZIL that get minted depends on the frequency of stake reward withdrawals.
For integration with gZIL, please refer to ZRC-2 integration guide.