gZIL Tokens


$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.

note

$gZIL will not be rewarded to SSN operators unless they themselves delegate their stake as a delegator. The commission does not have $gZIL component.

ParameterValue
Reward rate0.001 $gZIL per $ZIL reward earned
Reward duration~1 year
Max supply722,700 $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.

note

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.