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