The Currency Analytics
By Steven Anderson
Zilliqa (ZIL) Tokenomics Upgrade
Zilliqa is the high-performance, high-security blockchain. The guidelines for the Feedback on Zilswap are released.
Zilliqa tweeted: “Non-custodial staking is set to release on the Zilliqa mainnet on 14 October, 2020.
Staking on mainnet is important to provide for a smooth, simplified and secure experience for all the Zilliqa users.
For those who do not know, Zilswap, is the decentralized exchange that has been built with Switcheo on Zilliqa on the testnet version and the gZIL token contract.
They have requested developers to spend some time to test out the features and to further share suggestions.
Sydney Ifergan, the crypto expert tweeted: “The non-custodial staking on Zilliqa was long awaited and finally it is on the dice to be launched soon.”
Apart from the beta testing campaign, Zilliqa’s platform is set to undergo an upgrade to support the new tokenomics as previously described in ZIP-9.
The tokenomics changes clearly described in ZIP-9. The changes to the network parameters are set to be surprising.
In just a few days the mining rewards allocation is set to be changed to 60% mining and 40% staking.
Thus, the payment transaction costs will increase by 2x and smart contract transaction costs will reduce by 4x.