Altcoins News
By Steven Anderson
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Zilliqa (ZIL) Tokenomics Upgrade
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Zilliqa is the high-performance, high-security blockchain. The guidelines for the Feedback on Zilswap are released.
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Zilliqa tweeted: “Non-custodial staking is set to release on the Zilliqa mainnet on 14 October, 2020.
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Staking on mainnet is important to provide for a smooth, simplified and secure experience for all the Zilliqa users.
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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.
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They have requested developers to spend some time to test out the features and to further share suggestions.
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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.”
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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.
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The tokenomics changes clearly described in ZIP-9. The changes to the network parameters are set to be surprising.
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In just a few days the mining rewards allocation is set to be changed to 60% mining and 40% staking.
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Thus, the payment transaction costs will increase by 2x and smart contract transaction costs will reduce by 4x.
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