Zilliqa Announces Tokenomics Overhaul

Zilliqa has made a significant announcement for its community, gearing up for a tokenomics overhaul with the unveiling of Zilliqa 2.0 this week. The revamped model aims to enhance the blockchain infrastructure by offering lucrative annual interest rates for ZIL stakers and reducing inflation. These changes highlight the team’s commitment to making ZIL a more profitable and stable token for its community.

New Tokenomics Details

The new tokenomics will reduce the asset’s inflation by controlling ZIL token unlocks. This reduction is expected to increase the token’s value and the sustainability of the ecosystem, enhancing ZIL’s appeal as a profitable crypto asset. ZIL 2.0 will also introduce high annual percentage rates (APR) for staking incentives.

Moreover, the updates will improve decentralization, Web3 accessibility, cross-chain interoperability, and introduce X-shards. X-shards will enrich Zilliqa’s original sharding architecture, allowing developers to customize blockchains built in the ZIL ecosystem to meet their requirements.

At the time of writing, the token is trading at $0.0118. Zilliqa has been in a sustained bearish trend, losing 5% and 18% over the past week and 30 days, respectively. Enthusiasts are keen to see how this week’s tokenomics update will impact ZIL’s performance in the forthcoming sessions. If successful, the promised updates may enhance the altcoin’s appeal to potential investors.

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