{"id":"zilliqa-zil","version":1,"language":"en","title":"Zilliqa (ZIL)","hidden":false,"content":"**ZIL** is the native token of [Zilliqa](https://iq.wiki/wiki/zilliqa), a [blockchain](https://iq.wiki/wiki/blockchain) platform that focuses on scalability and efficiency in transaction processing. It is used for various purposes on the platform, including [transaction fees](https://iq.wiki/wiki/transaction-fee) and participating in the network's governance.  It enables interaction with all [dApps](https://iq.wiki/wiki/decentralized-application) and platform services within the [Zilliqa](https://iq.wiki/wiki/zilliqa) ecosystem. ZIL can be utilized for various purposes, including payment for goods and services, purchasing and selling [NFTs](https://iq.wiki/wiki/non-fungible-token-nft), etc. [\\[6\\]](#cite-id-q7eiqfu16f)  \n  \n# Tokenomics  \n  \nThe total supply is 21,000,000,000 ZIL. The initial token launch date was August 31st, 2017, and the initial distribution of ZIL was as follows: [\\[5\\]](#cite-id-5ts2rmgjo15)  \n  \n* 30.00% allocated to Early & Community Contributions  \n* 40.00% allocated to [Mining](https://iq.wiki/wiki/mining) Rewards  \n* 30.00% allocated to Company, Team, Agencies![content_ZIL_Allocation.png](https://ipfs.everipedia.org/ipfs/Qmd4m1g63gHCtTgVGn7SSwBFPppXXmR9aAfg7fyX63Kb62)  \n  \n## Token Generation Event  \n  \n[Zilliqa](https://iq.wiki/wiki/zilliqa) launched its first Token Generation Event (TGE) in December 2017 to help sustain the research and development of [Zilliqa](https://iq.wiki/wiki/zilliqa) and facilitate [dApp](https://iq.wiki/wiki/decentralized-application) development and adoption of the platform. 60% of the finite supply of tokens was launched at this TGE. [\\[2\\]](#cite-id-celfuqcaz)  \n  \n$$widget0 [YOUTUBE@VID](Q3vMG_ODG3Y)$$  \n  \n# Governance ZIL (gZIL)  \n  \nGovernance ZIL (gZIL) is the [governance token](https://iq.wiki/wiki/governance-tokens) for the [Zilliqa](https://iq.wiki/wiki/zilliqa) network. It allows long-term token holders to engage in ecosystem decisions. Each gZIL token represents one vote, and voting power scales according to the amount held. [\\[4\\]](#cite-id-8rqaj6r8ldq)$$widget0 [YOUTUBE@VID](nP8C-0DIqYs)$$","summary":"Zilliqa (ZIL) is a scalable and efficient blockchain platform that uses its native token, ZIL, for transactions, network governance, and interaction with dApps.","categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"promoted":0,"tags":[{"id":"Ethereum"}],"metadata":[{"id":"references","value":"[{\"id\":\"ry9zg022d9\",\"url\":\"https://coinmarketcap.com/currencies/zilliqa/\",\"description\":\"ZIL on Coinmarketcap.\",\"timestamp\":1707186719599},{\"id\":\"celfuqcaz\",\"url\":\"https://blog.zilliqa.com/more-details-on-zilliqas-token-generation-event-4e1b78e0cf5a/\",\"description\":\"Zilliqa's TGE.\",\"timestamp\":1707186835660},{\"id\":\"tp2lmxh4bw9\",\"url\":\"https://www.zilliqa.com/staking\",\"description\":\"Staking ZIL.\",\"timestamp\":1707186852326},{\"id\":\"8rqaj6r8ldq\",\"url\":\"https://www.zilliqa.com/governance\",\"description\":\"The gZIL token.\",\"timestamp\":1707186869293},{\"id\":\"5ts2rmgjo15\",\"url\":\"https://www.coingecko.com/en/coins/zilliqa/tokenomics\",\"description\":\"ZIL tokenomics.\",\"timestamp\":1707186889990},{\"id\":\"q7eiqfu16f\",\"url\":\"https://coin98.net/what-is-zilliqa-zil\",\"description\":\"ZIL token information.\",\"timestamp\":1707186919406}]"},{"id":"website","value":"https://www.zilliqa.com/"},{"id":"twitter_profile","value":"https://twitter.com/zilliqa?lang=en"},{"id":"discord_profile","value":"https://discord.com/invite/zilliqa"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/zilliqa/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/zilliqa"},{"id":"previous_cid","value":"Qma79hSHDByTbTm3VqK4jiGtqvnp6XyuNbEauGhFLs1FhY"}],"user":{"id":"0x6753061a4cffbc0A617e57E956A298D88702a94B"},"author":{"id":"0xcAF1CD3c9C76382E38fd813aecf103325ebD0dbE","profile":null},"media":[{"name":"Q3vMG_ODG3Y","id":"https://www.youtube.com/watch?v=Q3vMG_ODG3Y","size":"0","type":null,"source":"YOUTUBE"},{"name":"nP8C-0DIqYs","id":"https://www.youtube.com/watch?v=nP8C-0DIqYs","size":"0","type":null,"source":"YOUTUBE"},{"name":"content_ZIL_Allocation.png","id":"Qmd4m1g63gHCtTgVGn7SSwBFPppXXmR9aAfg7fyX63Kb62","size":"0.02","type":"GALLERY","source":"IPFS_IMG"}],"views":45,"events":[{"title":"Token Generation Event Launch","description":"Token Generation Event Launch.","type":"CREATED","date":"2017-12","link":"https://blog.zilliqa.com/more-details-on-zilliqas-token-generation-event-4e1b78e0cf5a/","multiDateStart":null,"multiDateEnd":null}],"linkedWikis":{"founders":["max-kantelia","amrit-kumar","xinshu-dong","prateek-saxena"],"blockchains":["zilliqa"]},"ipfs":"Qma79hSHDByTbTm3VqK4jiGtqvnp6XyuNbEauGhFLs1FhY","transactionHash":"0xc6476cd7712935074f4ae20cb68a31a2d8fa9b94cdbc53bde93f1a5492410224","created":"2024-02-06T02:38:14.331Z","updated":"2024-04-11T14:00:37.466Z","images":[{"id":"QmTjcBqRCasL75oRWN5ci2q5KEF5WgnnSJXuEozAvHhbot","type":"image/jpeg, image/png"}]}