Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications. It leverages sharding to increase the speed of transactions to match the expansion of the market.
In this article I will show you how to earn passive income by staking your $ZIL in Atomic wallet.
First you'll need to download Atomic wallet,deposit Zil in it and go to the staking Tab.You'll need at least 10 ZIL to be able to stake.
The staking tab contains list of different coins you can stake, the available amount, staked amount and the $USD value.
Now,enter the amount of ZIL you want to stake and make sure to keep between 5 and 10 ZIL unstaked in order to pay the network fees. press the "Stake" button to continue.
To start staking simply click the stake button.The final confirmation will list all details.
Congrats!you started staking your ZIL.
You can claim the rewards with the click of a button.Each time you claim your staking rewards,you'll obtain gZIL.
By the way,what is gZIL?
gZIL tokens are ZRC-2 compliant fungible tokens. According to reports, for every 1,000 ZIL staking reward, 1 gZIL will be issued.
The rationale behind issuing gZIL is to help the platform identify long-term holders of ZIL tokens. Subsequently, providing them with access to participate in important decision making on the Zilliqa ecosystem.
The idea behind gZIL issuance is to help the platform identify long-term holders of ZIL tokens. Subsequently, providing them with access to participate in important decision making on the Zilliqa ecosystem. This is quite similar to the DAO structure, where governance token holders cast votes to reach a decision on community projects.
In cas you want to calculate your ROI ,visit the official atomic wallet website and use the calculator to calculate your potential earnings.
