Zilliqa
About Zilliqa
The price of Zilliqa (ZIL) is $0.01300221 today, as of Sep 07 05:41 p.m., with a 24-hour trading volume of $14.64M. Over the last 24 hours, the price has increased by 1.78%. Zilliqa currently has a circulating supply of 18.86B and a market cap of $245.21M.
Zilliqa, also known as ZIL, is the native token of a smart contract blockchain by the same name. One of its key features is an innovation called "sharding," which lets multiple nodes validate transactions at the same time.
Zilliqa launched in 2018 to a strong start, hitting highs of $0.2 in May of that year after launching at a price of $0.12. However, then the token sank to around $0.005 by the middle of 2019, and pretty much stayed there until the crypto boom of 2021. Zilliqa hit its all-time high in May of that year, when it traded as much as $0.2563 per ZIL.
As its good fortune faded away, so did ZIL’s price, which fell to $0.04 early the next year. Only a brief spurt to $0.18 in March 2022 provided an exit for long-time investors. Zilliqa trades on leading cryptocurrency exchanges, including Binance, Huobi and Bithumb.
To raise money to build Zilliqa, the developers held a token sale in December 2017, just as bitcoin’s price reached near $20,000. At the time of launch, ZIL traded as an ERC-20 token, but was converted to native ZIL coins after the network launched in June 2019.
The token sales accounted for 30% of the supply. Venture capital firm Anquan Capital (created by Zilliqa’s co-founders) received another 10%, the team was allocated 5%, 12% went to research and 3% was given to supporting agencies. Many of these tokens are subject to vesting periods.
The remaining 40% was held for mining rewards. Zilliqa expects that all tokens will be mined within 10 years. Zilliqa has a maximum supply of 21 billion, a thousand times greater than Bitcoin’s 21 million. Zilliqa's blockchain increases the total supply by about 2% a year.