governance ZIL GZIL

Governance ZIL, also known as gZIL, is a token issued by Zilliqa as a monetary incentive for individuals to stake and decrease the circulating supply of ZIL tokens. While the actual governance utility of gZIL is currently limited, plans are in place to expand its role in the ecosystem, particularly in the development of the Metapolis project. As a token holder, you can use gZIL to propose changes to the Zilliqa network and participate in the decentralized governance structure by voting on these proposals. Zilliqa is actively working on educating and setting up structures for individuals to learn how to effectively participate in governance.

Governance ZIL (gZIL) is unique compared to other cryptocurrencies because it is specifically designed to enable token holders to actively participate in the governance and decision-making process of the Zilliqa network. As a gZIL holder, you have the power to propose changes and vote on important matters that affect the future of the network. This decentralized governance structure gives token holders a voice and allows them to shape the direction of the Zilliqa ecosystem. Additionally, gZIL provides an opportunity for token holders to exercise their voting rights and actively contribute to the development and growth of the network.