Zilliqa Confirms Tokenomics Overhaul This Week

Zilliqa has made a big announcement for its community. The blockchain is gearing up for a tokenomics overhaul, unveiling Zilliqa 2.0 this week. The revamped model will enrich the blockchain infrastructure with lucrative annual interest rates for ZIL stakers and reduced inflation. The upcoming changes highlight the team’s commitment to making ZIL a profitable and more stable token for its community.

The new tokenomics will reduce the asset’s inflation by controlling ZIL token unlocks. Reduced inflation is likely to increase the token’s value and the sustainability of the ecosystem, increasing ZIL’s appeal as a lucrative crypto asset. ZIL 2.0 will introduce high annual percentage rates (APR) for staking incentives. The changes will also bring improved decentralization, Web3 accessibility, cross-chain interoperability, and X-shards. X-shards, enriching Zilliqa’s original sharding architecture, will allow developers to customize blockchains built in the ZIL ecosystem to suit their needs.

The token is trading at $0.0118 at the time of writing. Zilliqa has been in a sustained bearish mood, losing 5% and 18% over the past week and 30 days. Enthusiasts will watch how this week’s tokenomics update will impact ZIL’s performance in the coming sessions. If successful, the promised updates are likely to increase the altcoin’s appeal to investors.

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