Zilliqa (ZIL) was developed in the year 2017. It is a high-throughput public blockchain platform designed to scale to thousands of transactions per second and the project was created to deliver performance, scalability, and security.
Zilliqa is mainly based on the concept of Sharding and aims to enhance the scalability of other cryptocurrency networks. It is extremely fast, secured and decentralized. Zilliqa’s high throughput aims to solve the problems of network congestion, high transaction fees and security which are the key issues with legacy blockchain platforms. The project has established partnerships in digital advertising (Mindshare), financial services, payments, gaming, as well as digital entertainment.
Scilla, short for Smart Contract Intermediate-Level Language is an intermediate-level smart contract language developed for Zilliqa. This language was developed in order to improve security and offer a robust environment for the deployment of smart contracts and dapps. In August 2019, Scilla was peer-reviewed and accepted at one of the most prestigious programming languages conferences - OOPSLA 2019.
Ziliqa is currently awaiting approval with the Monetary Authority of Singapore (MAS) to partner with Hg Exchange, Southeast Asia's private exchange formed by an alliance of leading financial intermediaries and individually licensed and regulated by the Monetary Authority of Singapore (MAS). Hg Exchange will make equities trading more efficient and transparent. This will be Zilliqa's first enterprise-ready project to use smart contracts to represent digital assets. This could be big!
Ziliqa has a circulating supply of 12 Billion ZIL coins and a max supply of 21 Billion. The market cap is currently $2.1 billion. HitBTC is the current most active market trading it but the token trades on many exchanges including Binance. Non-custodial staking of ZIL in wallets is now available in Phase 1. The APY for non-custodial staking will depend on the total amount of ZIL in circulation being staked. According to their website 'if 80% of the total amount of ZIL in circulation is staked, users can expect an APY of approximately 6%'.
I went long ZIL/USD on 08 March at $0.12. ZIL/USD reached an all-time high of $0.25 on 17 April 2021 (5 days ago). The price has pulled back -28.7% yet ZIL/USD is still in a clear uptrend. ZIL has found support on a rising 50 SMA . Both the 50 SMA and the 100 SMA are on the rise since late November 2020. Here is an opportunity to go long ZIL/USD after this recent cool off.
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