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Where and How to Buy Zilliqa Coin? Is Zilliqa Coin a Good Investment?

5 Mins read

Through the course of this article, we will understand all about the Zilliqa coin and how to buy this coin for interested investors and crypto users.

Given its necessary and decentralized structure, which brings and eliminates third parties for payments and exchanges, cryptocurrency has become the foundation of many digital transactions today.

Due to cryptocurrency’s strong ecosystem in the world of digital transactions, particularly its decentralized system of conducting transactions, which eliminates the need for third-party financial institutions such as banks and other organizations, this mode of trade and exchange has soared to the top tier of financial exchange systems.

Where and How to Buy Zilliqa Coin? Is Zilliqa Coin a Good Investment?

Photocredit: NapBots

Investors and crypto users should learn everything about every token or currency they want to invest in. This will help them put their money where it belongs and make the best judgment possible about which coins are worth investing in.

Zilliqa coin is one such cryptocurrency that has seen tremendous growth in the coin market. To make the best investment decisions, interested investors and crypto users should learn everything there is to know about this token.

What is Zilliqa Coin?

Zilliqa is an open-source, public blockchain that aims to provide fast throughput by processing thousands of transactions per second. It uses sharding as a second-layer scaling technique to address the issue of blockchain scalability and speed. Many decentralized applications are available on the platform, and as of October 2020, they also include staking and yield farming.

The development of Zilliqa began in June 2017, and the testnet launched online in March 2018. The platform’s mainnet was introduced a little over a year later, in June 2019.

Here is some vital information about the Zilliqa blockchain that is important for investors and crypto users to understand:

  • Zilliqa promises to be the first public blockchain to use a sharded network exclusively. This enables it to reach high throughput and an increased rate of transactions per second, hence resolving the scalability issue, according to the company.
  • Because each shard processes transactions independently, the number of transactions that can be processed per second increases as the network develops and the number of shards grows.
  • Furthermore, records are instantaneously posted to the Zilliqa blockchain after processing, requiring no additional confirmation time.
  • Zilliqa aspires to be the blockchain of preference for large-scale enterprise applications, including advertising, gaming, entertainment, financial services, and payments.
  • The platform’s team stated in its 2018 position paper that it “aims to rival existing centralized payment mechanisms such as VISA and MasterCard.”
  • Anquan Capital and Zilliqa Research, the corporation that developed Zilliqa, both have considerable ZIL reserves.
  • The Zilliqa network is still operating in 2021, processing millions of transactions every month. The blockchain has also been consistently growing, moving from over 900 blocks per day when the main net started to over 2500 blocks per day.
  • A practical Byzantine Fault Tolerance protects the Zilliqa network, or pBFT, consensus algorithm, which requires at least two-thirds of all nodes to agree on the accuracy of a record before it can be added to the blockchain.
  • A set of nodes confirms a subsection of all transactions in each Zilliqa blockchain shard. Once each shard has attained consensus, the second group of nodes validates the shards’ cumulative results and adds a new block to the blockchain.

These are some vital information necessary for prospective investors and crypto users on the Zilliqa platform to understand as they invest in this cryptocurrency.

Market Capitalization and Tokenomics of the Zilliqa Coin

One of the most critical components of any token or coin in the crypto market is its tokenomics, as this helps decide a number of things about the coin or token.

As a result, investors and crypto users must be familiar with the tokenomics of any crypto token or coin they intend to invest in. This would enable users to learn everything there is to know about this coin, including its price and future projections for holders.

Here are the tokenomics of the Zilliqa coin that are important for interested investors to understand:

  • There is a fixed maximum supply of 21 Billion Zilliqa coins in the coin market, with a circulating supply of 12,588,880,029 ZIL coins.
  • 60% of the total supply of the Zilliqa coin is mapped out for distribution at the token’s generation event, and another 40% will be created through the mining process.
  • Another 10% of all tokens will be reserved for Anquan Capital, and also, another 12% is kept aside for top-notch research purposes on the Zilliqa blockchain.
  • 5% for current and future Zilliqa team members, to be dispersed quarterly over a three-year period, according to the announcement.
  • All tokens in Zilliqa will be mined within ten years, with the block mining incentive gradually dropping. The project’s whitepaper plans to mine 80 percent of the tokens (16.8 billion ZIL) in the first four years and 20 percent (4.2 billion ZIL) in the next six.

Price and Contract Address

At the time of writing this article, the Zilliqa coin’s price and value increased significantly, as did the number of holders and investors. It’s no surprise that it’s climbed the ranks of many major cryptocurrency exchanges.

The Zilliqa coin is currently trading at $0.19 at the time of writing this article.

Contract Address – BNB Smart Chain: 0xb86abcb37c3a4b64f74f59301aff131a1becc787

Zilliqa: zil1qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq9yf6pz

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How and Where to Buy the Zilliqa Coin Step-by-Step Guide

The Zilliqa coin is available on several major exchanges, and it can be purchased easily using these exchange and trading sites.

Binance, Pionex, Gate.io, Bithumb, and Bitrue are among the exchange platforms that support the trade and purchase of the Zilliqa coin.

Using the Binance Crypto Exchange Platform 

The following is a step-by-step explanation of how to buy and store Zilliqa coin on the Binance exchange platform:

  • Users or investors can register an account using email by following the simple procedures outlined on the Binance exchange platform.
  • Confirm the email sent by the Binance staff to activate the account and finish all required verification processes to have the account ready to trade and exchange various crypto-coins of investors’ preference.
  • After that, you’ll need to buy Tether (USDT), a cryptocurrency. On the Binance platform, this is a stable coin that can be used to buy or sell other crypto tokens.
  • Users or investors can buy this stable coin using fiat currency based on their country of residence or location.
  • Once the USDT has been effectively purchased, go to the Binance platform interface’s search box and look for the Zilliqa coin ZIL, which you may then click on.
  • After that, click the “Buy” button and enter the amount of USDT that the user or investor wants to use in this transaction. The platform will instantly display the amount of Zilliqa coin ZIL that the USDT can buy.
  • Once the user has achieved the steps above, click the “Buy ZIL” button, immediately acquiring the Zilliqa coin ZIL and storing it in the user’s Binance wallet.

This guide can help all users and investors easily purchase and hold the ZIL coin using the Binance crypto platform, assisting users to purchase and store this crypto token securely.

Is it Advisable to Invest in the Zilliqa Coin?

The Zilliqa coin has increased in the crypto market due to its rapid growth and increase in price and number of holders and its huge growth in both worth and value.

Before investing in any crypto token on the market, investors and crypto users should conduct preliminary research. This will assist them in making the best investment decision and avoiding scam tokens, which are abundant in today’s cryptocurrency market.

What are your thoughts and opinions on the Zilliqa coin ZIL and its expected price? In the comments box, express your ideas and suggestions.

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