๐๏ธ ZIGChain - What and Why?
ZIGChain is a Layer 1 blockchain focused on unlocking financial opportunities for everyone \- regardless of their income, location, or level of knowledge.
๐๏ธ The ZIG Token
ZIG is the Native Utility Token of the ZIGChain ecosystem.
๐๏ธ Accounts
Users interact with the ZIGChain ecosystem through their Accounts. Each account is uniquely identifiable and is secured through cryptographic principles.
๐๏ธ Gas Fees
In ZIGChain a small fee is paid upfront for each transaction. This small fee is commonly known as the Gas Fee.
๐๏ธ Staking
ZIGChain Staking is a decentralized process that enables users to enhance the networkโs security and governance by delegating their ZIG tokens to validators. In return, participants earn rewards for their contributions.
๐๏ธ Staking APR
When staking assets on ZIGChain, one of the most important factors to consider is the Annual Percentage Rate (APR), as it determines the efficiency and profitability of staking. Staking rewards on ZIGChain will include both income from inflation and transaction gas fee distribution. This article explains how APR will be calculated for ZIGChain, breaking down key concepts such as community tax, bonded tokens ratio, and the difference between nominal and actual APR.
๐๏ธ Governance
ZIGChain Governance is a decentralized decision-making process that allows ZIGChain users to participate in the network's future. Users can vote on proposals, where each ZIG token equals one vote, to change parameters such as fees and validator count, or decide how to spend the treasury.
๐๏ธ Delegator's FAQ
Staking on ZIGChain empowers ZIG holders to contribute to network security and earn rewards by delegating their tokens to validators. This FAQ aims to answer common questions about the staking process.
๐๏ธ Add ZIGChain Testnet to Wallet
Here's the step-by-step tutorial guide on how to set up ZIGChain Testnet in your Leap and Keplr wallets.
๐๏ธ Glossary
This comprehensive guide will help you navigate the world of ZIGChain and understand key terms and concepts.