How to get ZIL coins? Understand how to obtain ZIL coins in one article

ZIL coins can be acquired through various avenues such as cryptocurrency exchanges, staking, airdrops, mining, merchant purchases, developing dApps on Zilliqa, and contributing liquidity to ZIL markets.

Oct 30, 2024 at 11:57 am

How to Get ZIL Coins

ZIL (Zilliqa) is a high-throughput, scalable blockchain platform that uses sharding to achieve high transaction speeds. ZIL coins are the native cryptocurrency of the Zilliqa blockchain and are used to pay for transaction fees, gas, and other services on the network.

Here are some of the ways to get ZIL coins:

Buy ZIL Coins on a Cryptocurrency Exchange

The most common way to get ZIL coins is to buy them on a cryptocurrency exchange. Several exchanges list ZIL, including Binance, KuCoin, and Poloniex.

Earn ZIL Coins through Staking

ZIL holders can earn ZIL coins by staking their coins. Staking is the process of holding your coins in a wallet that is connected to the Zilliqa blockchain. Staking helps to secure the network and earn rewards in the form of additional ZIL coins.

Participate in Airdrops and Giveaways

Zilliqa occasionally holds airdrops and giveaways, where they distribute free ZIL coins to participants. To participate in these events, you will typically need to create a Zilliqa wallet and/or perform specific tasks, such as following Zilliqa on social media or retweeting their posts.

Mine ZIL Coins

ZIL coins can also be mined using specialized hardware, such as ASIC miners. However, mining ZIL coins is not profitable for most individuals, as the cost of electricity and hardware can often outweigh the value of the coins mined.

Buy Goods and Services with ZIL Coins

A growing number of businesses accept ZIL coins as a form of payment. You can use ZIL coins to purchase goods and services online, such as gift cards, electronics, and gaming items.

Develop DApps on Zilliqa

Developers can earn ZIL coins by developing and deploying dApps on the Zilliqa blockchain. Zilliqa has a grant program that provides funding to developers who build innovative dApps.

Provide Liquidity to ZIL Markets

ZIL holders can provide liquidity to ZIL markets on decentralized exchanges, such as Uniswap and SushiSwap. By providing liquidity, you can earn fees from other users who trade ZIL coins.

Conclusion

There are several ways to get ZIL coins, including buying them on a cryptocurrency exchange, earning them through staking, participating in airdrops and giveaways, mining them, buying goods and services with them, developing dApps on Zilliqa, and providing liquidity to ZIL markets. The best method for you will depend on your individual circumstances and risk tolerance.

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