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governance ZIL Price (GZIL)
$12.52
7.66%
governance ZIL Price Chart (GZIL/USD)
Last updated 22 Jun 2022, 09:10AM UTC. Currency in USD.
Markets
| # | Exchange | Pair | Price | Spread | Volume(24h) | Trust |
|---|---|---|---|---|---|---|
| 1 |
 CEX.IO |
GZIL / USD | $6.50 | 14.48% | $351 | |
| 2 |
 Liquid |
GZIL / USDT | $7.54 | 19.91% | $87 | |
| 3 |
Liquid |
GZIL / BTC | $7.56 | 13.71% | $2 | |
| 4 |
CEX.IO |
GZIL / USDT | $6.11 | 43.01% | $59 |
GZIL Price Statistics
- governance ZIL Price Now $13
- 24h Low / 24h High $12 / $14
- Trading Volume $18,749
- Market Cap Rank #941
- Market Cap $7,024,790
- Volume / Market Cap 0.0027
-
All-Time High
$658 -98.09%
Mar 12, 2021 -
All-Time Low
$9 32.21%
Jun 18, 2022
Introduction to Governance ZIL Cryptocurrency
Governance ZIL cryptocurrency is a revolutionary digital currency that aims to bring transparency, security, and decentralization to the world of finance. It is built on the Zilliqa blockchain, one of the most advanced and scalable platforms in the industry.
What is Governance ZIL?
Governance ZIL is a digital asset that empowers holders to actively participate in the decision-making process regarding the future development of the Zilliqa ecosystem. It offers a unique governance mechanism that enables token holders to vote on proposals, upgrades, and other key decisions.
By holding Governance ZIL, users can have a say in the evolution of the platform, influencing its development roadmap and ensuring the network caters to their needs and preferences.
Why is Governance Important?
Governance is crucial for any cryptocurrency or blockchain project as it determines the direction and trajectory of development. Through governance, decision-making power is decentralized, fostering community involvement and ensuring that decisions are made in the best interest of the network.
With Governance ZIL, stakeholders can actively participate in shaping the future of the Zilliqa ecosystem, promoting accountability, and preventing centralization of power within the network.
How Does Governance ZIL Work?
The governance mechanism of Governance ZIL is designed to be inclusive and democratic. Token holders can submit proposals for network upgrades, improvements, or other changes. These proposals are then voted upon by the Governance ZIL community.
Each Governance ZIL token holder is allotted a voting power proportional to the number of tokens they hold. This ensures that the voting process is fair and reflects the interests of the majority. Proposals that receive sufficient support are implemented, while those that fail to garner enough votes are reassessed or rejected.
Benefits of Governance ZIL
1. Community Involvement: Governance ZIL empowers token holders, allowing them to actively participate in key decisions regarding the network's development.
2. Transparency: The governance mechanism ensures transparency in decision-making, enabling the community to monitor and scrutinize proposals and voting results.
3. Decentralization: By involving the community in the decision-making process, Governance ZIL prevents centralization of power and promotes a more decentralized network.
4. Security: Through democratic processes, the risk of malicious actors manipulating the network is minimized, enhancing the overall security of the Zilliqa ecosystem.
In conclusion, Governance ZIL cryptocurrency provides an inclusive and democratic approach to decision-making within the Zilliqa ecosystem. By involving token holders in key governance processes, it empowers the community and ensures a transparent, secure, and decentralized network.