For those interested in making money with Zilliqa, it begs the question: what strategies should be employed? As a blockchain platform focused on scalability and sharding, Zilliqa offers numerous opportunities for investors and enthusiasts alike. Should one opt for long-term investing, holding onto ZIL tokens in anticipation of their potential appreciation? Or is staking, where token holders delegate their holdings to validators for rewards, a more viable option? Mining, although not directly applicable to Zilliqa's proof-of-stake consensus mechanism, may still be a consideration if one explores the Zilliqa ecosystem for associated mining-friendly projects. Understanding the dynamics of the Zilliqa network and its tokenomics is crucial for those seeking to capitalize on this emerging blockchain technology.
7 answers
CryptoPioneer
Tue Jul 02 2024
Zilliqa holders can leverage DeFi yield to generate rewards.
CryptoVisionaryGuard
Mon Jul 01 2024
Once deposited, the Zilliqa tokens are lent out to borrowers, and the lender receives a portion of the interest paid by the borrower.
QuasarStorm
Mon Jul 01 2024
The interest rate and other terms are typically determined by the DeFi protocol and can vary depending on market conditions.
CryptoTamer
Mon Jul 01 2024
DeFi yield is a mechanism that allows crypto owners to lend their digital assets to third-party DeFi protocols.
DigitalDragon
Mon Jul 01 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallet solutions.