# Zilliqa (ZIL)

> Zilliqa (ZIL) is a scalable and efficient blockchain platform that uses its native token, ZIL, for transactions, network governance, and interaction with dApps.

- Canonical URL: https://dev.iq.wiki/wiki/zilliqa-zil
- Categories: Cryptoassets
- Created: 2024-02-06T02:38:14.331Z
- Last updated: 2024-04-25T21:13:46.702Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

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**ZIL** is the native token of [Zilliqa](https://iq.wiki/wiki/zilliqa), a [blockchain](https://iq.wiki/wiki/blockchain) platform that focuses on scalability and efficiency in transaction processing. It is used for various purposes on the platform, including [transaction fees](https://iq.wiki/wiki/transaction-fee) and participating in the network's governance.  It enables interaction with all [dApps](https://iq.wiki/wiki/decentralized-application) and platform services within the [Zilliqa](https://iq.wiki/wiki/zilliqa) ecosystem. ZIL can be utilized for various purposes, including payment for goods and services, purchasing and selling [NFTs](https://iq.wiki/wiki/non-fungible-token-nft), etc. [\[6\]](#cite-id-q7eiqfu16f)  
  
# Tokenomics  
  
The total supply is 21,000,000,000 ZIL. The initial token launch date was August 31st, 2017, and the initial distribution of ZIL was as follows: [\[5\]](#cite-id-5ts2rmgjo15)  
  
* 30.00% allocated to Early & Community Contributions  
* 40.00% allocated to [Mining](https://iq.wiki/wiki/mining) Rewards  
* 30.00% allocated to Company, Team, Agencies![content_ZIL_Allocation.png](https://ipfs.everipedia.org/ipfs/Qmd4m1g63gHCtTgVGn7SSwBFPppXXmR9aAfg7fyX63Kb62)  
  
## Token Generation Event  
  
[Zilliqa](https://iq.wiki/wiki/zilliqa) launched its first Token Generation Event (TGE) in December 2017 to help sustain the research and development of [Zilliqa](https://iq.wiki/wiki/zilliqa) and facilitate [dApp](https://iq.wiki/wiki/decentralized-application) development and adoption of the platform. 60% of the finite supply of tokens was launched at this TGE. [\[2\]](#cite-id-celfuqcaz)  
  
  
  
# Governance ZIL (gZIL)  
  
Governance ZIL (gZIL) is the [governance token](https://iq.wiki/wiki/governance-tokens) for the [Zilliqa](https://iq.wiki/wiki/zilliqa) network. It allows long-term token holders to engage in ecosystem decisions. Each gZIL token represents one vote, and voting power scales according to the amount held. [\[4\]](#cite-id-8rqaj6r8ldq)