ZIGStake: Power Up For ZIGChain Mainnet
The votes are in, and the $ZIG community has spoken with a resounding “YES” to the $ZIG Tokenomics Upgrade Proposal!
The approval of this proposal, which included the provision for a community pool through pre-mainnet staking opportunities, propels ZIGChain forward in its quest to redefine wealth generation for all. Now, it’s time to reveal what you’ve been waiting for — with the ZIGStake Program. Fueled by 60,000,000 $ZIG tokens, this program turns your early support into real rewards.
This guide explores how to stake your $ZIG for staking rewards, what you can expect to earn, and why we have chosen this approach.
Table of Contents
What Is the ZIGStake Program
How to Start Staking $ZIG
Understanding $ZIG Staking Rewards
How to Un-stake $ZIG
Our Three-Pronged Security Approach
How ZIGStake Drives ZIGChain’s Growth
A New Beginning…
What Is the ZIGStake Program
As part of our new tokenomics, we’ve allocated 125 million tokens to a community pool dedicated entirely to staking rewards. This significant allocation underscores our commitment to rewarding the community and incentivizing early participation in the ZIGChain ecosystem.
The first phase of our staking program will utilize 60 million tokens to provide immediate staking opportunities before the ZIGChain mainnet launch — allowing $ZIG holders to begin the reward accrual process and qualify for distributions that will occur after the mainnet goes live.
How to Start Staking $ZIG
Anyone holding $ZIG in an ERC-20 compatible wallet can participate in the ZIGStake Program.
Staking Process:
- Visit the ZIG staking platform and connect your ERC-20 wallet
- Navigate to the ‘Stake’ tab
- Enter your desired staking amount
- Click ‘Stake’ and approve the transaction in your wallet
Congratulations, you are now staking your $ZIG tokens and eligible for staking rewards! Please keep reading to learn more about the rewards structure, what happens if you un-stake, and other important details about the Program.
Understanding $ZIG Staking Rewards
Your allocation from the reward pool is based on your average staked amount over the entire staking period, which will run until the ZIGChain mainnet launch (expected in Q1 2025). It’s a simple principle — the more tokens you stake and the longer you maintain your stake, the higher your staking rewards.
There’s no minimum required and no upper limit, so you can stake as little or as much as you want. We’re taking an inclusive approach to ensure that every $ZIG holder can be part of our growing ecosystem and power up for mainnet.
Example of Staking Reward Calculation
To illustrate how different staking behaviors affect staking rewards, let’s look at four hypothetical participants over a 5-month (150-day) staking period. We will further assume that the total average amount of $ZIG staked during this period is 250,000,000 translating into an APY of 57.6%:
It is pertinent to note here that the program has been designed as highly inclusive — keeping with our ethos of democratizing wealth generation opportunities for all. Hence, while the notional amount of the staking reward will be different for every staker (based on how much they stake and for how long), the APY for all program participants will remain the same.There are no boosters or multipliers that incentivize one group over another keeping the mechanics fair.
$ZIG Staking Reward Distribution Date
It’s important to note that while you start staking before the ZIGChain mainnet launch, the distribution of rewards will only occur once the mainnet goes live. After this point, your staking rewards will be distributed over a 180-day period daily starting from the 15th day of ZIGChain Mainnet.
This vested distribution ensures that all rewards are accurately calculated and distributed based on the final snapshot taken. The support team is happy to answer any questions regarding staking and reward distribution, so please don’t hesitate to reach out.
How to Un-stake $ZIG
While keeping your $ZIG staked is the best way to earn rewards, we understand that there may be instances where you need to un-stake your tokens. Unstaking is a simple process and can be done at any time by following these steps:
- Go to the “Unstake” tab on the staking platform
- You’ll see a list of your staked tokens
- Choose how much you want to un-stake
- Click “Unstake” and confirm the transaction
Note: Each staking transaction is treated separately for ease of tracking, so if you staked in multiple transactions, you’d need to un-stake them individually.
The Unbonding Period
The ZIGStake Program implements a 14-day un-bonding period which implies that users who un-stake will have to wait for 14 days to access their tokens. During this time, your unstaked tokens won’t earn staking rewards and will be unavailable for transfer or re-staking.
After the 14-day unbonding period:
- Your tokens will appear in the “Withdraw” tab
- Click “Withdraw” to transfer them back to your wallet
Once withdrawn, your $ZIG tokens will appear in your wallet.
Our Three-Pronged Security Approach
We protect your funds and data with a three-pronged approach through:
- Smart Contract Audits: We’ve subjected our smart contracts to rigorous audits by a reputable third-party security firm. Their report can be accessed here — [Hacken Security Audit]. These thorough examinations help identify and address potential vulnerabilities to ensure the integrity of the staking process.
- Secure Wallet Integrations: Partnering with well-established providers in the crypto space, these integrations are regularly updated to maintain the highest security standards and to shield against emerging threats.
- Continuous Monitoring: Our dedicated team will oversee the staking platform to swiftly identify and respond to any unusual activity. Taking this proactive approach helps maintain the safety of your staked funds around the clock.
How ZIGStake Drives ZIGChain’s Growth
The ZIGStake Program is the first phase of a much larger ecosystem growth strategy for ZIGChain focused on building an even stronger community. Here’s why ZIGStake is central to our plans:
- Decentralization and Aligned Interests: Staking is key to promoting a more decentralized ZIGChain. As users stake their tokens, it naturally aligns their interests with the network’s success and encourages wider $ZIG distribution across our community. By starting early, we hope to foster this ideal of YOU securing YOUR network.
- Long-term Sustainability: The staking process positively influences the market dynamics of $ZIG. As tokens are locked up for staking, the circulating supply decreases, which can have a positive impact on the token’s stability. Stability is essential for YOUR token’s adoption as the Main Utility Token for the ZIGChain ecosystem.
- Ecosystem Development: By participating in the ZIGStake program, you’re not just earning $ZIG rewards — you are directly contributing to the Developer ecosystem. The nature of the staking rewards distribution ensures that you will have more firepower to take advantage of all the opportunities that the dApps ecosystem on ZIGChain will provide & will serve as a strong incentive, amongst many others, for Developers to build in our ecosystem.
Builders will build for YOU.
A New Beginning…
One of the greatest sources of pride for us is the love, adoration & support of the $ZIG community & we would like to express our continuing gratitude for all your support. Whether you’re a long-time supporter or new to our community, now is the time to put your $ZIG to work and Power Up for the ZIGChain Mainnet.
