Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Zilliqa (ZIL): Recent Developments, Community, Future Events

CryptocurrencyJul 08, 2021 12:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
Zilliqa (ZIL): Recent Developments, Community, Future Events

  • The Zilliqa blockchain has struck a harmonious chord in the Cryptoverse with a series of partnerships and announcements.
  • The network’s recent partnership with the Foreign Exchange Clearing House (FXCH) is intended to facilitate increased adoption for Zilliqa.
  • In a similar development, Zilliqa and Zilliqa Capital have become the latest members of the Chamber of Digital Commerce.
  • At the time of writing, Zilliqa is trading at $0.07807, and upcoming events are indicative of a bullish run in the future.

Zilliqa burst onto the scene in 2019 and was quickly dubbed an Ethereum killer because of the impressive features offered. Zilliqa’s major objective is to solve the issue of scalability that generally plagues blockchains.

In furtherance of this goal, Zilliqa has unveiled key partnerships in order to improve its adoption and provide liquidity for users. The partnership with FXCH and the platform’s inclusion in the Chamber of Digital Commerce has generated great enthusiasm and optimism amongst community members.

Recent Developments: Forging Key Partnerships

Zilliqa understands the power of collaboration and is leveraging it to generate a buzz for its blockchain. The recent partnership with the Foreign Exchange Clearing House underscores this sentiment.

The specifics of the partnership see the FXCH granting liquidity providers and traders in need of credit with ZIL tokens, through a $10 million FX SWAP facility.

Such loan offers would be valid for up to two weeks and are the first of their kind in the FXCH’s history, as the clearinghouse has never offered financial institutions SWAP options for an Altcoin.

Speaking on the partnership, Zilliqa’s president, Amrit Kumar, confidently stated that this “new loan product will make ZIL more accessible for institutional investors” and improve liquidity.

Another positive development to be warmly received by the community is the induction of Zilliqa and Zilliqa Capital into the Chamber of Digital Commerce, a trade association that represents the digital assets and blockchain sectors.

This is a decisive move for the organization that could see Zilliqa’s rapid expansion into US markets. Amrit Kumar beamed that joining the association is a “privilege” and this will “open as many doors” in the North American market.

On the Flipside

  • Zilliqa has fallen by 4.69% over the last 24 hours, settling at $0.07807, which is a far cry from its all-time high.
  • Alongside waning values, trading volumes have also fallen by as much as 27.16%, down to $52.5 million.

Zilliqa: Community

For Zilliqa, their community is the core of the blockchain project. The Zilliqa community is largely composed of developers, miners, and followers who see blockchain technology as a means to a decentralised future.

The community takes education seriously, which has led to the creation of ZILHive Education, a training program for developers and non-developers alike, which offers courses on how to code on Scilla and to build on the Zilliqa blockchain. It also gave rise to the ZILHive Incubator, a virtual training program for entrepreneurs and budding startups.

What Does the Future Hold for Zilliqa?

Zilliqa has a host of projects lined up for the future, the most anticipated of which is the construction of a bridge to Ethereum.

Zilliqa has entered into a partnership with Switcheo to build the ZIL-ETH bridge, which will extend the frontiers of interoperability. With the testnet scheduled to go live soon, the community is eagerly watching on in anticipation.

Zilliqa also has NFT dApps in the works, and projects like the Sparda wallet, ZilFlip, and ZilDuck, among others, all promise a bright future for Zilliqa.

Zilliqa: Performance

Zilliqa reached its all-time high in May at $0.2563, trading now, at the time of writing, at $0.07807. In just 2020, the token was trading at $0.002477, meaning that the asset has made impressive growth of 3,092.99% in only a year.

If Zilliqa continues to form impressive partnerships and notching exciting developments, the value of the asset will be poised to soar even higher in the coming weeks.


Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7] You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

Zilliqa (ZIL): Recent Developments, Community, Future Events

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email