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Spore crypto coin12/10/2023 Moving forward, the promise of high yields and low gas fees ensures that Zilliqa is the ideal blockchain for new projects and experiments to build on and blossom, solidifying its position as a legitimate contender as a protocol of choice in the DeFi space. Zilliqa Capital aims to invest in decentralised and fintech solutions across investing, wealth management, insurance, lending, payments, and remittances, as well as critical infrastructures that will enable Web 3.0. Zilliqa Capital, the project’s central business and investment hub, was recently launched in March. To grow its ecosystem further, Zilliqa also has its ZILHive initiative which looks to promote blockchain through accelerator, incubator, education, and venture initiatives. ![]() These include the likes of NFT minting service and marketplace Mintable.app, decentralised domain service provider Unstoppable Domains, and blockchain gaming application zilFighters. Zilswap, the first decentralised exchange on the Zilliqa blockchain, went live in 2020 and has since seen a 24-hour trading volume growing to over US$11 million.Īs part of Zilliqa’s DeFi ecosystem, a wide range of decentralised applications also went live on the Zilliqa mainnet. Throughout 2020, the proliferation of decentralised finance (DeFi) applications across the blockchain space brought about unprecedented growth opportunities for the team.Īs a smart contract platform characterised by high-performance, low fees, and enterprise-grade security, Zilliqa is designed for applications that handle high-value transactions such as DeFi products. With $XSGD, the Singapore dollar effectively became the third most tokenised currency in the world. ![]() This MAS-approved initiative brings immense potential for the Singapore blockchain ecosystem, allowing SGD-denominated trades and transactions to occur on the blockchain. In late 2019, Xfers - a Singapore-based FinTech platform - launched the first SGD-pegged stablecoin ($XSGD) on the Zilliqa blockchain. Sharding is a database management technique that breaks a database into smaller segments, allowing transactions to be processed in parallel and at scale. Zilliqa now has a flourishing community of over 150,000 enthusiasts, more than 780,000 wallets, and an expanding network of over 1,000 developers.Īs one of the most prominent names within Singapore’s blockchain ecosystem, upon its mainnet launch in January 2019, Zilliqa became the world’s first public blockchain built on sharded architecture. In 2018, Zilliqa concluded its initial coin offering (ICO) and successfully raised US$22 million in ETH.įollowing the ICO in 2018, the Zilliqa ecosystem and community has grown significantly, processing almost 12 million transactions since its launch in 2019. Zilliqa Image Credit: Ziliqaīorn out of peer-reviewed academic research conducted at the National University of Singapore, Zilliqa was founded in 2017 by a team of academics, entrepreneurs, and engineers. ![]() We delve into four cryptocurrency startups in Singapore that not only stand strong, but continue to thrive in the global arena amidst the ever-changing and unpredictable crypto landscape. Its unforgiving nature has led to multiple Singaporean cryptocurrency startups closing their doors in just a few years since their inception. The cryptocurrency industry is notorious for its volatility and unpredictability.
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