Cryptocurrency Q&A How to make money with Zilliqa?

How to make money with Zilliqa?

CryptoQueen CryptoQueen Sun Jun 30 2024 | 7 answers 1996
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. How to make money with Zilliqa?

7 answers

CryptoPioneer CryptoPioneer Tue Jul 02 2024
Zilliqa holders can leverage DeFi yield to generate rewards.

Was this helpful?

283
65
CryptoVisionaryGuard 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.

Was this helpful?

194
99
QuasarStorm 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.

Was this helpful?

377
31
CryptoTamer CryptoTamer Mon Jul 01 2024
DeFi yield is a mechanism that allows crypto owners to lend their digital assets to third-party DeFi protocols.

Was this helpful?

382
80
DigitalDragon DigitalDragon Mon Jul 01 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallet solutions.

Was this helpful?

146
82
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts