With the recent bull run starting to abate a little now, one project that has continued to surge — financially and in popularity — is ZIGChain, a decentralized social investment platform. To elaborate, since July 2023, the currency has seen its value rise from $0.005 to $0.17, indicating a growth of 3,300%.
$ZIG’s financial ascent over the last 18 months (source: Coingecko)
$ZIG’s ongoing financial ascent can be traced back to a host of community-building initiatives and partnerships. For instance, on Nov 30, the ZIGChain team concluded its largest ever ‘Buyback & Burn’ to date, with over $146,000 worth of $ZIG (approx. 903,410 ZIG) being eliminated from the token’s supply pool — thus creating scarcity and augmenting demand for the asset.
In fact, during November, a total burn volume of $268,000+ was witnessed while earlier this year, a sizable 6.4 million $ZIG Coins (worth approx. $80,000) were burnt, bringing the total $ZIG burned to date to 41,059,555. In a recent tweet explaining the purpose of these burns, co-founder Abdul Gafit Rafay explained:“[Zignaly’s] AUM is nearing new highs and it’s all a grand setup transitioning towardsZigchain with all this AUM set to become TVL”.
ZIGChain is an L1 providing users with the required infrastructure for developers to build innovative wealth-generation protocols. Since October, the offering has witnessed an expression of interest from thousands of users, who have signed up for the testnet waitlist.
Most recently, the first version of the ZIGChain Whitepaper was released to the public, revealing details of how the system’s governance structure, staking, and fees work as well as how the dev team plans on using its $ZIG reserves to fuel the ecosystem’s development
Partnerships driving innovation and adoption
Another area where ZIGChain has made significant strides recently is within the realm of strategic partnerships and innovative initiatives. For instance, the platform recently teamed up with Propchain to help meld blockchain tech with real estate investments — thus democratizing access to institutional-grade property investments and RWAs.
To elaborate, Propchain brings a robust platform of $135 million in tokenized real estate and ZIGChain provides a purpose-driven L1 focused on wealth generation alongside a technical roadmap that includes the development of a dedicated interface to simplify complex financial transactions.
Beyond real estate, ZIGChain has also entered the gaming sector by strategically integrating with Moon Tropica, a battle arena game. The collaboration seeks to enhance the latter’s in-game economy and elevate its general GameFi experiences.
Furthermore, the project has also been actively sponsoring and participating in several global high-profile events, such as being the Gold Sponsor of CryptoFightWeek’s CFN5 event in Dubai.
Lastly, since the beginning of the year, ZIGChain has collaborated with numerous crypto entities including Web3Auth, HoudiniSwap, Enjinstarter, and SpectreAI. Not only that, to maximize user engagement, they’ve launched the innovative Wealth Generation Quest, offering 100 exclusive Wealth Passes that provide access to unique perks like private events, grants, airdrops, and giveaways across the ZIGChain ecosystem.
Looking ahead toward an even brighter future?
The growing anticipation around ZIGChain’s future seems to have not gone unnoticed by high-profile crypto investors, particularly notable whales who have been strategically accumulating $ZIG recently.
For example, STILL K.A.P.O, a renowned trader with over 260,000 followers, publicly disclosed last month that he had been consistently purchasing 1 ETH worth of $ZIG daily for 30 days.
Following suit, other prominent crypto personalities like Andrew Crypto, founder of CryptoAreaGlobal.com, and Stasher also announced similar token accumulation strategies, each committing to buying 1 ETH of $ZIG every day for approximately a month.
Lastly, ZIGChain’s partnership with PureVPN, marked a significant milestone in ZIGChain’s expansion, with the former serving as the first official validator for ZIGChain. Therefore, it will be interesting to see how the project continues to mature and grow in the near future.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://cryptodaily.co.uk/2024/12/zigchains-3300-growth-is-being-driven-by-innovation-rwa-integration-and-gamefi