What is ZigCoin (ZIG)?
ZigCoin (ZIG) is an ERC-20-based crypto token that powers the Zignaly ecosystem. Zignaly is a blockchain-based social investment platform. It enables retail investors to invest with professional asset managers to increase their chances of winning. There are no upfront fees on Zignaly and all generated profit is automatically distributed to investors and traders. Besides, the profit generated using Zignaly is based on performance.
Check out the ZigCoin price chart above. It features both – the current and the previous ZIG price.
Zignaly envisions a social crypto trading platform that offers financial freedom to everyone. The platform targets talented and experienced traders who lack the funds to monetize their trading strategies. It also helps investors who lack the time or skills to create effective trading strategies.
Besides, the platform is supported by Zignaly Insurance, which is an NFT-based insurance protocol that offers more risk protection to the platform users. It is an automated insurance policy that allows users to purchase insurance policies that offer partial or full coverage for their investments. You can choose to cover between 10% and 100% of your invested assets.
Use Cases of ZigCoin
ZigCoin crypto asset is a utility token fuelling the entire Zignaly ecosystem. Initially, ZIG tokens act as the main payment method within the platform. It's used to purchase and manage all insurance contracts or make any other payments that occur within the Zignaly network. In addition to that, ZIG coin holders have access to the Zignaly Vault.
Don't forget to check the live ZIG price featured on its price chart above.
Who Founded Zignaly?
Zignaly was founded in 2008 by three friends – Bart R. Bordallo, David Rodríguez, and A. Rafay Gadit. Bart is the CEO of Zignaly, David is the CMO, and Rafay is the CFO.
Tokenomics of ZigCoin (ZIG)
ZigCoin has a maximum supply of 2 million tokens. The token distribution is the following: 12.5% went to the pre-sale, 3.25% to advisors, 12% was used for liquidity, 25% was set aside at the reserve, 10% went to partnerships, 5% to expert trade incentives, and 22.5% to founders.
Besides, Zignaly employs the buyback-and-burn mechanism to keep the ZigCoin price from being affected by inflation. How does it work? The project buys back a portion of ZIG tokens from the market and then immediately burns them.
