Zilliqa (ZIL)

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Name Price Supply Volume Market Cap
9.26B ZIL


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Secure Proof of Stake (sPoS)

Zilliqa is a smart contract processing platform focused on transaction speed and scalability. The project leverages sharding technology, which divides the blockchain into multiple processing layers and a proprietary programming language to increase throughput.
Any user wishing to utilise smart contracts.



Whitepaper Summary
ZIL does not have a whitepaper instead opting to issue a “Position Paper” and a separate technical paper. Both of these documents are comprehensive in nature and provides a clear understanding of the company, concept and the mechanisms of the technological innovation that it brings.
Problem Solved
Zilliqa takes a blend of approaches when targeting this niche of smart contract processing. The ZIL team’s primary motivation in building this product was to create a platform that could process smart contracts at scale without sacrificing core blockchain principles. In order to achieve this the platform relies on sharding technology.
Competitive Edge
Unlike many highly scalable smart contract processing platforms, like NEO or EOS, ZIL does not rely on delegated proof-of-stake (DPoS) for its transaction throughput. While DPoS potentially allows for massive scaling it also centralizes the network in a way that many deem to be unsafe and unsecure.

Additionally, ZIL focuses on scalability through a process called sharding.

While many current blockchain applications utilise every node on a network to process every transaction, ZIL divides the network into 10 shards, each processing one tenth of the network’s transactions and requiring only one tenth of the miners at any given time.

This reduces wasted computational resources related to nodes confirming transactions that may have already been verified by thousands of others.

Development Roadmap
No actual roadmap could be found. Only reference to their roadmap was stated in ZIL’s blog which mentioned a MainNet release in March 2018. The majority of their blog is written in Mandarin.


Zilliqa completed a public token sale on the Ethereum network between Dec. 2017 and Jan. 2018. Participants in the sale received ERC20 Zilling (ZIL) tokens which will be converted to native tokens
when the main network launches. The sale had a hard cap of $22.0 million at a price of 116,060 ZIL per ETH. Initially, the project planned to raise up to $20.0 million but adjusted the cap due to the rise in ETH prices.
Only members of the community Slack or Telegram channels before Nov. 29, 2017, were eligible to participate in the sale. Each community member was capped at a total of 2.5 – 5.0 ETH
during the sale.

Early supporters that provided funding or other support to the project were eligible for an extra 10 – 15% “bonus” allocation on top of the tokens they received through the sale.

A total of 21.00 billion ZIL were created, with 6.30 billion distributed through the public sale. An additional 6.30 billion tokens were allocated between Anquan Capital (2.10 billion), Zilliqa Research (2.52 billion), the founding team (1.05 billion) and various supporting agencies (0.63 billion), including Bitcoin Suisse.

The remaining 8.40 billion tokens were reserved for future mining rewards, which will be distributed over a ten-year period.

Tokens allocated to Anquan Capital, Zilliqa Research, the founding team and supporting agencies, excluding Bitcoin Suisse, are subject to a vesting plan which releases new tokens quarterly over a three-year period.

Of the funds raised in the token sale, $17.6 million will go to research, development, and operations. Anquan Capital was allocated $3.3 million of the proceeds, and the remaining $1.1 million was rewarded to the founding team.

$22 million USD
ICO from 27 Dec 2017 to 4 Jan 2018.
ICO token price: 1 ZIL = $0.0038 USD / 0.0000084656 ETH


Creators / Founders

Xinshu Dong
Published scientist and practitioner in building secure systems Led the research and development of Anquan’s proprietary scalable and secure blockchain, deployed for financial and e-commerce applications.

Core Development Team
Prateek Saxena
Chief Scientific Advisor
Research professor in computer science at National University of Singapore
PhD in computer science from UC Berkeley
Received several premier awards such as the Top 10 Innovators under 35 (MIT TR35 Asia) in 2017

Yaoqi Jia
Head of Technology
Experience building secure and privacy-preserving web and distributed systems with cryptographic mechanisms. Research work has been published in top international conferences, such as CCS, USENIX Security, PETS, RAID, and ESORICS. Received the Best Paper Award in W2SP (2014) and ICECCS (2014)

Notable Advisors

Evan Cheng
Engineering director at Facebook

Aquinas Hobor
Assistant Professor at Yale-NUS College and School of Computing

Alexander Lipton
CEO and founder of StrongHold Labs

Loi Luu
Developed Oyente and co-founded SmartPool

Nicolai Oster
Head of ICO at Bitcoin Suisse

Stuart Prior
More than 20 years in corporate and investment banking

Christel Quek
Co-founder of BOLT and founder of Pin8cle

Ilya Sergey

Vincent Zhou
Founding partner at FBG Capital

Notable Investors
FBG Capital
Global Brain
HyberChain Capital
Kenetic Capital
One Block Capital
Signum Capital

Trade Crypto Live Sentiment

With network slowdowns and increase in processing fees, there will be a significant need for technology that is able to underpin the load of increasing demand and increasing blockchain size. ZIL seems to be on the right track as it is trying to find a viable scaling method using existing blockchain technology while keeping the speed and efficiency constant. The outcome of their efforts could become a reinvention of how blockchains function.