zilWatch Whitepaper

An Introduction to zilWatch

  1. Tracking of ZILs and ZRC-2 tokens in users’ wallets, liquidity pool farms, and staked tokens (with multi-currency)
  2. Swapping of tokens directly on the dashboard (via ZilSwap)
  3. Display of full ZRC-2 token information (e.g., full historical price chart, high-low, market cap, farming APR information, and more);
  4. NFT explorer that consolidates various NFT collections on Zilliqa; and
  5. zilWatchBot (Telegram Bot) which sends personalized alerts to users on price movements and more.
The zilWatch dashboard

We are committed to building inclusive products that will benefit all Zilliqans, and we will continue to do so through the creation of a self-sustaining economy for zilWatch and powered by our very own utility token ($ZWT).

What is ZWT?

1 | Decentralized Advertising

  1. For each advertisement cycle, start and end block numbers will be selected for the Auction and Advertisement Period
  2. Advertisers will then be required to place a bid in the advertising smart contract, using $ZWT higher than the previous bid
  3. Advertisers can then claim their $ZWT back from the contract if they get outbidded
  4. Advertisers with the highest bid by the auction’s end block will win the advertisement auction

As there is more than one advertisement spot on zilWatch, there may be more than one auction winner for a single auction (e.g., we might have N-highest bidder winning the auction). This process is fully decentralized and will benefit the Zilliqa network as each bid placed is a smart contract transaction. More details will be released before the launch of the feature.

Non-intrusive ad placement on zilWatch

2 | A Self-Sustaining Economy

  • 60% goes into staking and liquidity reward pool (in equal ratio)*
  • 20% goes to zilWatch team
  • 20% to be burnt forever

*All goes to liquidity reward pool before staking is implemented

3 | Shape the Future of ZilWatch

  • A fully-decentralised auction and advertisement module
  • Token staking

In the future, ZWT holders can help play an integral part in shaping the zilWatch product by suggesting and voting on new features they would like to see on zilWatch first.

Tokenomics

Token address: zil1qjt4t7w2006x34yjrnsdlc9q4v0eusltrg86jy

ZWT will have a fixed total supply of 10,000,000 ZWT, of which 4,500,000 ZWT will be circulating after the liquidity offering.

  • Initial sale (33%): 3,300,000
  • Initial liquidity (12%): 1,200,000
  • Liquidity rewards (20%): 2,000,000 (linearly decreasing curve, over 36 months)
  • Marketing & operations (15%): 1,500,000 (Vested monthly over 24 months)
  • Team (15%): 1,500,000 (Vested quarterly over 24 months)
  • Advisor (5%): 500,000 (Vested quarterly over 24 months)

Linearly decreasing reward curve

  • Total Liquidity Reward: 2,000,000 ZWT
  • Total period: 36 months
  • Reduction of reward every month: 3,003 ZWT

To illustrate:

  • 1st month: 108,108 ZWT
  • 2nd month: 105,105 ZWT
  • 3rd month: 102,102 ZWT
  • 35th month: 6,006 ZWT
  • 36th month: 3,003 ZWT
  • 37th month: 0 ZWT
Illustration of LP reward in 36 months

Join our community

Website: https://zilWatch.io

Telegram: https://t.me/zilWatch_community

Telegram Announcement: https://t.me/zilWatch_announcement

Twitter: https://twitter.com/zilWatch_io

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zilWatch.io

zilWatch.io is a smart dashboard to track your ZILs and ZRC-2 tokens in your wallet, liqudity pool farms, and staked tokens.