Scalable high-throughput blockchain Zilliqa has announced an airdrop for holders of its ZIL token who stake them on the platform.

The campaign dubbed, “Zillacracy,” will start from the 15th of February and run until March 16th, 2021. The announcement added that a daily lottery of 1,000 ZIL are going to be airdropped to a random address staking on the platform.

Zilliqa has announced an airdrop for holders

It added that in addition to the 1,000 ZIL daily offer, it'll also offer a 2,500 ZIL airdrop each week during the event. this suggests a complete of 45,000 tokens are going to be distributed worth an estimated $5,000 at current prices.

Zilliqa offers sharded scaling with up to 2,488 TPS though it's yet to compete with Ethereum in terms of developers or dApps.

Staking Rewards Heating Up

The battle to entice crypto stakers is heating up. Just last week, the Injective Protocol launched its Equinox staking incentive, and new offers are constantly emerging within the rapidly evolving DeFi sector.

The top crypto asset by staked value is currently Cardano, which has around $20 billion staked and offers 4.27% returns, consistent with StakingRewards.com.



After that, it's Polkadot with $15 billion staked and a much more impressive annual percentage yield of 13.5%. Avalanche is third with approximately $11.5 billion staked and a return of 10.4%. Zilliqa is currently yielding 14% annually, according to the analytics provider.

The up to now not functioning ETH 2.0 blockchain recently surpassed 3 million ETH staked, which at current prices equates to $5.3 billion. The rewards for stakers are around 9%, paid in ETH, and therefore the asset has increased in value by 190% since the Beacon Chain was launched on December 1, 2020.

Zilliqa also has an automatic market maker called ZilSwap which is reporting a total value locked of just about $12 million.

ZIL Price Outlook

At the time of writing, ZIL prices were trading 15% up on the day at $0.1269, according to Coingecko.com. it's had a solid week, however, gaining 53% over the past seven days to achieve its highest price since June 2018 with $0.132086 in early trading on Friday, February 13.

ZIL remains a long way down from its all-time high, which came in May 2018 when the token approached $0.20. it's made a monumental 1,245% since this point last year.

IOTA rallied by 136.88% over the past week to $1.18

Ethereum’s uptrend towards $2,000 stalls above $1,800