StealthEX is a convenient and user-friendly cryptocurrency exchange. Today we will show you how to buy Zilliqa (ZIL) for another cryptocurrency using the StealthEX exchange platform.
What Is Zilliqa Cryptocurrency?
Zilliqa is the world’s first public blockchain platform with high throughput. It is designed to scale up to thousands of transactions per second.
The Zilliqa team implements sharding theory to increase transaction speed as the network expands. Sharding is the partitioning of big data according to specific attributes and algorithms to significantly speed up access to the right data.
The platform is designed to run decentralized applications, which involves meeting financial algorithms and scaling requirements.
Zilliqa has its own token to support its operation, called the ZIL coin. This token grants holders the right to use the platform, pay for sending transactions and perform smart contracts.
In late 2017, the Zilliqa price raised the equivalent of $12 million in ETH in a private funding round. After the private round, as the price of ETH rose, the initial $12 million in funding soon turned into $20 million.
After reaching the required amount of capitalization, the founders of the crypto Zilliqa project stopped selling tokens publicly. Due to tremendous community interest, however, Zilliqa allocated an additional 4,445 ETH for public sale in January 2018.
The funds received from the token distribution are used by the developers as follows:
- 80% is for new developments of the crypto ZIL project, as well as to keep the platform running.
- 15% is remuneration for Anquan Capital Pte. Ltd. This company developed the underlying technology behind Zilliqa’s scalable blockchain.
- 5% is the remuneration to the project’s founding team and founders.
During the last year, the Zilliqa coin price has increased by 480.9%. To exchange this coin, you can use StealthEX.io. It’s possible to select from more than 300 coins, and the process itself takes only a few minutes. There is no need to register an account and share any of your personal details.
How To Exchange Zilliqa?
To make an exchange, you need to take a few simple steps:
First, you should choose Bitcoin in the left drop-down list. Then choose Zilliqa in the right list of coins.
After setting the pair it is necessary to enter the amount of Bitcoin you want to exchange.
Here you will see the estimated amount of Zilliqa coin that you will receive after the exchange.
Now when everything is set for the exchange, press the START EXCHANGE button and you will be taken to the next page.
As the second step, you need to provide the Zilliqa recipient address. The recipient address must match the cryptocurrency you are going to receive. Remember to double-check the information you enter prior to the exchange as the transaction you make cannot be canceled.
As soon as you have carefully checked all the details, you can press the NEXT button and you will be redirected to the CONFIRMATION page with the information about the exchange.
Pressing the NEXT button you will be redirected to the EXCHANGE page.
At first, you will see the address where you need to send your Bitcoin to continue the exchange. StealthEX will also provide you with the exchange ID. It will allow you to keep all the information about the swap. It is recommended to save your exchange ID or the link to your exchange.
After sending Bitcoin to the shown address, the information on the EXCHANGE page will be renewed automatically. The EXCHANGE page has several statuses that will change during the time of the exchange.
The first status is Awaiting deposit.
The following status is Confirming. This means that StealthEX is confirming the transaction you made.
The next status is Exchanging. During this time the exchange is being made.
Then the status will be changed to Sending to your wallet. This indicates that there are just a few minutes left until you will receive your Zilliqa.
Finally, you will be redirected to the FINISH page. This shows that the exchange has been successfully made and you will receive Zilliqa to the address provided. To be sure that Zilliqa was sent to your wallet you can also use the Output hash shown on this page and check it in the Zilliqa blockchain list of transactions.
From here you can either create a new exchange on StealthEX.io or leave the page and check your Zilliqa wallet to be surprised at how fast you got Zilliqa. Usually, the process is quite rapid so you won’t need to wait long.
If you have remaining questions about the StealthEX exchange service you can go to our FAQ section and find all the necessary information there.
We are always ready to give you support if you have any issues with exchanging coins. Our team does our best to protect all members and answer their questions. For all requests message us via firstname.lastname@example.org
You are more than welcome to visit StealthEX exchange and see how fast and convenient it is!
Originally published at https://stealthex.io on December 16, 2020.