ZIGChain: Unlocking Wealth-Generation Opportunities for All

Zignaly
Zignaly
Published in
6 min readMay 4, 2024

--

ZIGChain is a new Layer 1 blockchain built on the Cosmos Network that unlocks wealth-generation opportunities for all. It provides an infrastructure for developers to build protocols that can be utilized by fund managers and accessed by the retail investor population in a seamless manner.

A $100 million ecosystem fund, supported by DWF Labs, has been established to incentivize developers to build on ZIGChain. With each new protocol, we get closer to our goal of enabling wealth generation for everyone.

Understanding Zignaly’s Mission

Wealth generation describes the process of creating, growing, and preserving financial resources. It usually involves “making money work for you” through smart investments that generate consistent returns over time. Sounds simple enough, right?

Not in reality. Traditional financial systems have made it almost impossible for the average person to access wealth-generation opportunities. As a result, the wealth gap continues to widen, with 1.10% of the world’s adult population controlling 46% of global wealth, as of 2023.

The factors contributing to the global wealth gap can be categorized into:

  1. Those who do not have the same access to wealth-generation opportunities as the next person. TradFi is segmented across income and wealth tiers (minimum account size requirements) and then fragmented across jurisdictions (restrictions on asset classes from regulators).
  2. Those who do not have the same understanding of the tools and techniques to generate wealth as the next person. Financial literacy levels vary across different economic regions of the world, and individuals have unique emotional and cognitive states that hinder their ability to optimize these tools.

Zignaly has spent six years attempting to address the limited access to wealth-generation opportunities. Leveraging the power of blockchain technology, we expand financial opportunities globally while remaining inclusive, user-friendly, and compliant with regulatory bodies.

Hundreds of thousands of our users have collectively generated millions of dollars in profits by investing alongside top digital asset managers. The user-friendly interface and various sets of tools allow investors to make all of the profit with none of the stress.

But we are just one wealth generation protocol. Imagine if hundreds of similar protocols were available to the masses. Imagine if there was an infrastructure that made it easy for builders to create these protocols and for users to access them. Well, that infrastructure is here…

ZIGChain: The Wealth Generation Infrastructure

Introducing ZIGChain, a cutting-edge Layer 1 blockchain on the Cosmos Network, designed to revolutionize financial empowerment through scalable and inclusive wealth generation infrastructure.

Developers can build innovative wealth generation protocols, fund managers can deploy them into accessible investment strategies, and the average person can take advantage of financial opportunities previously reserved for the wealthy elite all on ZIGChain.

ZIGChain unlocks a world where any user, regardless of financial literacy, social status, or geographic location, can generate wealth by clicking a single button. Wealth management services can now be built on top of any DeFi protocol, so users get all the benefits of Web3 but with a familiar and user-friendly interface.

Inspecting Under the Hood of ZIGChain

Let’s find out how ZIGChain’s architecture simplifies wealth generation.

Powerful Platform Capabilities & ZIG Staking

ZIGChain is being built on the powerful Cosmos SDK as a modular blockchain. Today, Cosmos is one of the fastest-growing infrastructures for new Layer 1 blockchain with high scalability, interoperability, and an easy-to-implement modular framework.

Cosmos is a proof-of-stake (POS) blockchain that involves staking to secure the network and validate transactions. So yes, we can finally confirm that ZIG holders will be able to stake tokens for huge rewards, and we are excited to share more details on this very soon.

Choosing Cosmos enables a fast transition from idea to implementation while maintaining reliability. The developer-friendly tools and libraries in the Cosmos SDK make it the ideal choice for launching a blockchain that values security, flexibility, and speed.

Moreover, the modular framework means ZIGChain’s functionality can be integrated in the core of the blockchain and expanded to meet users’ and developers’ evolving needs. It also allows seamless integration with existing blockchain ecosystems, creating a powerful network effect.

App-Chains for Wealth Management

Cosmos enables us to deploy an “app-chain” design that allows our core concepts of accessibility, transparency, and inclusivity to form a wealth management layer (WML) that sits between builders and the everyday investor.

This WML is the DeFi manifestation of Ziganly’s pooled accounts investment technology whereby users may choose to pool their funds with expert wealth managers who manage their investments. Here are just a few of the benefits that this app-chain design enables on ZIGChain:

  • Developers can concentrate on what they do best — building protocols for Power Users — and not spend countless hours simplifying them for less knowledgeable audiences.
  • Developers can quickly bring their wealth-gen protocols to market, as Wealth Managers can instantly build a service on top of it and/or integrate it into existing offerings.
  • Wealth Managers can monetize their skill set and knowledge and build their brand without mastering blockchain programming.
  • It provides access to innovative DeFi strategies that are only available on-chain.
  • Everyday traders, even those without prior knowledge of investing, can reap the benefits of expert investment strategies without actively managing their portfolios.

This confluence of developers, Power Users, and the average user/investor has never been attempted at the scale that ZIGChain attempts to achieve.

Redefining User Experience in DeFi

“Effortless investing” has been our motto since Day 1. So, it shouldn’t be a surprise that ZIGChain has a user-friendly UX that enables anyone to participate in wealth generation practices without prior knowledge or expertise.

But such a seamless user experience doesn’t mean a lack of advanced features. ZIGChain comes equipped with new-age technologies, including account abstraction and Gasless technology, to make Web2 and Web3 composability a reality.

ZIGChain opens the door to a future where just one button stands between a user and wealth generation. Soon, Web2 users will use their email accounts or social logins to integrate with on-chain protocols and invest in wealth management services by clicking a single “INVEST” button.

$100M Ecosystem Fund Backed by DWF Labs

Zignaly and DWF Labs have joined forces to establish a $100 million ecosystem fund to promote the adoption of ZIGChain. The fund will primarily incentivize and support developers in creating innovative wealth-generation protocols on ZIGChain. We are also joined by UDHC, Disrupt & score of other partners in this journey.

Our message to our fellow builders is simple:

Build innovative wealth generation protocols in our ecosystem, empowering fund managers to deploy them into accessible investment strategies that democratize financial opportunities.

The support for builders on ZIGChain doesn’t stop there. Developers will be prioritized in our network’s resource allocation and rewarded with a share of the core blockchain revenue. Such an approach ensures the growth and sustainability of our ecosystem as a whole.

Moreover, ZIGChain is partnering with various entities to enable smart contract functionalities, both EVM and Rust, on the L1. Developers of all levels and backgrounds can build wealth-generation protocols on ZIGChain without sacrificing creativity or innovation.

Strategic Partnerships and the Roadmap for ZIGChain

ZIGChain marks the beginning of a new chapter in Zignaly’s journey. A testnet version of ZIGChain will be launched this summer, with more details on the overall governance structure and incentive programs for early contributors, validators, and users to follow in the upcoming weeks.

With major partnerships being forged, ZIGChain, as a shared mindset of some of the biggest names in the industry, is set to disrupt the status quo and usher in a new era of financial freedom for everyone — and it’s all happening in 2024.

--

--

Zignaly
Zignaly

Zignaly is a group of passionate individuals who are building a trusted crypto social investment platform that leverages the playing field for everyone.