Zignaly (ZIG) Launches ZIGChain and Injects $100 Million to Strengthen DeFi

Zignaly, a leading decentralized social investment platform, announced the launch of ZIGChain, a Cosmos-based layer-1 blockchain, and the establishment of a $100 million ecosystem development fund. This monumental announcement marks a step forward for Zignaly in strengthening its infrastructure and expanding DeFi reach for users around the world.

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Zignaly has been known as an innovative platform that allows users to copy trading strategies from professional traders, just like crypto fund managers. Recently, Zignaly secured a crypto license in South Africa, cementing its position as a trusted decentralized financial service provider.

"ZIGChain will enable developers to focus on what they do best: building, while wealth managers form an empowered user layer and act as a link between the protocol and the user base," Andrei Grachev, Managing Partner of DWF Labs, said in a statement. " This pool of developers, wealth managers, and users has never been tried at this scale and in a decentralized way."

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Zignaly's Mission: DeFi for All

Zignaly's mission is to create a world where everyone, regardless of prior knowledge of digital assets or how to profit from them, can easily engage in decentralized finance (DeFi) by simply pressing the "investment" button.

"The wealth management layer in ZIGChain will provide a truly effortless user experience by building wealth management services on top of any DeFi protocol, no matter how complex," said Torben Jorgenson, partner at UDHC, who also participated in the funding round. "We are excited about this vision, and therefore, being part of an ecosystem fund was an easy decision."

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ZIGChain and the Ecosystem Development Fund

ZIGChain, as a layer-1 blockchain, is designed to bring more efficient and secure solutions for DeFi transactions, while opening up opportunities for the development of a broader and diverse ecosystem.

Meanwhile, the announced $100 million in ecosystem development funds will be used to expand ZIGChain's infrastructure, support technological innovation, and foster inclusive ecosystem growth for users.

This significant funding demonstrates Zignaly's commitment to strengthening their user base and expanding the reach of decentralized financial services.

Kemitraan Strategis Zignaly

Zignaly telah menjalin kemitraan strategis dengan beberapa perusahaan terkemuka di bidang keuangan dan teknologi blockchain untuk mendukung pengembangan ZIGChain dan memperkenalkan inovasi yang lebih lanjut dalam industri DeFi.

“Kami berkomitmen untuk memberikan pengalaman terbaik bagi pengguna kami dan memperluas aksesibilitas keuangan terdesentralisasi bagi semua orang. Dengan ZIGChain dan dana pengembangan ekosistem, kami berharap dapat mewujudkan visi tersebut dan membawa DeFi ke level berikutnya,” kata Alex Paley, Co-Founder Zignaly.

The development of Zignaly and ZIGChain will continue to be monitored by the global crypto market as part of the growing trend of innovation and growth in the DeFi space.

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How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, then you can make a crypto asset purchase in the application.

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Monitor the price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.