ZIGChain is a Proof-of-Stake (PoS) Layer-1 (L1) blockchain built via the Cosmos SDK. The network supports Rust-based smart contract development via CosmWasm, enabling developers to build efficient and modular decentralized applications on the chain.

Project Function

The blockchain’s modular design—dubbed the Wealth Management Engine—allows easy upgrades and includes specialized modules such as a token factory for permissionless asset issuance and a built-in decentralized exchange for on-chain trading. ZIGChain also emphasizes real-world asset integration, partnering with institutions to tokenize assets like real estate and bridge traditional finance with DeFi opportunities on its platform.

Token Utility 

ZIG is the native utility token of ZIGChain and underpins the network’s economy. Holders can secure the blockchain by running validators or delegating stake (to earn staking rewards), and use ZIG to pay transaction gas fees for network operations and smart contract executions.

About The Founders

ZIGChain’s founding team – Bartolome R. Bordallo, Abdul Rafay Gadit, and David Rodriguez – previously co-founded the crypto investment platform Zignaly in 2018 and had worked on other tech startups such as Jooicer and TractionBoard before launching ZIGChain.

Risks of ZIG

Like an investment in other crypto assets, there are some general risks to investing in ZIG. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in ZIG is subject to the following specific risks:

ZIG operates using smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks. 

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with ZIG. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The ZIG community and ZIGChain founding team are not under any legal or regulatory obligation to disclose material information to the public regarding their activities. Holders of ZIG have no recourse to the ZIG community, ZIGChain founding team, or Uphold if ZIG declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing ZIG on the Uphold Platform, Uphold performed due diligence on ZIG and determined that ZIG is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

The creation, governance, usage, and design of ZIG, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 

The supply, demand, maturity, utility, and liquidity of ZIG.

Any marketing materials put forward by the ZIG social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.

Material technical risks associated with ZIG, including any code defects, security breaches and other threats concerning ZIG and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.

Legal and regulatory risks associated with ZIG, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of ZIG.